Accounting
1. Course Delivery, Listings, Selling, Usage & Manage: Instructor will provide Adams Academy the full contents, materials, images and videos with relevant details of the courses in the format prescribed by Adams Academy. Adams Academy will publish and list the course on its websites (www.adamsacademy.com, www.istudy.org.uk etc.), and on various advertising sites. Instructor hereby grants Adams Academy the right and license to sell, reproduce, distribute, publicly perform, offer, market and otherwise use the courses to the students and for these purposes directly or through third parties. Adams Academy will be exclusively responsible and entitled for the assessment of the students and will provide all necessary customer care, support, information and certifications to the students. Instructor hereby agrees that Adams Academy may record all or any part of any courses (including voice chat communications) for quality control and delivering, marketing, promoting, demonstrating or operating the services. Instructor 3 3 hereby grants Adams Academy permission to use instructor’s name, likeness, image or voice about offering, delivering, marketing, promoting, demonstrating, and selling the courses, content and submitted content and waive all rights of privacy, publicity, or any other rights of a similar nature in connection therewith, to the extent permissible under applicable law. Instructor has the right to amend, update and/or remove any course or any content of a course at any time as he/she thinks fit.
2. Course Pricing: Adams Academywill be free to determine, increase the price or offer discounts and promotions on any course itself and/ with other courses of different instructors.
3. Revenue, Costs & Profit: Sold price of a course excluding VAT is Revenue. The amount after deducting the Costs from Revenue will be the Profit. When a course is sold from Adams Academy’s websites (www.adamsacademy.com, stpaulsfinal.wpengine.com etc.), the Costs will be considered as 35% of the Revenue. When a course is sold by any 3rd party, the net Revenue paid to Adams Academy by the 3rd party will be the Profit. Only for the purpose of this Agreement the terms Revenue, Costs and Profit have been defined as stated above in this section.
4. Profit Share: Profit will be equally shared (50% each) between the Parties.
5. Payment: Adams Academy will pay Instructor’s share of profit from his/her course sold in each month, at the end of the month following the month in which the sales took place.
6. Instructor Account: Instructor will have an online portal with Adams Academy, from which full sales of the instructor’s courses can be viewed.
7. Student ownership: All students of the courses will be the students of Adams Academy and it will have the full ownership of each student. Adams Academy will be exclusively responsible and entitled for assessment of the students and will provide all necessary customer care, support, information and certifications to the students.
8. Contractual Relationship: Instructor will be directly contracting with Adams Academy. Adams Academy may however utilize its other subsidiaries to facilitate the services. Instructor’s contract remains strictly with Adams Academy.
9. Relationship with Students: Instructors do not have a direct contractual relationship with students. The only information instructor will receive about students is what is provided to instructor by Adams Academy.
10. Instructor’s specific obligations:
11. Refunds: Instructor hereby acknowledges and agrees that students have the right to receive a refund, as set forth in Adams Academy’s Refund 6 6 Policy. Neither Instructors nor Adams Academy shall receive any payments, fees or commissions for any transactions for which a refund has been granted by Adams Academy. If a student requests a refund for a course after Adams Academy has sent an Instructor payment for that course, Adams Academy reserves the right to either (1) deduct the amount of such refund (only the amount previously paid to the Instructor) from the next payment to be sent to that Instructor, or (2) require that Instructor to refund any amounts previously paid to the Instructor.
12. Taxes: Instructor understand and agrees that he/she is responsible for any taxes, VAT, duties on the income. Instructor will indemnify and hold Adams Academy harmless against all claims by any tax authority for any underpayment of VAT, and any penalties and/or interest thereon on Instructor Revenue/Profit or otherwise.
13. Intellectual Property: Each party retains full ownership of their own intellectual property. In respect of Courses from Instructor to Adams Academy, Instructor hereby grants a royalty-free, perpetual, irrevocable, non-exclusive right and license to use, reproduce, publish, sell, advertise, distribute and communicate the Courses.
14. Representation and Warranties: Each Party represents and warrants that: (a) it has all the necessary legal, corporate power and authority to enter into this Agreement, to carry out its obligations hereunder and to grant the rights herein granted; (b) it will conduct business in a manner that reflects favorably on the other Party and its products and services; and (c) it will comply with all applicable national, state and local laws, policies and regulations in its performance of this Agreement.
15. Confidentiality: Both Parties undertakes to hold all Confidential Information in the strictest confidence and will not during (or at any time after the termination of) the agreement directly or indirectly use, disclose 7 7 or divulge any Confidential Information other than in the proper performance of the Services or make unauthorized use of any Confidential Information and will use their best endeavors to prevent such disclosure, publication or use.
16. Indemnification: Each Party shall indemnify, defend and hold harmless the other Party, its employees, representatives, agents, directors, officers and shareholders, from and against damages, liability, loss or expenses (including all court costs, reasonable expenses and reasonable legal fees) incurred because of third party claims resulting from its breach of any representation or warranty contained in this Agreement. A Party will be entitled to indemnification only if (a) it promptly notifies the other Party in writing of a claim in sufficient detail to enable the other Party to evaluate the claim (provided, however, that the failure to provide prompt notice shall only relieve the indemnifying party from its obligations under this Agreement to the extent that such late notice prejudiced either Party’s defense or resulted in increased damages, liability, loss or expense), (b) it grants the indemnifying party sole control of the defense and settlement of such claim, and (c) it cooperates in all reasonable respects, at the indemnifying party’s cost and expense, with the investigation, trial and defense of such claim and any appeal arising therefrom. An indemnified party may nonetheless retain separate counsel of its own choosing at its own cost. To benefit from indemnification, a Party may not compromise any claim or enter any settlement without the written consent of the indemnifying party.
17. Term and Termination:
18. Miscellaneous: