Terms of Business

Intellectual Property
All copyright or other intellectual property rights in any material devised by Story will belong to us until receipt of all payments due for the work done. Upon receipt of the final payment all copyright and other intellectual property rights will pass to such party as identified in the Statement of Work, Contract or Letter of Intent. 

Moral Rights
Story retains the moral right to such copyright notice / credit as is reasonable. The Client shall not remove or alter any copyright or other proprietary notice without written consent from Story.

Confidentiality
We agree that we will keep the terms of this agreement and any further information supplied to each other in respect of this agreement or in respect of each other’s business secret and confidential. In this respect we agree that we will not disclose the Information or any part of it to anybody (except to our own employees and maybe our other halves) without prior written consent.

Payment Terms
Unless otherwise stated Story will invoice the client in 3 parts. 30% upon project sign-off, 40% at a mid-term milestone to be agreed (usually visual sign-off) and 30% on completion. All invoices to be paid in 30 days. Late payments in theory are subject to 4% interest but we've never charged it. Please don't take advantage of this though. 

Expenses
We're pretty relaxed when it comes to expenses, usually only charging for travel and accommodation outside of London and any-third party costs including print, DVD reproduction, legal fees and rental equipment. These expenses are not included in the Project Fee and will be billed to the Client in addition to the fixed price on a monthly basis in arrears. We'll try to keep them to a minimum though, promise.

Acceptance
If the client does not notify Story of non-acceptance within ten days of delivery of the Deliverable, it will be considered accepted. The deliverable will be considered accepted if the Client uses the deliverable in a “live” environment.

Third-parties
The Client is responsible for the co-ordination of any third parties. All software and data base-licensing partners, if any, will be responsible for delivery and testing of their own deliverables. Delays caused by non participation of Client project members or third parties in agreed tasks may result in an increased timeline and costs.

Change requests
If the scope of project changes from the specifications outlined in the project plan or Story is required to provide additional services not described in the project plan, such changes will be documented in a change request and may impact timings and costs. The Change request will require sign-off by the client before work described therein can commence.

Source material
The Client will ensure that all necessary permissions for the use of any source material have been obtained and that the materials contain no defamatory matter and are free of all other legal restrictions and you will indemnify us against any costs and losses incurred by us, our employees or agents in the event of a third party claim against us, or any of the above persons.

Feedback
The project depends on the close involvement of the Client's internal teams to provide input, review and approve deliverables, and to be available for presentations and conference calls throughout the engagement. The Client will be responsible for obtaining the necessary involvement of all stakeholders and collating their feedback. If resources booked are not used due to late feedback from client, this cost will be added to the project spend and may result in a chargeable change request.