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Document Preview License and Supply Agreement |
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Title: |
License and Supply Agreement |
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Date: |
2002 |
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Preview shows 6KB of 38KB total |
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Price: |
$47 |
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ID: |
#1167608 |
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LICENSE AND SUPPLY AGREEMENT
This License and Supply Agreement ("Agreement") is entered into this 25th day of
February, 2002 ("Effective Date") by and between Motorola, Inc., a Delaware
corporation having a place of business at 8000 West Sunrise Boulevard,
Plantation, Florida 33322 ("Motorola") and PTN Media Inc., a Michigan
corporation having a principal place of business at 2750 South State, Ann Arbor,
Michigan 48104 ("PTN Media"). Motorola and PTN Media are each sometimes referred
to herein as a "Party" and collectively as the "Parties".
RECITALS
WHEREAS, Motorola is a manufacturer of wireless phone products that have
removable and replaceable faceplates and battery doors;
WHEREAS, PTN Media has acquired certain rights to the trademarks and rights
of publicity owned by recording artist Christina Aguilera, including the rights
to sublicense such trademarks and rights of publicity;
WHEREAS, PTN Media desires to sublicense its rights in the rights of
publicity and trademarks of Christina Aguilera to Motorola to allow Motorola to
manufacture or have manufactured and sell or have sold to PTN Media only an
aftermarket accessory kit ("Kit") for Motorola's phone products that includes at
least a phone faceplate and/or battery door bearing the name, image, likeness
and/or endorsement of Christina Aguilera and packaging materials bearing the
trademarks and/or the image, name, likeness and/or endorsement of Christina
Aguilera;
WHEREAS, PTN Media desires to buy from Motorola or a mutually agreed upon
third party and Motorola desires to sell or have sold to PTN Media such Kit and
authorize PTN Media as a distributor of such Kit in certain retail channels;
NOW THEREFORE, in consideration of the foregoing premises, and mutual
covenants, promises and agreements herein contained, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, with the intention to be legally bound hereby, the Parties agree
as follows:
TERMS AND CONDITIONS
1. Definitions. The following terms shall be defined as follows for the
purposes of this Agreement:
1.1 "Christina Aguilera's Property Rights" shall mean all worldwide rights
in and to (a) all trademarks owned by Christina Aguilera; and (b)
Christina Aguilera's name, image, likeness, endorsement and/or other
rights of publicity.
1.2 "Daltek" shall mean Daltek Inc. of Dalton, Georgia U.S.A.
1.3 "F.O.B. Point" shall mean the shipping dock of Daltek
1.4 "Kit" shall mean the aftermarket accessory kit for Motorola's phone
products that (a) has been approved for distribution and sale by PTN
Media and Motorola, (b) bears one or more Motorola trademarks, and (c)
includes (i) a phone faceplate and/or battery door that includes
Christina Aguilera's name, image, likeness, and/or endorsement; and
(ii) packaging materials bearing the trademarks and/or the image,
name, likeness and/or endorsement of Christina Aguilera, and/or
Motorola.
2. License. PTN Media hereby grants to Motorola, during the term of this
Agreement, a worldwide, royalty-free, non-exclusive license of PTN Media's
rights in and to Christina Aguilera's Property Rights to (a) manufacture or
have manufactured the Kit; (b) sell or have sold the Kit to PTN Media; and
(c) advertise or otherwise promote PTN Media's sales of the Kit.
3. Products and Prices. This Agreement is for sales of Kits only and does not
create any obligation on Motorola with respect to any other products or
services of Motorola. The parties agree that PTN Media will purchase Kits,
subject to availability, from Daltek. In the event that Motorola decides to
supply the Kits directly to PTN Media at some time in the future, the
Parties will amend this Agreement to reflect the volumes, prices, payment
terms, and approximate delivery times relating to Motorola's direct supply
of the Kits. Motorola, Daltek or another mutually agreed upon third party
will package each Kit, at their own expense, in retail packaging that will
be mutually agreed upon by both Parties.
<PAGE>
4. Worldwide Sales. PTN Media may resell the Kits worldwide. If PTN Media
sells Kits through PTN Media's web site or catalog, PTN Media agrees to
sell the Kits to end-user customers only in mutually agreed upon packaging.
5. Channels/Accounts. PTN Media may sell the Kits to any retail customers or
in any retail channels only.
6. Purchases. All purchase orders by PTN Media will be submitted to Daltek or
as otherwise agreed upon by the Parties.
7. Construction. Any change to the terms and conditions of this Agreement must
be made in the form of an amendment signed by both Parties. Terms and
conditions specified in purchase orders, invoices or other writings are
subordinate to and shall not alter the terms and conditions of this
Agreement in any manner.
8. Delivery. Except as otherwise agreed in writing by the Parties or by PTN
Media and Daltek, all deliveries will be made to PTN Media at the F.O.B.
Point. Title to the Kits sold will pass to PTN Media at the F.O.B. Point.
PTN Media will be invoiced for freight charges unless otherwise agreed by
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