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Title: |
Licensing Agreement |
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Date: |
2007 |
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Preview shows 5KB of 44KB total |
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Price: |
$43 |
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ID: |
#2903755 |
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Licensing Agreement
Agreement made this 30th day of May, 2007, by and between Evans Systems,
Inc., a Texas Corporation, with a principal place of business at 1 Town Square
Boulevard, Ste. 347, Asheville, North Carolina 28803 ("Licensee" or "Evans
Systems") and Childwatch, Inc., a Not for profit Corporation, with a principal
place of business at P.O. Box 691782, Orlando, Florida 32869 ("Licensor" or
"Child Watch").
RECITALS
WHEREAS, Child Watch is the sole owner of certain trademarks, service
marks, and trade names;
WHEREAS, Child Watch is in the business of assisting parents of missing
children and working with law enforcement in the search for a missing child by
organizing volunteers and distributing posters; and
WHEREAS, Evans Systems is desirous of obtaining a license to utilize
certain trademarks and service marks of Child Watch in connection with the
development of a Child Watch Alert Network on a digital signage network for the
purpose of displaying pictures of missing persons to the public; and:
WHEREAS, Child Watch is agreeable to such use by Evan Systems of certain
trademarks and service marks subject to the provisions of this Agreement.
NOW, THEREFORE, in consideration of the mutual covenants hereinafter set
forth, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:
1. (a) Licensor grants to Licensee a License to the exclusive right to
market the Product and Service and brand name world wide for a period commencing
on June 1, 2007 (the "Effective Date") and ending five (5) years from the
Effective Date (the "Initial Term") unless sooner terminated pursuant to the
provisions of this Agreement. The term "License" as used herein shall mean the
exclusive non-transferable right of Licensee to reproduce, market and distribute
to end-users the Product and Service, Child Watch brand name and pictures of
missing persons subject to the provisions of this Agreement. "Exclusive" shall
mean that Licensor shall not engage in any similar promotions with other
competing companies of Licensee during the term of this Agreement.
(b) Grant. Subject to the provisions of this Agreement, including
without limitation all Child Watch approval rights described herein, Child Watch
hereby grants to Evan Systems, and Evan Systems hereby accepts the grant by
Child Watch of, the exclusive, nontransferable right and license during the Term
of this Agreement to use the Licensed Rights solely in connection with the
development and operation of the Child Watch Network ("Network") in the
Territory in accordance with the Terms set forth herein. "Licensed Rights" shall
mean the right to develop and operate the Child Watch Network in the Territory,
{PAGE}
the right to offer the programs ("Licensed Services") subject to Child Watch's
approval rights. The network will be named "Child Watch Network" and Child Watch
will be the exclusive organization.
(c) Reservation of Rights. No license or right is granted for the use of
any trademark, service mark, trade dress, logo or similar identifying design
other than the Licensed Marks and no right is granted for the offering of
License Services or the sale of Branded Merchandise by any means or method other
than as set forth in this Agreement and the attached Schedules; and Evans
Systems shall exercise Licensed Rights and use the Licensed Marks only for the
purposes of this Agreement and as prescribed herein, only with respect to the
Licensed Rights, and only to offer such Licensed Services and/or sell such
Branded Merchandise pursuant to the terms of this Agreement. Except as expressly
set forth in this Agreement, no right of renewal or option to extend is granted
and Evans Systems shall have no right to exercise the Licensed Rights; no right
to use the Licensed Marks; and no right to continue marketing, distributing or
selling Licensed Services and/or Branded Merchandise or to continue holding
itself out as a licensee of Child Watch after the expiration or termination of
this Agreement. Evan Systems shall have the right to a "Sell-Off" period as
described in this agreement. All rights not specifically granted in this
Agreement are expressly reserved by Child Watch.
(d) It is mutually agreed that either party may terminate this Agreement
at the end of the Initial Term by giving the other party written notice thereof
at least Three (3) months prior to the expiration of the Initial Term. Should
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