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THIS AGREEMENT (the “Agreement”) is made and entered into effective upon receipt of the initial payment (the “Effective Date”), by and between , New Living, LLC (the “Licensor”), and , the party paying the subscription (the “Licensee”).RECITALS:(A) Licensor owns all proprietary rights in and to the copyrightable and/or copyrighted works as described in Appendix A, incorporated herein by reference, and hereinafter collectively known as the “Work”, and has the exclusive right to license to others the right to produce, copy, make, sublicense or sell the Work.

(B) Licensee desires to obtain, and Licensor has agreed to grant, a license authorizing the use of the Work by Licensee in accordance with the terms and conditions of this Agreement.

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration as set forth herein, Licensor and Licensee agree as follows:

  1. Grant of License.
    1. (A) Licensor hereby grants to Licensee, in accordance with the terms and conditions of this Agreement, a non-exclusive, non-transferrable license to use the Work in the course of its business and for its own internal business purposes. Licensee shall not sell or distribute the Work in any way. Licensee may use the Work in accordance with the terms of this Agreement, for general advertising materials and other promotional materials for the Work, and for its own internal business purposes.
    2. (B) Licensee acknowledges and agrees that the license granted herein is non-exclusive and that Licensor may license others to use the Work.
  2. Term and Termination.
    1. (A) This Agreement shall commence as of the Effective Date and shall continue in full force and effect for a period of six months, and shall automatically renew for additional one-month periods, unless either party provides written notice of non-renewal to the other party.
    2. (B) Upon termination or expiration of the license granted under this Agreement by operation of law or otherwise, all rights, including the right to use the Work, privileges and obligations arising from this Agreement shall cease to exist.
  3. Fees.
    1. Licensee agrees to pay Licensor a one-time royalty of $1,200 for six months of use of the Work, upon execution of this Agreement. Licensee agrees to pay Licensor a royalty of $200 for each one month extension of this Agreement.
  4. Indemnification.
    1. Licensee shall fully indemnify, defend, and hold harmless Licensor from and against any and all claims, losses, damages, expenses, and liability — other than those for infringement, including without limitation, suits arising from offering, promoting, advertising, sale, or use by Licensee, or any of its authorized sublicenses, of the Work, whether or not such use conforms to standards set by Licensor, provided that such claim, loss, damage, expense, or liability does not arise from the negligence of Licensor.
  5. Notices.
    1. Any notice, demand or request required or permitted to be given under the provisions of this Agreement shall be in writing and delivered personally or by registered or certified mail, return receipt requested, with postage prepaid and addressed to the following persons and addresses, or to such other addresses or persons as any party may request by notice in writing to the other such party:
      1. Licensor:
        Company: New Living, LLC
        Address: 3514 Clinton Pkwy, Ste A1100, Lawrence, KS 66047
        Telephone: 785-748-1110
        Any such notice shall be effective when received.
  6. Arbitration and Governing Law.
    1. All disputes arising from the terms of this Agreement may be subjected to binding arbitration upon consent of both parties, with one arbitrator selected by each party, and a third arbitrator selected by the two chosen arbitrators. This Agreement shall be governed by and construed in accordance with the laws of the State of Kansas.
  7. Independent Business Relationship.
    1. Licensor and Licensee are independent entities and are not and shall not be construed as joint venturers, partners, employer/employee, or agents of the other, and neither shall have the power to bind or obligate the other, except as set forth in this Agreement.
  8. Miscellaneous.
    1. (A) This Agreement constitutes the entire agreement and understanding of the Licensor and Licensee with respect to the subject matter hereof, superseding any and all prior agreements, understandings, negotiations, and discussions. No amendment, alteration, modification, or waiver of this Agreement shall be binding unless evidenced by an instrument in writing signed by the party against whom enforcement thereof is sought.
    2. (B) If any provision of this Agreement, or the application of such provision to any person or circumstance shall be held invalid, the remainder of this Agreement, or the application of such provisions to any other persons or circumstances, shall not be affected thereby.

IN WITNESS WHEREOF, the Licensee has checked “I Accept Terms” box below this agreement, and paid the subscription fee.

Appendix A

Animated videos for educational purposes only describing “Private Family Banking” copyrighted by Rocky Nystrom. Videos include Buying a Car, Paying for College, Business Financing , Paying for Private School, Recapturing Debt and Multi-Generational Wealth.

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