FORM OF INTELLECTUAL PROPERTY LICENSE AGREEMENT
This BRAND LICENSE AGREEMENT (this “Agreement”) is entered into as of August 3, 2021 (the “Effective Date”) by and between the TWGGA Foundation (“Licensor”) and (the “Licensee”).
WHEREAS, Licensor is the owner of the name and mark (“Texas Wine, Texas Bold”) and other intellectual property and proprietary materials that together constitute the brand image by which Licensor is known to the public. Licensor’s intellectual property and proprietary materials, include, but are not limited to: Licensor’s product names, service marks, tag lines and descriptors, domain names, designs, typography, color palettes, and copyrightable works, including but not limited to content of its internet sites, stationery, signage, promotional items, advertising and marketing materials, events, awards, press releases, presentations, photographs, videos, forms, and electronic media as it relates to Licensor and its Affiliates (the name and mark “Texas Wine, Texas Bold” and the other intellectual property and proprietary materials which together constitute the brand image and language by which Licensor is known to the public are herein collectively referred to as the “IP Rights”); and
WHEREAS, the Licensee wishes to obtain a non-exclusive license to use the IP Rights, and Licensor is willing to grant to Licensee a non-exclusive license to use the IP Rights, including, without limitation, the Marks for such purpose, provided that the Licensee agrees to with the terms and conditions of this Agreement.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows:
1. LICENSE GRANT TO IP RIGHTS
2. QUALITY CONTROL
Licensor and Licensee acknowledge and agree that Licensee shall be responsible for any violation of or failure to comply with the Policies & Standards by any employee, manager, executive, director, contractor or other agent of Licensee.
IN WITNESS WHEREOF, the parties have executed and delivered this Agreement effective as of the date first written above.
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Signed by Sabrina Amaya
Signed On: February 28, 2021
If you have questions about the contents of this document, you can email the document owner.
Document Name: FORM OF INTELLECTUAL PROPERTY LICENSE AGREEMENT
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