IntellectualPropertyLicenseandPreservationAgreement知识产权许可保全条约doc.docx
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IntellectualPropertyLicenseandPreservationAgreement知识产权许可保全条约doc.docx
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IntellectualPropertyLicenseandPreservationAgreement知识产权许可保全条约doc
IntellectualPropertyLicenseandPreservationAgreement知识产权许可保全协议-
INTELLECTUALPROPERTYLICENSEANDPRESERVATIONAGREEMENT,datedasof_________,_________,_________(M/D/Y)(theAgreement),byandbetweenAAA(Sb)(Licensor)andBBB,Inc.(theCompany).
WHEREAS,Licensoristheexclusiveownerofallright,titleandinterestinandto(i)herimage,signature,voiceandlikenessandgoodwillappurtenantthereto,(ii)certainrightsofpublicityinandtohername,image,likeness,voice,signatureandotherelementsofherpersonaandidentity,(iii)allrightsinandtohername,otherthanthoseownedbytheCompanyand(iv)allcommonlawandstatutoryrightsintheforegoing(collectively,theProperty
WHEREAS,LicensorandapredecessoroftheCompanyhavepreviouslyenteredintocertainagreementsrelatingtothelicenseofcertainintellectualproperty,includingtheProperty(thePredecessorAgreementsand
WHEREAS,LicensorandtheCompanywishtoterminatethePredecessorAgreementsandenterintothisAgreement,onthetermsandconditionssetforthherein;
NOW,THEREFORE,inconsiderationofthemutualpremisessetforthherein,andforothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichisherebyacknowledged,thepartiesagreeasfollows:
1.TheCompany’sAcknowledgmentofLicensor’sRights.TheCompanyherebyacknowledgesthat(a)Licensorexclusivelyownsallright,titleandinterestthroughouttheworld(theTerritory)inandtotheProperty,whichPropertyhasintrinsicvalue,and(b)LicensorotherwisereservesallrightstothePropertyexceptthosespecificallygrantedtotheCompanyherein.LicensorrepresentsandwarrantstotheCompanythat,asofthedatehereofandotherthanassetforthinthePredecessorAgreements,shehasthepowerandauthoritytolicensethePropertyonthetermsandconditionsofthisAgreement.
2.UseoftheProperty.
(a)SubjecttothetermsandconditionsofthisAgreement,LicensorherebylicensestotheCompanytheexclusiverighttouse,andtoauthorizeotherstouse,pursuanttothetermshereof,anyofthePropertythroughouttheTerritoryonorinconnectionwithanyproductsandservicesoftheCompany(suchproductsandservices(includingthemagazineAAA(Sb)Living)arereferredtohereinastheLicensedProductsandtheLicensedServices)duringthetermofthisAgreement.DuringthetermofanylicensepursuanttothisAgreement,theCompanyshallusecommerciallyreasonableeffortstopreservethehistoricalgoodwilloftheProperty,theLicensedProductsandtheLicensedServices.AlluseofthePropertyandLicensedServicesshallinuresolelytothebenefitofLicensor.TheuseofthePropertybytheCompanyoranysublicenseethereofshallbeofaqualityatleastsubstantiallyconsistentwiththeHistoricalStandard(asdefinedbelow);providedthatanyuseofthePropertybytheCompanywhileLicensorisinControl(asdefinedbelow)shallbeconclusivelypresumedtomeettheHistoricalStandard.TheHistoricalStandard,asofanydate,shallmeanthequality,styleandimageoftheLicensedProductsorLicensedServicesasthePropertyhasbeenusedbytheCompanyafterFebruary3,1997andbeforetheearlierof
(1)suchdateor
(2)thedatethatLicensorceasestobeeither(x)ChairmanoftheBoardorChiefExecutiveOfficeror(y)theowner,directlyorindirectly,ofinexcessof50%oftheoutstandingvotingpoweroftheCompany(thecircumstancesineitherclause(x)or(y)beingreferredtoasControl,andsuchperiodsinceFebruary3,1997beingreferredtoastheHistoricalPeriod).AtanytimethatLicensorisnotinControl(otherthanduetoaTerminationTrigger,asdefinedinsubparagraph(b)ofthisparagraph2),(i)subjecttoLicensor’spriorwrittenapproval,whichshallnotbeunreasonablywithheldordelayed,theCompanymaycontinuetousethePropertyinconnectionwithnewbusinessesnotplannedordevelopedwhileLicensorwasinControl,and(ii)theCompanymaydevelop,useandregisternewderivativesofthePropertynotdevelopedwhileLicensorwasinControl,solongassuchnewDerivedMarks(asdefinedinparagraph5(a))aresubstantiallyconsistentwiththeimage,lookandgoodwillofthePropertyatthetimewhenLicensorceasedtobeinControlortowhichLicensor(orherlegalrepresentative,heirsorestate)haveconsentedinwriting(suchbusinessesandderivatives,NewUses).Forclarity,NewUsesshallnotincludereasonableextensionsofthelinesofbusinessinwhichtheCompanyisengagedorplannedtobeengagedatanytimethatLicensorisinControl,whichextensionsshallbeincludedinthelicensecontainedherein.AfterLicensor’sdeathordisability,theCompanymayusethePropertyforadditionalNewUses,providedthatanysuchbusinessesandderivativesaresubstantiallyconsistentwiththeimage,lookandgoodwillofthePropertyatthetimeatwhichLicensorceasedtobeinControl,ortowhichLicensor(orherlegalrepresentative,heirsorestate)haveconsentedinwriting.TheCompanyshallkeepLicensor(orherlegalrepresentative,heirsorestate)advisedofanyNewUsesinatimelymanner,sothatsuchentitymayconfirmtheCompany’scompliancewiththetermshereof.SubjecttothetermsandconditionsofthisAgreement,LicensorherebygrantstotheCompanytheexclusiverighttouseandexploitinanyandallmediahername,image,likenessandvoiceasitappearsinanyandalltelevisionprogramsand/orvideos(includingcontentdevelopedfortheCompany’sonlinebusinesses)producedbyorfortheCompany(oritspredecessor),whethersuchtelevisionprogramsand/orvideoswereproduced,aired,marketedorsoldpriorto,on,orafter,thedateofthisAgreement,providedthatthegrantinthissentenceshallbelimitedtotheuseofsuchprogramsand/orvideos(i)substantiallyasawhole(itbeingacknowledgedandunderstoodthattheCompanyshallhavetherighttoeditsuchprogramsand/orvideosfortimeandcommercialsandtoaddbumpersandintroductions),(ii)aspartofacollectionorsimilarcompilation(suchasBestofprogramsorvideos)ofLicensorappearancesrelatingtothebusinesscolloquiallyknownasofthedatehereofasAAA(Sb)LivingTelevision,(iii)inanyothermannerusedbytheCompanywhileLicensorwasinControlor(iv)regardingexcerptsofsuchprogramsand/orvideos,aspartoftheadvertising,promotionand/ormarketingofeitheroftheforegoing.
(b)TheuseofthePropertybytheCompanypursuanttothisAgreementshallbeonaroyalty-freebasisexceptassetforthinthenextsentenceofthisSection2(b).IntheeventthatLicensor’semploymentwiththeCompanyisterminatedbytheCompanywithoutCause,orLicensorterminatesheremploymentforGoodReason(eachasdefinedinanyemploymentagreementbetweenLicensorandtheCompanyoritssubsidiariesor,iftherebenosuchagreement,thelastsuchagreement)(suchatermination,aTerminationTrigger),Licensor(orherlegalrepresentative,heirsorestate,asthecasemaybe)shallreceivearoyaltyinperpetuityof3%ofrevenues(whetherproducts,advertising,publicationsales,distributionfeesoranyotherrevenues)derivedfromLicensedProductsorLicensedServicesofanykind,orwhichinanywayincludeanyoftheProperty(includingasaportionofanyDerivedMarks)(asdefinedinparagraph5(a)).Paymentoftheroyaltyamountsshallbeaccompaniedbyreasonablewrittendetailofthebasistherefor.Suchroyaltyamountsshallbepayableeachcalendarquarter,shallbesubjecttoalatepaymentfeeofthegreaterof10%or2%overtheCompany’sthen-applicablecostofborrowing(suchamount,theInterestRate)intheeventnotpaidwithin60daysoftheendoftheapplicablequarter,Licensor(orherlegalrepresentative,heirsorestate,asthecasemaybe)shallhavetherighttoaudittheroyaltypaymentsnomorethanonceperyear,andanyunderpaymentsshallbeimmediatelydueandpayableuponconclusionoftheaudit,plusinterestattheInterestRatefromthe60thdayfollowingtheendoftheapplicablequarterwithrespecttowhichtheunderpaidamountwasdue.
(c)UponaTerminationTrigger,thelicenseprovidedhereinshallbecomenon-exclusivewithrespecttoallthen-activebusinessesoftheCompanyandshallnotincludealicensetousethePropertyinconnectionwithNewUses.UponaTerminationTrigger,theCompanyshallautomaticallybedeemedtohavegrantedLicensoranexclusiveperpetual,worldwide,royaltyfreelicensetousethePropertyas,oraspartof,atrademark,servicemarkortradename,foranygoodsorservicesLicensordesires,totheextent,ifany,thatsaidmarkornameislikelytocauseconfusionwithorotherwiseinfringeorviolatetheCompany’srightsinanymarkornametheCompanyowns(theTerminationTriggerLicense).TheTerminationTriggerLicenseshallinclude,withoutlimitation,therighttousethePropertyinconnectionwithanygoodsorserviceswhichcompetedirectlywithgoodsorservicesoftheCompany.Notwithstandingtheforegoing,LicensorshallnothavetherighttouseanymarkornamewhichisidenticaltoanymarkornameownedbytheCompany.ThequalityofLicensor’sgoodsandservicessoldpursuanttotheTerminationTriggerLicense(theLicensorGoods/Services)shallbeofatleastthesamekindofqualityasgoodsandservicessoldbytheCompanyasofthedateoftheTerminationTrigger,andtheCompanyshallhavetherighttotakereasonablestepstomonitorthequalityoftheLicensorGoods/Services.UponLicensor’sreasonablerequest,theCompanyshalluseitscommerciallyreasonablebesteffortstoregistertrademarksand/orservicemarkswhicharethesubjec
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