Virgin Islands License Agreement with attachments between Site-Based Media, Inc., and On Site Media, Inc.

• Category: Corporations - Mergers and Acquisitions
• State: Multi-State
• Control #: US-CC-12-2243
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. Virgin Islands License Agreement between Site-Based Media, Inc., and On Site Media, Inc. Introduction: This Virgin Islands License Agreement (hereinafter referred to as "Agreement") is entered into between Site-Based Media, Inc. (hereinafter referred to as "Licensor") and On Site Media, Inc. (hereinafter referred to as "Licensee"). This Agreement outlines the terms and conditions under which Licensor grants Licensee the license to use specific intellectual property, trademarks, or proprietary rights in the Virgin Islands. 1. Parties: This section defines the parties involved: Licensor, the entity granting the license, and Licensee, the entity receiving the license. 2. Background: In this section, the Agreement outlines the background and purpose of the License Agreement between Site-Based Media, Inc., and On Site Media, Inc. It explains the intellectual property or proprietary rights that are subject to the license. 3. Grant of License: Specifies the specific rights and scope of the license granted by Licensor to Licensee. It may include details about the duration of the license, territories covered, and any exclusivity or restrictions. 4. Licensee's Obligations: This section outlines the obligations and responsibilities of the Licensee, including compliance with local laws, payment of royalties or licensing fees, and any reporting or record-keeping requirements. 5. Licensor's Obligations: Specifies the obligations and responsibilities of the Licensor, including providing access to the licensed intellectual property or proprietary rights, assisting in registration or trademark filings, and maintaining the validity of the licensed rights. 6. Term and Termination: Details the duration of the Agreement and the conditions under which it may be terminated, including provisions for early termination or renewal. 7. Confidentiality: Addresses the confidentiality of information exchanged between the parties during the course of the Agreement, including trade secrets, financial data, and other sensitive information. 8. Intellectual Property Rights and Ownership: Defines the ownership and protection of intellectual property rights associated with the licensed property. It may also outline any limitations on modifications or alterations to the licensed property. 9. Assignment: States whether either party is allowed to assign or transfer their rights and obligations under the Agreement to a third party. 10. Governing Law and Jurisdiction: Specifies the laws and jurisdiction that govern the Agreement, such as the laws of the Virgin Islands. Attachments: 1. Exhibit A: Schedule of Licensed Intellectual Property: This attachment provides a detailed schedule of the specific intellectual property, trademarks, or proprietary rights covered by the License Agreement. 2. Exhibit B: Royalty Payment Schedule: This attachment outlines the payment terms, including the amount, frequency, and acceptable payment methods for royalties or licensing fees. 3. Exhibit C: Confidentiality Agreement: An additional document outlining the specific terms and conditions for maintaining the confidentiality of proprietary information shared between the parties. Different Types of Virgin Islands License Agreement: 1. Exclusive License Agreement: This type of Agreement grants Licensee exclusive rights to use the licensed intellectual property or proprietary rights within the designated territory, limiting the Licensor from granting similar licenses to others. 2. Non-Exclusive License Agreement: A non-exclusive license grants Licensee the rights to use the intellectual property or proprietary rights, but the Licensor can also grant licenses to other parties. 3. Limited Term License Agreement: This Agreement specifies a fixed duration for the license, after which the rights revert to the Licensor or are subject to renewal negotiations. 4. Perpetual License Agreement: This type of Agreement grants Licensee the rights to use the licensed intellectual property or proprietary rights indefinitely, typically with no fixed termination date.

Virgin Islands License Agreement between Site-Based Media, Inc., and On Site Media, Inc. Introduction: This Virgin Islands License Agreement (hereinafter referred to as "Agreement") is entered into between Site-Based Media, Inc. (hereinafter referred to as "Licensor") and On Site Media, Inc. (hereinafter referred to as "Licensee"). This Agreement outlines the terms and conditions under which Licensor grants Licensee the license to use specific intellectual property, trademarks, or proprietary rights in the Virgin Islands. 1. Parties: This section defines the parties involved: Licensor, the entity granting the license, and Licensee, the entity receiving the license. 2. Background: In this section, the Agreement outlines the background and purpose of the License Agreement between Site-Based Media, Inc., and On Site Media, Inc. It explains the intellectual property or proprietary rights that are subject to the license. 3. Grant of License: Specifies the specific rights and scope of the license granted by Licensor to Licensee. It may include details about the duration of the license, territories covered, and any exclusivity or restrictions. 4. Licensee's Obligations: This section outlines the obligations and responsibilities of the Licensee, including compliance with local laws, payment of royalties or licensing fees, and any reporting or record-keeping requirements. 5. Licensor's Obligations: Specifies the obligations and responsibilities of the Licensor, including providing access to the licensed intellectual property or proprietary rights, assisting in registration or trademark filings, and maintaining the validity of the licensed rights. 6. Term and Termination: Details the duration of the Agreement and the conditions under which it may be terminated, including provisions for early termination or renewal. 7. Confidentiality: Addresses the confidentiality of information exchanged between the parties during the course of the Agreement, including trade secrets, financial data, and other sensitive information. 8. Intellectual Property Rights and Ownership: Defines the ownership and protection of intellectual property rights associated with the licensed property. It may also outline any limitations on modifications or alterations to the licensed property. 9. Assignment: States whether either party is allowed to assign or transfer their rights and obligations under the Agreement to a third party. 10. Governing Law and Jurisdiction: Specifies the laws and jurisdiction that govern the Agreement, such as the laws of the Virgin Islands. Attachments: 1. Exhibit A: Schedule of Licensed Intellectual Property: This attachment provides a detailed schedule of the specific intellectual property, trademarks, or proprietary rights covered by the License Agreement. 2. Exhibit B: Royalty Payment Schedule: This attachment outlines the payment terms, including the amount, frequency, and acceptable payment methods for royalties or licensing fees. 3. Exhibit C: Confidentiality Agreement: An additional document outlining the specific terms and conditions for maintaining the confidentiality of proprietary information shared between the parties. Different Types of Virgin Islands License Agreement: 1. Exclusive License Agreement: This type of Agreement grants Licensee exclusive rights to use the licensed intellectual property or proprietary rights within the designated territory, limiting the Licensor from granting similar licenses to others. 2. Non-Exclusive License Agreement: A non-exclusive license grants Licensee the rights to use the intellectual property or proprietary rights, but the Licensor can also grant licenses to other parties. 3. Limited Term License Agreement: This Agreement specifies a fixed duration for the license, after which the rights revert to the Licensor or are subject to renewal negotiations. 4. Perpetual License Agreement: This type of Agreement grants Licensee the rights to use the licensed intellectual property or proprietary rights indefinitely, typically with no fixed termination date.