Action Target Dealer License Agreement
Action Target Dealer License Agreement
Action Target Dealer License Agreement
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Licensor. Licensor has expended and will continue to expend substantial resources to promote and protect<br />
the ATI Trademarks.<br />
B. <strong>License</strong>e desires to use the ATI Trademarks and benefit from the goodwill associated with said marks in<br />
connection with the distribution and marketing of ATI's products, in internet domain names, on internet<br />
websites, as key words or meta tags associated with such web sites.<br />
C. Licensor is willing to grant to <strong>License</strong>e the right to use the ATI Trademarks in connection with such<br />
products and in the manner described above and as described in the executed Domestic <strong>Dealer</strong> <strong>Agreement</strong><br />
incorporated herein.<br />
<strong>Agreement</strong><br />
NOW THEREFORE, in consideration of the above promises and the mutual promises and covenants herein<br />
contained and contained in the executed Domestic <strong>Dealer</strong> <strong>Agreement</strong>, and other good and valuable<br />
consideration, the receipt and sufficiency of which are hereby acknowledged by both parties, the parties<br />
hereto agree as follows:<br />
1.0 DEFINITIONS<br />
1.1 "ATI Trademarks" means the "PT &AT" trademark and logo by convention and all other trademarks<br />
attached hereto.<br />
1.2 "Term" means the term of this <strong>License</strong> as specified in Section 7.1.<br />
1.3 "Territory" means the geographic territory in which this <strong>License</strong> is applicable, which is worldwide.<br />
2.0 LICENSE GRANTED<br />
2.1 <strong>License</strong> Grant. Subject to the terms and conditions of this <strong>License</strong>, Licensor grants to <strong>License</strong>e a<br />
worldwide, non-exclusive, non-transferable, royalty bearing, personal license to:<br />
a. ATI Trademarks: use the ATI Trademarks "PT & AT®" as part of internet uniform resource locators,<br />
internet domain name(s), on internet website(s), or as key words or meta tags associated with such internet<br />
website(s);<br />
b. <strong>License</strong>e is granted no other right, title, interest in or license to the ATI Trademarks "PT & AT", or any<br />
other trademark owned by Licensor for any purpose, and is specifically granted no right to sublicense the<br />
ATI Trademarks(s), or any of them, or any of Licensor's other trademarks.<br />
c. <strong>License</strong>e's right to use "PT & AT ," or any other trademark owned by Licensor is limited to marketing<br />
"PT & AT" products.<br />
d. <strong>License</strong>e acknowledges the presumptive validity and scope of each of the ATI Trademarks.<br />
2.2 Ownership of ATI Trademark(s). <strong>License</strong>e acknowledges and agrees that Licensor is the sole owner<br />
worldwide of the ATI Trademark(s) and all associated goodwill. <strong>License</strong>e shall not: (i) do anything that<br />
might harm the reputation or goodwill of the ATI Trademark(s), or any other trademark containing the term<br />
"PT & AT," or any mark or logo substantially similar thereto; (ii) take any action inconsistent with<br />
Licensor's ownership of the ATI Trademark "PT & AT" or any mark or logo substantially similar thereto;<br />
or (iii) challenge Licensor's rights in or attempt to register the ATI Trademark “PT & AT" or any mark or<br />
logo substantially similar thereto. <strong>License</strong>e's use of the ATI Trademark(s) inures solely to Licensor's<br />
benefit. If at any time, <strong>License</strong>e acquires any rights in, or trademark registrations or applications for any<br />
ATI Trademarks by operation of law or otherwise, in any country or jurisdiction, <strong>License</strong>e will<br />
immediately notify Licensor and, upon request by Licensor, and at no expense to Licensor, assign such<br />
rights, registrations, or applications to Licensor, along with any and all associated goodwill.<br />
2.3 Further Assurances. <strong>License</strong>e shall assist Licensor to the extent reasonably necessary to protect and<br />
maintain the ATI Trademark(s) worldwide, including, but not limited to, giving prompt notice to Licensor<br />
of any known or potential infringement of the ATI Trademark(s), and cooperating with Licensor in<br />
preparing and executing any documents necessary to register the ATI Trademark(s), or to record this<br />
trademark license, or any other document concerning the license grant, as may be required by the laws or<br />
rules of any country or jurisdiction. In its sole discretion, Licensor may commence, prosecute or defend any<br />
action or claim concerning the ATI Trademark(s). Licensor shall have the right to control any such<br />
litigation, and <strong>License</strong>e shall fully cooperate with Licensor in any such litigation, including the satisfaction