Idaho License Agreement with attachments between Site-Based Media, Inc. and NBC Site Media, Inc.

• Category: Corporations - Mergers and Acquisitions
• State: Multi-State
• Control #: US-CC-12-2259
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title.

Idaho License Agreement between Site-Based Media, Inc. and NBC Site Media, Inc. — Detailed Description Introduction: The Idaho License Agreement is a legally binding contract entered into between Site-Based Media, Inc. (hereinafter referred to as "SBM") and NBC Site Media, Inc. (hereinafter referred to as "NBC"). This agreement outlines the terms and conditions governing the licensing of intellectual property rights, including trademarks, copyrights, patents, or any other proprietary information, to NBC by SBM. The agreement aims to establish a mutually beneficial relationship between the two entities while protecting their respective rights and interests. Key Terms and Scope of Agreement: 1. Parties Involved: The agreement identifies and defines SBM and NBC as the participating entities. 2. Effective Date and Duration: It specifies the date on which the agreement becomes effective and outlines the duration of the licensing arrangement. This provision ensures clarity regarding the agreed-upon term for which NBC can utilize SBM's intellectual property. 3. License Grant: The agreement defines the specific rights and permissions being granted to NBC by SBM. This includes the right to use, reproduce, distribute, modify, and publicly display the intellectual property specified in the agreement. 4. Limitations and Restrictions: This section outlines any limitations or restrictions on NBC's usage of the licensed intellectual property. It may encompass restrictions on geographical locations, media channels, or specific purposes of usage. This ensures that SBM's intellectual property is protected and used appropriately. 5. Intellectual Property Ownership: The agreement affirms that SBM remains the sole owner of the licensed intellectual property. It prohibits NBC from claiming any ownership rights or attempting to register the licensed intellectual property under its name. 6. Consideration and Royalties: This provision addresses the financial arrangements between SBM and NBC. It defines the consideration, such as monetary payments or other compensatory means, for the licensing of the intellectual property. Additionally, it may outline any royalty or revenue-sharing arrangements between the parties. 7. Confidentiality and Non-Disclosure: The agreement includes a confidentiality clause whereby both parties agree to keep any confidential information received during the course of the agreement strictly confidential. This clause safeguards any proprietary information shared between SBM and NBC. Attachments: 1. Schedule of Licensed Intellectual Property: This attachment provides a comprehensive list of the specific intellectual property being licensed by SBM to NBC. It clarifies the scope of rights granted in relation to trademarks, copyrights, patents, or any other relevant intellectual property. 2. Payment Schedule: This attachment outlines the payment schedule for any consideration or royalties agreed upon. It describes the specific dates and amounts to be paid by NBC to SBM, ensuring transparency in financial transactions. 3. Renewal and Termination Provisions: This attachment covers the renewal and termination clauses of the agreement, including notice periods, conditions, and rights of termination for both SBM and NBC. It serves to provide a clear understanding of the options available to both parties in case of changing circumstances or contractual disputes. Types of Idaho License Agreements: 1. Trademark License Agreement: If the intellectual property being licensed primarily revolves around trademarks, this agreement focuses specifically on granting NBC the right to utilize SBM's trademarks within defined parameters. 2. Copyright License Agreement: If SBM possesses copyrighted material, this agreement concentrates on granting NBC the necessary authorization to use, reproduce, or modify the copyrighted content in compliance with copyright laws and regulations. 3. Patent License Agreement: In the event SBM owns any patents, this agreement centers around allowing NBC to utilize the patented technology under specified conditions and within agreed-upon limitations. Conclusion: The Idaho License Agreement between SBM and NBC sets forth the legal framework governing the licensing of intellectual property rights. It establishes the rights, obligations, and restrictions on NBC's usage of SBM's intellectual property, all while safeguarding both parties' interests. The included attachments help define the specific terms and conditions, giving further clarity to the agreement.