SimLab VR Store Agreement

This Agreement (''Agreement'') is entered between SimLab Soft (''SimLab Soft'') and the individual or entity creating and selling VR experiences using SimLab VR Store, hereinafter referred to as the ''VR Creator.''

  • 1. Responsibilities of VR Creator:

    By sharing a VR experience on SimLab VR Store, the VR Creator acknowledges and agrees to take full responsibility for ensuring that the VR experience does not contain any offensive or illegal elements.
  • 2. Pricing and Revenue Distribution:

    When uploading a VR experience, SimLab Soft will sell the experience at a price suggested by the VR Creator. The VR Creator will receive 65% of the net payment received for licensing the experience, while SimLab Soft will retain 35%.
  • 3. Copyrights:

    SimLab Soft retains all copyright rights to SimLab VR Software and the materials distributed within the software. This includes, but is not limited to, any proprietary code, graphical assets, and documentation associated with the SimLab VR Software.

    Creators using SimLab VR Software to develop and publish VR experiences on SimLab VR Store retain all copyrights for their individual VR experiences. SimLab Soft does not claim ownership or copyright over the VR experiences created by the creators and published on SimLab VR Store.

    Creators grant SimLab Soft a non-exclusive, royalty-free license to use, reproduce, and distribute their VR experiences solely for the purpose of facilitating the operation and promotion of SimLab VR Store. This license is limited to the scope of providing services related to the distribution and promotion of VR experiences on SimLab VR Store and does not grant SimLab Soft any ownership rights or additional control over the creators' copyrighted content.

    SimLab Soft and the creators agree to respect each other's intellectual property rights and to promptly address any copyright infringement concerns raised by either party.
  • 4. Volume Discounts:

    SimLab Soft may suggest options for volume discounts for institutes. However, it is at the discretion of the VR Creator to decide whether to offer this option.
  • 5. Payment and Threshold:

    SimLab Soft will transfer funds to the VR Creator the following month when the VR Creator's balance with SimLab Soft reaches $300 or more.
  • 6. Termination:

    The VR Creator reserves the right to stop future sales of the VR experience. However, the VR Creator cannot revoke access for users who have already purchased the experience.
  • 7. Content Approval and Removal:

    SimLab Soft reserves the right to reject submitted experiences based on inappropriate material, low quality experience, or pricing that may negatively impact other creators in the store. SimLab Soft also retains the right to stop selling a VR experience, providing an explanation to the VR Creator for the decision.
  • 8. Miscellaneous:

    This Agreement constitutes the entire understanding between SimLab Soft and the VR Creator and supersedes any prior agreements or understandings, whether written or oral. Any modifications to this Agreement must be made in writing and signed by both parties.
  • 9. Intellectual Property Protection:

    SimLab Soft acknowledges and agrees that it will make reasonable efforts to protect the intellectual property rights of the VR Creator, treating them with the same level of care as it would its own copyrights. However, SimLab Soft cannot be held responsible for any data breaches or unauthorized access that may compromise the security of the VR Creator's intellectual property.
  • 10. Dispute Resolution:

    Any disputes, claims, or controversies arising out of or relating to this Agreement, including the breach, termination, enforcement, interpretation, or validity thereof, shall be resolved through good faith negotiations between the parties. If such negotiations fail to resolve the dispute, either party may initiate legal proceedings.

    The parties agree that any legal action or proceeding arising out of or related to this Agreement shall be brought exclusively in the state or federal courts located within the State of Delaware, and each party consents to the personal jurisdiction of such courts.