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2008-090 Resolution
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2008-090 Resolution
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Last modified
1/9/2014 4:05:49 PM
Creation date
12/30/2013 8:47:55 AM
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North Olmsted Legislation
Legislation Number
2008-090
Legislation Date
6/18/2008
Year
2008
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10. LICENSOR shall at all times remain the owner of any and all of the LICENSED <br />PROPERTY created by LICENSOR and used by MATTEL in connection with the LICENSED <br />PRODUCTS. MATTEL shall own all intellectual property rights embodied in the LICENSED <br />PRODUCTS excluding the LICENSED PROPERTY. <br />11. MATTEL agrees to affix a legal notice on the packaging and other materials that <br />incorporate the LICENSED PROPERTY in order to denote LICENSOR's trademark and/or copyright in <br />materials that incorporate the LICENSED PROPERTY. The legal notice when used on the LICENSED <br />PRODUCTS may be abbreviated in accordance with legal requirements and as space permits. Subject to <br />LICENSOR's exclusive rights to the LICENSED PROPERTY, MATTEL is expressly permitted to apply <br />to the LICENSED PRODUCTS any trademarks, artwork and designs that it selects and to apply <br />appropriate patent, trademark and/or copyright notices. All such trademark and copyright notices shall be <br />in the name of MATTEL, subject to the LICENSOR's exclusive rights to the LICENSED PROPERTY. <br />12. LICENSOR represents and warrants to MATTEL that it is the sole owner of the <br />LICENSED PROPERTY and that it has the full power and authority to enter into this Agreement. <br />LICENSOR agrees to indemnify MATTEL against any loss and expense including its reasonable <br />attorneys' fees arising out of any claims, demands, or actions that may be instituted against MATTEL <br />by reason of any claim of a superior right to any element of the LICENSED PROPERTY. <br />13. MATTEL agrees to indemnify LICENSOR against all third party claims arising out of <br />its marketing or sale of the LICENSED PRODUCTS, including cla.ims for personal injury, except that <br />LICENSOR shall be solely responsible for any claims based upon use of the LICENSED PROPERTY <br />as permitted by this Agreement. MATTEL shall have the right to control the defense and settlement of <br />any such third party claims. <br />14. Either party may terminate this Agreement in the event that the other party rnaterially <br />breaches the terms of this Agreement or any of the warranties or representations made herein, provided <br />that the non-breaching party provides the breaching party with written notice of such default and sixty <br />(60) days within which to remove or cure such default. If there is no removal or cure of the default <br />within such period, the Agreement may then be immediately terminated by the non-breaching party. <br />15. Upon expiration or earlier termination of this Agreement, MATTEL agrees to <br />discontinue all use of the LICENSED PROPERTY, except that MATTEL shall continue to have the <br />right to sell off all existing inventory bearing the LICENSED PROPERTY, whether completed or in <br />the process of manufacture, for a period of six (6) months after expiration or early termination, <br />16. All notices wherever required in this Agreement shall be in writing and sent by <br />facsimile, certified mail or overnight delivery and shall be deemed given when sent or mailed. <br />17. If any provisions of this Agreement are for any reason declared to be invalid, the <br />validity of the remaining provisions shall not be affected thereby. <br />18. This Agreement and each and every one of its provisions shall be interpreted under the <br />laws of the State of California. <br />3
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