Title: Overview of Wisconsin License Agreement between Site-Based Media, Inc. and NBC Site Media, Inc. Introduction: The Wisconsin License Agreement serves as a legally binding contract between Site-Based Media, Inc. (hereinafter referred to as "Licensor") and NBC Site Media, Inc. (hereinafter referred to as "Licensee"). This agreement outlines the terms and conditions under which Licensor grants Licensee the rights to use certain intellectual property, trademarks, or proprietary materials in Wisconsin. Types of Wisconsin License Agreement: 1. Trademark License Agreement: The Trademark License Agreement is a type of license agreement wherein Licensor grants Licensee the rights to use specific trademarks for the purposes defined in the agreement. The attached exhibit includes a comprehensive list of the trademarks covered under this agreement. 2. Intellectual Property License Agreement: The Intellectual Property License Agreement permits Licensee to use certain intellectual property owned by Licensor. The attached exhibit specifies the intellectual property, copyrights, or patents included in this license. 3. Content License Agreement: The Content License Agreement allows Licensee to access and use specific content owned or controlled by Licensor. This agreement may include provisions related to the type of content, usage restrictions, and distribution rules. The exhibit attached details the specific content covered under this license. Key Elements of Wisconsin License Agreement: 1. Grant of License: The agreement explicitly outlines the scope and limitations of the license, specifying the rights granted to Licensee for the use of Licensor's intellectual property, trademarks, or content in Wisconsin. 2. Term and Termination: This section defines the duration of the agreement and outlines the circumstances under which either party can terminate the license. It may include provisions related to notice periods, renewals, and termination fees. 3. License Fees and Royalties: The agreement establishes the financial terms, including any upfront fees, royalties, or revenue-sharing arrangements payable by Licensee to Licensor. The attached exhibit provides specific details regarding the fees and royalties for each license agreement type. 4. Usage Restrictions: This section outlines the limitations and restrictions on Licensee's use of the licensed material. It may include guidelines on the permitted territory, exclusivity, quality control, and any other restrictions agreed upon by both parties. 5. Intellectual Property Rights and Indemnification: The License Agreement should address the ownership and protection of intellectual property rights, including provisions for Licensee to indemnify Licensor against any infringement claims arising from the licensed material's use. Conclusion: The Wisconsin License Agreement between Site-Based Media, Inc. and NBC Site Media, Inc. establishes a comprehensive framework governing the rights and obligations of both parties. The agreement covers various types of licenses like Trademark License Agreement, Intellectual Property License Agreement, and Content License Agreement, each with its respective attachments and exhibits providing specific details. With this agreement in place, both parties can ensure a mutually beneficial relationship and protect their intellectual property rights in the state of Wisconsin.
Title: Overview of Wisconsin License Agreement between Site-Based Media, Inc. and NBC Site Media, Inc. Introduction: The Wisconsin License Agreement serves as a legally binding contract between Site-Based Media, Inc. (hereinafter referred to as "Licensor") and NBC Site Media, Inc. (hereinafter referred to as "Licensee"). This agreement outlines the terms and conditions under which Licensor grants Licensee the rights to use certain intellectual property, trademarks, or proprietary materials in Wisconsin. Types of Wisconsin License Agreement: 1. Trademark License Agreement: The Trademark License Agreement is a type of license agreement wherein Licensor grants Licensee the rights to use specific trademarks for the purposes defined in the agreement. The attached exhibit includes a comprehensive list of the trademarks covered under this agreement. 2. Intellectual Property License Agreement: The Intellectual Property License Agreement permits Licensee to use certain intellectual property owned by Licensor. The attached exhibit specifies the intellectual property, copyrights, or patents included in this license. 3. Content License Agreement: The Content License Agreement allows Licensee to access and use specific content owned or controlled by Licensor. This agreement may include provisions related to the type of content, usage restrictions, and distribution rules. The exhibit attached details the specific content covered under this license. Key Elements of Wisconsin License Agreement: 1. Grant of License: The agreement explicitly outlines the scope and limitations of the license, specifying the rights granted to Licensee for the use of Licensor's intellectual property, trademarks, or content in Wisconsin. 2. Term and Termination: This section defines the duration of the agreement and outlines the circumstances under which either party can terminate the license. It may include provisions related to notice periods, renewals, and termination fees. 3. License Fees and Royalties: The agreement establishes the financial terms, including any upfront fees, royalties, or revenue-sharing arrangements payable by Licensee to Licensor. The attached exhibit provides specific details regarding the fees and royalties for each license agreement type. 4. Usage Restrictions: This section outlines the limitations and restrictions on Licensee's use of the licensed material. It may include guidelines on the permitted territory, exclusivity, quality control, and any other restrictions agreed upon by both parties. 5. Intellectual Property Rights and Indemnification: The License Agreement should address the ownership and protection of intellectual property rights, including provisions for Licensee to indemnify Licensor against any infringement claims arising from the licensed material's use. Conclusion: The Wisconsin License Agreement between Site-Based Media, Inc. and NBC Site Media, Inc. establishes a comprehensive framework governing the rights and obligations of both parties. The agreement covers various types of licenses like Trademark License Agreement, Intellectual Property License Agreement, and Content License Agreement, each with its respective attachments and exhibits providing specific details. With this agreement in place, both parties can ensure a mutually beneficial relationship and protect their intellectual property rights in the state of Wisconsin.
