Time Brokerage Agreement

Time Brokerage Agreement Template for India

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Key Requirements PROMPT example:

"I need a Time Brokerage Agreement for my Mumbai-based radio station, where I'm planning to sell 6 hours of daily prime-time slots (6 PM to midnight) to a major media company, with a 70-30 revenue split for advertising income and a contract start date of March 1, 2025."

Document background

The Time Brokerage Agreement is essential in India's broadcasting sector where station owners seek to optimize their broadcast time usage and revenue generation. This document is typically used when a broadcast station owner wishes to sell portions of their airtime to another party while maintaining their license and ultimate control over the station. The agreement must carefully navigate Indian broadcasting regulations, particularly the TRAI guidelines and Broadcasting Services Order of 2017. It includes detailed provisions for programming standards, technical requirements, revenue sharing, and regulatory compliance specific to the Indian market. The document is particularly crucial in situations involving radio and television broadcasting where strict regulatory oversight exists regarding content, advertising, and operational control.

Suggested Sections

1. Parties: Identification of the station owner and the time broker, including complete legal names and addresses

2. Background: Context of the agreement, including station details, licensing status, and purpose of the arrangement

3. Definitions: Definitions of key terms used throughout the agreement

4. Grant of Broadcast Rights: Specific time slots granted and extent of programming rights

5. Term and Termination: Duration of the agreement, renewal terms, and termination conditions

6. Payment Terms: Brokerage fees, payment schedule, and revenue sharing arrangements

7. Programming Requirements: Content standards, format requirements, and compliance with broadcasting regulations

8. Regulatory Compliance: Obligations to comply with TRAI regulations and other applicable laws

9. Station Operations: Technical operations, maintenance responsibilities, and quality standards

10. Representations and Warranties: Standard warranties regarding licensing, authority to contract, and compliance

11. Indemnification: Mutual indemnification provisions for various risks and liabilities

12. Insurance: Required insurance coverage and minimum policy requirements

13. Dispute Resolution: Process for resolving disputes, including jurisdiction and governing law

14. General Provisions: Standard boilerplate clauses including notices, assignment, and amendment procedures

Optional Sections

1. Employee Matters: Include when the agreement involves staff transfers or shared employee arrangements

2. Advertising Revenue Share: Include when parties agree to share advertising revenue beyond basic brokerage fees

3. Local Programming Requirements: Include when specific local content obligations need to be met

4. Emergency Broadcasting Provisions: Include when specific arrangements for emergency broadcasts are needed

5. Intellectual Property Rights: Include when significant IP rights are involved in the programming

6. Non-Competition: Include when restricting parties from competing in specific markets

7. Force Majeure: Include when specific force majeure provisions beyond standard clauses are needed

8. Technical Support: Include when detailed technical support arrangements are required

Suggested Schedules

1. Schedule 1 - Broadcast Time Slots: Detailed listing of all time slots covered by the agreement

2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, payment terms, and revenue sharing calculations

3. Schedule 3 - Technical Specifications: Technical requirements and broadcast quality standards

4. Schedule 4 - Programming Guidelines: Detailed content and programming requirements

5. Schedule 5 - Compliance Checklist: List of regulatory requirements and compliance procedures

6. Appendix A - Required Notices: Standard notices and disclaimers to be used in broadcasts

7. Appendix B - Emergency Procedures: Procedures for emergency broadcasts and technical failures

8. Appendix C - Key Personnel: List of key contacts and responsible personnel from both parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Media & Entertainment

Broadcasting

Telecommunications

Radio Broadcasting

Television Broadcasting

Digital Media

Advertising

Entertainment

Relevant Teams

Legal

Compliance

Media Operations

Broadcasting

Commercial

Technical Operations

Content Management

Revenue Management

Business Development

Regulatory Affairs

Relevant Roles

Broadcasting Director

Station Manager

Media Operations Manager

Legal Counsel

Compliance Officer

Content Director

Programming Manager

Media Rights Manager

Business Development Manager

Commercial Director

Operations Director

Technical Director

Revenue Manager

Broadcasting License Manager

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