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Trade Name and Trademark Agreement

 

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Title:

Trade Name and Trademark Agreement

Entities:

Aberdeen Management Ltd

Date:

2001

Size:

Preview shows 7KB of 25KB total

Price:

$42

ID:

#1953789

 

 

► Licensing ► Trademark ► Trade Name & Trademark Agreements

 

 

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                       TRADE NAME AND TRADEMARK AGREEMENT


TRADE NAME AND TRADEMARK AGREEMENT ("AGREEMENT"), dated as of
July 3, 2001 (the "EFFECTIVE DATE"), by and among Sun International Hotels
Limited, a company organized under the laws of The Bahamas, Sun International
Investments Limited, a company incorporated under the laws of the British Virgin
Islands, World Leisure Group Limited, a company incorporated under the laws of
the British Virgin Islands (collectively "ASSIGNOR"), and Sun International
Management Limited, a corporation incorporated under the laws of the Switzerland
(or its nominee) ("ASSIGNEE"). References to the Assignor shall include any and
each of them.

WHEREAS, Assignor is the owner of the Logo and the Marks as defined herein.

WHEREAS, Assignee desires to acquire all worldwide right, title and interest in
and to the Marks and any and all goodwill associated with the Marks; and

WHEREAS, pursuant to the Omnibus Agreement, dated as of the date hereof,
between, among others, Assignor and Assignee (the "OMNIBUS AGREEMENT"), the
parties agreed to enter into this Agreement.

DEFINITIONS

"CONTROLLED AFFILIATES"


has the meaning set forth in the Omnibus Agreement, (and references in this
Agreement shall be to all or any of the Controlled Affiliates); PROVIDED,
HOWEVER, with respect to World Leisure Group Limited, Controlled Affiliates
shall include "Affiliates" as such term is defined in the Omnibus Agreement.

"LOGO"


means the stylised "S" logo shown at Schedule 1.


"MARKS"


means the words "SUN" and "SUN INTERNATIONAL" and the Logo, as presently or
previously used by the Assignor, its licensees or its Controlled Affiliates, and
including, without limitation, all unregistered rights and goodwill relating
thereto and including the Registered Marks, in each case only as such marks,
logos or words relate to resort, hotel, casino and gaming (including, without
limitation, online gaming) services.
{Page}

2


"REGISTERED MARKS"


means all:


(a) registered trademarks, service marks, trade names, logos, designs, and
brands for the Marks together with all goodwill attaching thereto; and

(b) the domain names set forth in Schedule 2 together with any other domain
names registered in the name of or controlled by the Assignor or its Controlled
Affiliates, and used by the Assignor or its Controlled Affiliates in relation to
the Services.

"SERVICES"


means all:


resort, hotel, casino and/or gaming (including, without limitation, on-line
gaming) services.

1 ASSIGNMENT

1.1 NOW, THEREFORE, for good and valuable consideration of L1, the
receipt and sufficiency of which is hereby acknowledged by the
Assignor, the Assignor hereby irrevocably sells, transfers, assigns,
and otherwise conveys, and shall cause its Controlled Affiliates to
irrevocably sell, transfer, assign and otherwise convey, to the
Assignee and its successors and assigns, all of the Assignor's and
the Controlled Affiliates' worldwide right, title and interest in and
to the following:

(a) each of the Marks, including without limitation all common law rights
thereto;


(b) the goodwill of the Assignor's business and the Assignor's Controlled
Affiliates' businesses symbolized by and associated with the Marks;
and


(c) all rights to proceeds of the foregoing, including, without
limitation, any existing claims by the Assignor and its Controlled
Affiliates, for past, present, or future infringement of the Marks
and the right to sue for past infringements of the Marks.

2 REPRESENTATIONS AND WARRANTIES

The Assignor hereby represents and warrants that:
{Page}

3


(a) Except as expressly set forth in Schedule 3, the Assignor and its
Controlled Affiliates have no written agreements (including, without
limitation, any license) and no material unwritten agreements
(including, without limitation, any license) with respect to any of
the Marks.

(b) The domain names set forth in Schedule 2 are registered in the name
of Assignor or its Controlled Affiliates and are the only domain
names registered by Assignor and its Controlled Affiliates.

(c) The Assignor and its Controlled Affiliates have not entered into any
agreements with respect to the use or transfer of the domain names
set forth on Schedule 2.


(d) The Assignor has been using the Marks continuously since 1994 in
relation to resort, hotel, casino and gaming services.


(e) The Marks are free and clear of all liens, judgments, claims,
security interests or other encumbrances.


(f) No litigation is pending and no claim has been made against the
Assignor or its Controlled Affiliates in the three years prior to the
date hereof or, to the knowledge of the Assignor or its Controlled
Affiliates, is threatened, (i) alleging that any of the Marks or the
use thereof infringes or violates any third party rights, or
contesting the right of Assignor or its Controlled Affiliates to own,
use or to sell, license or make available to any third party the
Marks; or (ii) opposing or attempting to cancel or invalidate any of
the Marks; and Assignor and its Controlled Affiliates know of no
basis for any such claim, allegation or litigation.

(g) Any moral rights vested in individuals in respect of Marks including,
without limitation, the right to be identified as an author of the
Logo and the right not to have the Logo subjected to derogatory
treatment have been legally and irrevocably waived.

2.1 The Assignor makes no representation and gives no assurance or
warranty that any of the Marks are capable of registration as
registered trademarks.


 

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