NiM and Client agree that the following rights shall be transferred from NiM to Client upon receipt of full payment.
NiM agrees to the perpetual non-exclusive license of the following rights (including, but not limited to, the right to display, modify, transmit, transfer, and create derivative works) to Work to Client, excluding only the right to authorship credit, which is retained by NiM.
1) NiM grants to the Grantee the exclusive right to use or reproduce the produced work for the type of merchandise agreed upon by NiM and Grantee.
2) This grant permits the Grantee the exclusive right to manufacture, distribute, and sell the merchandise. Further, NiM grants to the Grantee the right to reproduce the produced work on the Grantee's website and all other Grantee promotional materials.
3) During the term of the contract, NiM agrees that they will not make or sell or distribute forms of the produced work that is the subject of this contract aside from self-promotion.
4) NiM shall retain all copyrights in and to the produced work. The Grantee shall identify NiM as the creator of the produced work on the licensed products and shall reproduce thereon, a copyright notice for NiM which shall include the word "Copyright" or the symbol for copyright "©", NiM, and the date and year of the first publication.
5) NiM understands that all profits from the sale of NiM's merchandise will benefit the Grantee.