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Nominee Designation by Educators for Posthumous Revenue Payments
1.1. The Educator may designate a Nominee to receive any and all revenue payments due under this Agreement in the event of the Educator’s death. The Nominee shall be identified by full legal name, relationship to the Educator, and current contact information, as provided in writing to Scholastia at the time of agreement execution or any time thereafter during the term of this Agreement. Upon receipt of legally valid proof of the Educator’s death (including but not limited to a certified copy of a death certificate), Scholastia shall, within a reasonable period, commence revenue payments to the designated Nominee, provided the Nominee’s identity and contact details have been properly verified. All revenue payments shall be made in accordance with the original terms of this Agreement, unless otherwise agreed in writing by Scholastia and the Nominee. The Educator retains the right to update or revoke the Nominee designation at any time by providing written notice to Scholastia. In the absence of a validly designated and verifiable Nominee or upon the death of designated Nominee, well after the Educator’s, payments will cease to exist. Scholastia shall not be liable for any disputes arising between the Educator’s heirs, successors, or other third parties regarding revenue entitlements, and its sole obligation shall be to fulfill payments in accordance with this clause upon verification of the Educator’s death and the Nominee’s identity.
1.2. If the designated Nominee passes away before the Educator’s death and no alternate Nominee has been designated in his/her place before the passing of the Educator, all future royalty payments shall be discontinued, and Scholastia shall have no further payment obligations under this clause.
1.3. Upon the Nominee’s death, long after the Educator’s, royalties will not automatically transfer to the Nominee’s heirs and the revenue payments shall cease to exist.
1.4. To nominate a designated individual to receive any outstanding or future revenue payments in the event of the Educator’s death, the Educator must complete and submit the Nominee Designation Form separately. Submission of this form is optional but strongly recommended. If, upon the Educator’s death, a designated Nominee is unavailable, payments will cease to exist. It is the Educator’s responsibility to ensure that the information provided is accurate and kept up to date.
If you are an Educator and require the Nominee Designation Form, request it at: support@scholastia.com