This Memorandum of Understanding (the "MOU") is made and entered into as of 20th August 2024, by and between/
Party A: VIETJET AVIATION JOINT STOCK COMPANY
Address: 302/3 Kim Ma Street, Ngoc Khanh Ward, Ba Dinh District, Hanoi, Vietnam.
Party B: Contestant of Love Connection 2024
Email: as provided by the contestant
WHEREAS:
- Purpose
Party A and Party B (hereinafter collectively referred to as the "Parties") wish to establish terms and conditions under which Party A may use certain personal data owned by Party B (“Personal Data”)./
- Personal Data description:
The Personal Data that Party A accepts to grant to Party B all the right to use/exploit for commercial purposes on all media channels with unlimited time and market including./:
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- All material (photos, video, text, documents) provided by contestant to join Loveconnection.vietjetair.com campaign
NOW, THEREFORE, the Parties agree as follows:
- Grant of Rights to use Personal Data
1.1. Party B grants Party A a non-exclusive, royalty-free, worldwide right and license to use, reproduce, display, and distribute the Personal Data in connection with usage purposes, including but not limited, marketing materials, website, social media, PR article, OOH, etc..
1.2. The rights granted herein are perpetual.
- Usage Restrictions
2.1. Party A shall not use the Personal Data for any purpose other than those specified in this Agreement without the prior written consent of Party B.
2.2. Party A shall not alter, modify, or create derivative works from the Personal Data without the prior written consent of Party B.
- Ownership:
3.1. Party B retains all rights, title, and interest in and to the Personal Data, including all intellectual property rights.
3.2. Nothing in this Agreement shall be construed as transferring any ownership rights in the Personal Data to Party A.
- Confidentiality:
4.1. The Parties agree to keep the terms of this Agreement and any confidential information related to the Personal Data confidential, except as required by law.
- Warranty:
5.1. Party B agrees to indemnify, defend, and hold harmless Party A from and against any and all claims, liabilities, damages, and expenses arising out of or in connection with Party A's use of the Personal Data in accordance with the terms of this Agreement.
- Miscellaneous:
6.1. This Agreement constitutes the entire agreement between the Parties regarding the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral.
6.2. Any amendments or modifications to this Agreement must be in writing and signed by both Parties..
6.3. This Agreement shall be governed by and construed in accordance with the laws of the Socialist Republic of Vietnam.
6.4. Any disputes arising under or in connection with this Agreement shall be resolved through good faith negotiations between the Parties. In case the dispute cannot be resolved by negotiation, such disputes(s) shall be referred to the competent Court of Vietnam for final resolution..
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.
VIETJET AVIATION JOINT STOCK COMPANY
