Terms and Conditions of Contract

As at 1st January 2005

Invoicing and Payment

1. After terms of contract have been agreed, a Finance / Leasing document must be signed together with the appropriate deposit or a cash deposit of 50% of the agreed quotation price must be paid, at least 14 days prior to commencement of work. The remaining 50% shall be payable on completion of the video or multimedia project.

2. For invoices over £1000, 1000 Words Productions Ltd. will issue an invoice for payment as each sum becomes due, to be paid within 21 days of the date of that invoice.

3. For invoices under £1000, 1000 Words Productions Ltd. will require payment upon completion of transfer of goods or services to the purchaser.

4. If payment is not received within 21 days from the invoice date, 1000 Words Productions Ltd. will automatically charge interest at a rate of 5% over NatWest Bank base, which will be added to the account.

5. Payment may be by Leasing Agreement, Bank Transfer, or Cash.

6. All payments must be made payable to 1000 Words Productions Ltd.

Copy Approval

7. The client's requirements must be clearly provided in writing to, 1000 Words Productions Ltd. before commencement of any work and subject only to minor mutually agreed alterations thereafter.

8. Any Major alterations to a project, not previously approved, prior to the commencement of work, must be mutually agreed, costed and then written into a supplementary agreement.

9. A video programme will only be publicly released by 1000 Words Productions Ltd. once the client has approved all content as complete and satisfactory, and further confirms same in writing.

Termination of Service

10. A client may terminate the contract at any time by written notice of termination, however, will lose the non-refundable deposit, or be liable to pay in full, for all work previously undertaken and in progress by 1000 Words Productions Ltd., whichever is the greater.

11. Any monies (excluding the deposit) held on account and not deployed within the project will be returned to the client, subject to clause 10.

Unsuitable/Illegal Information

12. 1000 Words Productions Ltd. reserves the right to refuse to use, publish or broadcast any information it considers obscene or morally unsuitable or which would breach copyrights, or which is libellous, defamatory or illegal.

13. Should such a submission occur, the client will be advised which information was deemed unsuitable, and requested to amend the information.

Errors and Omissions

14. 1000 Words Productions Ltd. can not be held liable for loss or damage caused as a result of any third party action or failure.

15. 1000 Words Productions Ltd. can not be held liable to any party for any errors or omissions on any medium after the client has agreed in writing that the content is correct and accurate and should be posted, published or broadcast.

Contracts

16. Client contracts may be modified by agreement in writing at any time to add or delete services to accommodate the client's further needs.

17. If a project requires additional content this will constitute a contract change. A mutually agreed amendment will be made to the original contract and, once approved, will become contractually binding.

18. E-mail correspondence shall be sufficient to prove changes to agreements for the form and content of programmes.

19. 1000 Words Productions Ltd. will not commence work on any project until a signed purchase order or equivalent signed document, has been provided by the client.

Ownership of Content / Copyright

20. In consideration of, and subject to, the final payment of full fees due to 1000 Words Productions Ltd. by the client, 1000 Words Productions Ltd. hereby assigns to the customer, with full title guarantee, all the present and future copyright and other intellectual property rights howsoever arising in the content. It is however, agreed that 1000 Words Productions Ltd. would be entitled to associate with the final production and to list / show on their promotional web site, for the benefit of both parties.

Confidentiality

21. Any confidential or proprietary information, which is acquired by 1000 Words Productions Ltd. from a client company, person or entity will not be used or disclosed to any person or entity, except when required to do so by law. If required, 1000 Words Productions Ltd. will sign and adhere to the conditions of any reasonable client Confidentiality Agreement.

Deadlines

22. Any contract requiring 1000 Words Productions Ltd. to work to specific deadlines provided within the written agreement will be deemed to include a proviso that the clients will make themselves reasonably available to communicate with 1000 Words Productions Ltd., its servants or agents, as necessary.

23. 1000 Words Productions Ltd. office hours are 9.00 a.m. to 5.30 p.m. Monday to Friday unless notified otherwise.

Complaints

24. Should the client have cause to make a written complaint about service or programmes, then 1000 Words Productions Ltd. will be acknowledge same within 14 days and a detailed reply will be issued to the client within a further 28 days thereafter.