Remedies will be proportionate to the infringement and, as set out in this agreement, may include: this new agreement provides Mirriad with a strong business framework to work with this new global partner to develop its video advertising for a series of popular entertainment series, in order to extend its video advertising over time to additional content. Mirriad secures a revolutionary business deal with a leading diversified entertainment and media company, Stephan Beringer, CEO of Mirriad: „This revolutionary business deal with this Tier One partner is another indicator of how our technology is increasingly being recognised by the world`s biggest players in the media and entertainment world as an important game change. The conclusion of this agreement, despite all the ongoing challenges of the COVID-19 pandemic, demonstrates how compelling our technology is as an offering and how the Mirriad team continues to deliver effectively. „This agreement is a milestone in the development of Mirriad`s U.S. and global presence and opens up some of the most exciting content imaginable in the world`s largest advertising market to our patented video advertising technology. Following recent positive deals with companies like Tastemade, Fuse Media and Meredith, this important milestone for such a well-known name builds on the fantastic momentum the company sees in our ambitious new strategy. A heads of terms agreement forms the basis for a future agreement between two companies. It can be written as a letter between two companies, qualified as a declaration of intent and not a contract. However, the effect of these two documents is the same. You can use this document with the terms to record the important terms agreed between the two parties for each proposed agreement. These include joint venture contracts, service contracts, outsourcing contracts, asset sale contracts or share purchase contracts. Although there is no direct revenue related to the signing of this Agreement, it rather sets the conditions of activity. It covers both network synchronization and streaming and allows the new Tier One partner to extend the use of Mirriad technology to all of its US distribution platforms and content….