no. b-000119-c melinda matthews, individually ) in the district court ...

215
1 at 5:25.
2 (RECESS TAKEN FROM 5:25 TO 5:36.)
3 THE VIDEOGRAPHER: Back on the record,
4 the time is 5:36.
5 Q (By Mr. Lighty) Mr. Gappa, what is your
6 understanding of the terms of conditions for renewal
7 between ADQ and Golden Triangle Dairy Queen and
8 Mr. Bruce Allred under their licensing agreement?
9 MR. LAWDERMILK: Objection. Form.
10 A That the renewal occurs -- Well, what it says
11 is that the term of this agreement automatically
12 extends, but that - unless Bruce Allred gives 60-day
13 notice prior to its termination.
14 Q And what must occur in order for the licensing
15 agreement to automatically extend for a period of five
16 years?
17 A That all the -- It says that all the
18 undertakings and agreements required and the continued
19 payment of royalties happens.
20 Q Anything else?
21 A He could assign it to somebody else and that
22 ceases it, but if they don't, it just keeps going and
23 that seems to be all that it says here.
24 Q And if there is an assignment, does there have
25 to be any approval by anyone for that assignment?