Illinois 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. Illinois License Agreement with attachments between Site-Based Media, Inc. and NBC Site Media, Inc. Introduction The Illinois License Agreement is a legally binding contract that outlines the terms and conditions regarding the licensing of intellectual property between Site-Based Media, Inc. (hereinafter referred to as "SBM") and NBC Site Media, Inc. (hereinafter referred to as "NBC"). 1. Purpose of the Agreement The parties involved in this agreement aim to grant NBC the rights to use SBM's intellectual property within the state of Illinois for specified purposes while outlining the obligations and restrictions of both parties. 2. License Grant SBM grants NBC a non-exclusive, non-transferable license to use its intellectual property within the geographic boundaries of Illinois. This license allows NBC to utilize the intellectual property for the distribution, display, and promotion of their media content. 3. Term and Termination The Illinois License Agreement remains in effect for a specified term, typically ranging from one to five years unless terminated earlier than specified within the agreement. Termination may occur due to breach of contract, expiration of the term, or mutual agreement between the parties. 4. Payment and Royalties NBC agrees to pay SBM a specified fee or royalty for the use of SBM's intellectual property. The payment terms, schedule, and calculation methods will be outlined in the agreement's attachments. 5. Restrictions and Obligations Both NBC and SBM agree to certain restrictions and obligations to protect each other's interests. These may include restrictions on sublicensing, modifications to the intellectual property, or disclosure of any confidential information shared between the parties. Attachments: 1. Intellectual Property Schedule: This attachment lists and describes the specific intellectual property licensed from SBM to NBC, including trademarks, copyrights, patents, or any other proprietary rights. 2. Financial Terms: This attachment outlines the details of payment terms, including the agreed-upon upfront fees, royalties, or revenue-sharing arrangements between the parties. 3. Scope of License: This attachment provides a detailed description of the permitted uses of the intellectual property, specifying whether it includes broadcasting, online streaming, promotional activities, etc. 4. Confidentiality Agreement: This attachment specifies the obligations and restrictions regarding the use, disclosure, and protection of any confidential information shared during the licensing process or throughout the agreement's duration. Types of Illinois License Agreement with attachments between Site-Based Media, Inc. and NBC Site Media, Inc.: 1. Trademark License Agreement: This type of agreement focuses specifically on the licensing of SBM's trademarks to NBC for use in Illinois. 2. Copyright License Agreement: This agreement grants NBC the rights to use SBM's copyrighted materials within Illinois, such as films, TV shows, or audio recordings. 3. Patent License Agreement: If SBM holds any patents, this agreement allows NBC to use and sublicense those patented technologies within the state of Illinois. 4. Multi-Year Licensing Agreement: This type of agreement spans multiple years, ensuring a longer-term partnership between SBM and NBC, enabling more extensive use of the licensed intellectual property. By entering into these Illinois License Agreements, Site-Based Media, Inc. and NBC Site Media, Inc. can establish a mutually beneficial relationship while ensuring protection of their respective rights and interests.

Illinois License Agreement with attachments between Site-Based Media, Inc. and NBC Site Media, Inc. Introduction The Illinois License Agreement is a legally binding contract that outlines the terms and conditions regarding the licensing of intellectual property between Site-Based Media, Inc. (hereinafter referred to as "SBM") and NBC Site Media, Inc. (hereinafter referred to as "NBC"). 1. Purpose of the Agreement The parties involved in this agreement aim to grant NBC the rights to use SBM's intellectual property within the state of Illinois for specified purposes while outlining the obligations and restrictions of both parties. 2. License Grant SBM grants NBC a non-exclusive, non-transferable license to use its intellectual property within the geographic boundaries of Illinois. This license allows NBC to utilize the intellectual property for the distribution, display, and promotion of their media content. 3. Term and Termination The Illinois License Agreement remains in effect for a specified term, typically ranging from one to five years unless terminated earlier than specified within the agreement. Termination may occur due to breach of contract, expiration of the term, or mutual agreement between the parties. 4. Payment and Royalties NBC agrees to pay SBM a specified fee or royalty for the use of SBM's intellectual property. The payment terms, schedule, and calculation methods will be outlined in the agreement's attachments. 5. Restrictions and Obligations Both NBC and SBM agree to certain restrictions and obligations to protect each other's interests. These may include restrictions on sublicensing, modifications to the intellectual property, or disclosure of any confidential information shared between the parties. Attachments: 1. Intellectual Property Schedule: This attachment lists and describes the specific intellectual property licensed from SBM to NBC, including trademarks, copyrights, patents, or any other proprietary rights. 2. Financial Terms: This attachment outlines the details of payment terms, including the agreed-upon upfront fees, royalties, or revenue-sharing arrangements between the parties. 3. Scope of License: This attachment provides a detailed description of the permitted uses of the intellectual property, specifying whether it includes broadcasting, online streaming, promotional activities, etc. 4. Confidentiality Agreement: This attachment specifies the obligations and restrictions regarding the use, disclosure, and protection of any confidential information shared during the licensing process or throughout the agreement's duration. Types of Illinois License Agreement with attachments between Site-Based Media, Inc. and NBC Site Media, Inc.: 1. Trademark License Agreement: This type of agreement focuses specifically on the licensing of SBM's trademarks to NBC for use in Illinois. 2. Copyright License Agreement: This agreement grants NBC the rights to use SBM's copyrighted materials within Illinois, such as films, TV shows, or audio recordings. 3. Patent License Agreement: If SBM holds any patents, this agreement allows NBC to use and sublicense those patented technologies within the state of Illinois. 4. Multi-Year Licensing Agreement: This type of agreement spans multiple years, ensuring a longer-term partnership between SBM and NBC, enabling more extensive use of the licensed intellectual property. By entering into these Illinois License Agreements, Site-Based Media, Inc. and NBC Site Media, Inc. can establish a mutually beneficial relationship while ensuring protection of their respective rights and interests.