LICENSE AGREEMENT
THIS AGREEMENT, made and entered into on this 7th day September, 2002 by and between Mr. Gil-Dong Hong, the president of ABC Company, having its main office and place of business at (주소기재) (hereinafter referred to as Licensor) and Mr. Nakamura, a Japanese having his main office and place of business at (주소기재) (hereinafter referred to as Licensee).
WITNESSETH:
WHEREAS, Licensor has developed fusion pants underwear and applied or obtained the patent protections thereof in many countries, including Japan;
WHEREAS, Licensor has the right to and is willing to grant a license to use Licensor Technology or Industrial Property Rights in connection with the so developed fusion pants underwear (hereinafter referred to as the Licensed Products); and
NOW, THEREFORE, in consideration of premises and covenants hereinafter set forth, the parties hereto agree as follows,
Article 1. Definitions
As used in this Agreement, the following terms have the following meanings respectively;
1.1 Contract Territory means the territory subject to the Government of Japan.
1.2 Effective Date is the date as set forth in the preamble hereof.
1.3 Industrial Property Rights means any or all rights under patents, utility models and application therefor presently owned or hereafter acquired by Licensor in relation to Licensor Technology.
1.4 License Period is the period stated in Article 8.1
1.5 Licensed Products mean the Licensed Products to be sold or distributed by Licensee and made utilizing Industrial Property Rights and Technical Information furnished by Licensor.
1.6 Licensed Trademarks shall mean the trademarks which are specified in Appendix () hereto.
1.7 Licensor Technology means the Licensor technology for the fusion pants underwear.
1.8 Technical Information means all the technical knowledge, know-how, standard calculations, data and information developed or otherwise generally used by Licensor pertaining to Licensor Technology.
Article 2. Grant of License
2.1 Licensor hereby grants to Licensee a right to develop, use and sell in the Contract Territory the Licensed Products using the Industrial Property Rights and Technical Information furnished by Licensor under the Licensed Trademarks during the License Period.
2.2 Licensee may not grant any sub-license of the rights granted to it under this Article without the prior written approval of Licensor. It is expressly understood that XYZ Company having its office at (주소기재) (the Manufacturer) will be in charge of manufacturing the Licensed Products only for the purpose of this Agreement. |
2008.04.18
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