LICENSE AGREEMENT Prepared by Alex Abelian an individual by Chuma Holdings Inc., on December 22
LICENSE AGREEMENT
Prepared by Alex Abelian an individual by Chuma Holdings Inc., on December 22
2. Licensor is willing to grant to the Licensee a non-exclusive, non-transferable License to use the Asset for the term and specific purpose set forth in this Agreement, NOW, THEREFORE, in consideration of the foregoing, and of the mutual promises and undertakings contained herein, and other good and valuable consideration, the parties agree as follows:
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- SCHEDULE
1. DEFINITIONS.
2. LICENSE GRANT.
3. CHARGES.
4. LICENSEE’S OBLIGATIONS.
4.3 The Licensee will not distribute, sell, License or sub-License, let, trade or expose for sale
5. INTELLECTUAL PROPERTY RIGHTS.
6. LIMITATION OF LIABILITY.
7. CONFIDENTIALITY.
8. DISCLAIMERS & RELEASE.
8.3 Licensor will not be held liable by the Licensee in any way, for any loss, damage or injury
a. b.
9. INDEMNITY.
a. b.c.
10. WAIVER.
11. GOVERNING LAW.
12. TERMINATION.
a. b.c.
12.2 Termination under this clause shall not affect any other rights or remedies Licensor may have.
13. LICENSE FEE.
14. ASSIGNMENT.
14.1 Licensee shall not assign any rights of this License Agreement, without the prior written consent of Licensor.
15. NOTICES.
15.1 All notices required under this Agreement shall be in writing and shall be deemed given (i) when delivered personally; (ii) five (5) days after mailing, when sent certified mail, return receipt requested and postage prepaid; or (iii) one (1) business day after dispatch, when sent via a commercial overnight carrier, fees prepaid. All notices given by either Party must be sent to the address of the other as first written above (unless otherwise changed by written notice).
16. COUNTERPARTS.
16.1 This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which taken together shall constitute one instrument.
17. SEVERABILITY.
17.1 The Parties recognize the uncertainty of the law with respect to certain provisions of this Agreement and expressly stipulate that this Agreement will be construed in a manner that renders its provisions valid and enforceable to the maximum extent possible under applicable law. To the extent that any provisions of this Agreement are determined by a court of competent jurisdiction to be invalid or unenforceable, such provisions will be deleted from this Agreement or modified so as to make them enforceable and the validity and enforceability of the remainder of such provisions and of this Agreement will be unaffected.
18. ENTIRE AGREEMENT.
18.1 This Agreement contains the entire agreement between the Parties and supersedes any previous understanding, commitments or agreements, oral or written. Further, this Agreement may not be modified, changed, or otherwise altered in any respect except by a written agreement signed by both Parties.
an individual
CFO
19.
Bong City” in California.
4. Alex Abellan will have the right to sell exclusive products acquired by Chuma.
Bong City”. This is approved in Canada and the United States.
1. 4% royalty on all sales of products under the trademark “Bong City” in California by Chuma Holdings Inc.
