Memorandum of understanding VideoTile Online Training Courses

The parties have agreed to brand courses produced and owned by Videotile in the style of THE DISTRIBUTOR and Videotile grants a licence to distribute and exploit the courses to THE DISTRIBUTOR under the following conditions.

The Titles of the courses THE DISTRIBUTOR will be licensed to distribute can be

found on this link – https://videotile.com/course-catalog/

It was agreed that this memorandum will form the basis of the relationship between the parties to commence upon delivery of login details for THE DISTRIBUTOR branded LMS and access to the functioning system and course content.

General Exploitation

The underlying principle of the relationship is that VideoTile at its own cost will provide and maintain with timely updates the intellectual content of the courses. This will include all narrative and written content and approval of all audio/visual content.

VideoTile at its own cost will provide the production, licensing, customisation, production of content updates, video hosting, technical support and certain marketing materials.

VideoTile will provide a fully functioning customised version of the online learning materials and THE DISTRIBUTOR will be free to distribute licences for the use of the course material to end user client companies based on the commercial model set out below.

For setup, maintenance and a licence for use of the IP THE DISTRIBUTOR will pay a monthly subscriptpion the value of which will be determined at the point of sale. Subscriptions are based on the following pricing and usage which is calculated from the date of delivery.

Starter Plan                 $99 per month up to 100 course credits per year
Business Pro                $249 per month up to 350 course credits per year
Enterprise                   $349 per month up to 550 course credits per year

VILT and Subscription Accounts

VILT courses and Subscription accounts are charged seperatly. These rates can be found on your LMS.

If the maximum usage is reached within any 12 month period then a higher level subscription must be adopted to continue usage.

The roles and responsibilities of the parties shall be as follows:

VideoTile

VideoTile will produce, maintain and host the course content and provide the delivery system and online payment function.

General

VideoTile will grant THE DISTRIBUTOR a distributor licence. VideoTile will provide a customised version of the content and assist THE DISTRIBUTOR in its implementation and will also supply branded marketing matertials.

THE DISTRIBUTOR

Immediately following the availability of the branded courses THE DISTRIBUTOR will make the courses available to their clients and the general public via their website under their brand which will be modestly co-branded with VideoTile. THE DISTRIBUTOR will also actively promote the courses as part of its general marketing and promotional activities.

THE DISTRIBUTOR must not use the IACET logo in any way and must not refer to themselves being accredited by IACET.

Licence limitation

The licence provided to THE DISTRIBUTOR is strictly for retail sales and the courses may not be sold on or marketed by their customers.

Recommended Retail Prices will be provided for the courses.

We the parties acknowledge that this is a true memorandum of understanding.