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Form #1444LICENSE CONTRACT BETWEEN CORPORATIONS
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LICENSE CONTRACT BETWEEN CORPORATIONS
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License contract between
corporations.
Agreement made at the City of _________, State of
_________, the _________ day of _________, _________[year], between the
N Company, a _________ corporation, referred to as N, and the A Company, a
_________ corporation, referred to as A, provides that:
A proposes to enter into the _________ business in the
City of _________ and is desirous of acquiring an adequate and proper system
for the conduct of that business.
N, under the terms and provisions of a certain
contract in writing of _________[date], acquired from the L Company of
_________, a _________ corporation, a license to use _________ system, and the
right to license other persons, firms or corporations to use the same
exclusively in restricted districts in certain cities in the United States, and
to use the name "_________," and all plans, designs, forms, working
sheets and data used by the L Company of _________ in the establishment and
operation of _________ companies such as have used the _________ system in
_________, together with all improvements and additions.
The City of _________, is one of the cities selected
by N for the establishment and operation of such a _________ company.
A desires to acquire from N the exclusive right to use
the _________ system in the City of _________.
A has been organized with provisions in its charter
whereby the total number of shares that may be issued by the corporation is
_________, of which _________ shares of the par value of $_____ per share
amounting in the aggregate to $_____ shall be _________ percent preferred stock
and $_____ common which shares are without nominal or par value, and may be
issued by the corporation from time to time for such consideration as may be
fixed by the board of directors but which is intended to be sold at $_____ per
share.
In consideration of the mutual undertakings and
agreements of the parties, it is agreed as follows:
1. N agrees to and does grant to A an exclusive and
perpetual franchise for the City of _________, for the use of _________ system,
including all appurtenances, as it is authorized to do by and under the terms
of the contract of _________[date], with the L Company of _________, and
in that connection, to give to A the advantage of counsel and advice, and to
provide A with weekly statement or monthly report forms.
2. A agrees to accept and does accept the exclusive
franchise for the use of _________ system, together with all appurtenances, and
agrees to use it exclusively in the operation of a _________ company in the
City of _________, and in the conduct of its business it agrees to conform to
the system, and in so doing from time to time to advise and consult with N or
its duly authorized representative; and agrees that when ready to open for
business it will pay to N $_____, being consideration for services rendered and
to be rendered, and the granting of the franchise. A agrees to have made an
audit of its business by a firm of certified public accountants, to be agreed
upon, quarterly, if considered practical and economical, but in no event less
than immediately after the close of each fiscal year, and to furnish N a copy
of any and all audits. A also agrees to systematically use the system of report
forms furnished by N, and to send them promptly to N for consideration and
advice by N.
3. N will pay all the expenses of the incorporation of
A. N agrees to select a manager for the business of A, subject to the approval
of the board of directors of A. N will consult with the board in the matter of
the location for the business and purchase of fixtures, the execution of a
proper lease for the premises to be occupied, and all details necessary to the
establishment of the business ready for operation. N will also furnish all
necessary forms to install the _________ system with which to conduct the
business; furnish all necessary advisory service through a service technician
to be employed and paid by N. This technician, in addition to teaching the
employees of A the mechanics of the business under _________ system, will call
upon _________ persons in the City of _________ to acquaint them with the
advantages they may secure by availing themselves of the service of A; furnish
a copy of the customary advertising program in connection with _________; and
complete a business structure for A with a view of obtaining subordinate or
subsidiary capital at favorable rates.
A further agrees that N shall be granted the right to
have one representative on the board of A.
4. This agreement includes within it the entire
agreement between the parties to, and no addition or modification shall be
binding upon either party, unless the addition or modification is in writing
signed by the parties and attached as a rider.
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regading how we deal with your email. We pledge that we will:
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Terms Of Use
Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
Close
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Keywords: LICENSE CONTRACT BETWEEN CORPORATIONS
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