All new films that LFG has distributed in cinemas over the next two and a half years will be shown exclusively on Prime Video in ItalP. The value of the agreement will increase both the revenues from the first pay-TV window and the library`s revenues. Their use of advertising services (as defined in Amazon`s advertising agreement) is subject to Amazon`s advertising agreement. You accept the Amazon advertising agreement, which can be updated by Amazon from time to time, in accordance with its terms. Amazon`s advertising agreement is available under advertising.amazon.com/terms. In the event of a conflict between the terms and conditions of sale or the programming guidelines and Amazon`s advertising agreement regarding advertising services, Amazon`s advertising agreement is a priority to the extent of the conflict. If Amazon`s advertising agreement is considered illegal, inconclusive or unenforceable for any reason, the terms and conditions of sale govern your access and use of advertising services. The Memorandum of Understanding (MOU) is the first step in a buyer`s written commitment to buying your business. It should define the fundamental conditions of supply and distribute points.
It`s not a solid guarantee that you`ve „sold“ your business. Just like selling a home, you need to have the store „inspected“ first. In most transactions, the LOI is not audited by a lawyer. The language is simple and clear. A good law serves as the framework for the final and binding sales contract that will be concluded towards the end of your deal. It should contain the most important parties that need to be negotiated. The Memorandum of Understanding is in essence a non-binding agreement which should depend fully on the buyer`s satisfaction with due diligence and another detailed asset purchase agreement. A typical period ranging from the LOI to the signing of the Asset Purchase Agreement (APA) and the closing is 30 to 40 days. We typically spend about two weeks on due diligence, one week to ten days on writing, writing and signing. Then the trust account and the closing are insured. Depending on the complexity of the transaction, things can move more slowly or faster. Prepared and well organized with the necessary documents that prove your income and expenses, due diligence helps to accelerate enormously.
If you are in direct contact with Amazon, you sell your products to them as wholesalers and they become a full-time reseller. A lender agreement makes Amazon the rightful owner of all the products they order you.