BirdKit KI Business Owner Licensing Agreement
BIRDKIT KI BUSINESS OWNER LICENSING AGREEMENT
This License Agreement (“Agreement”) is entered into between Bilingual Birdies, LLC, a New York limited liability company (“Bilingual Birdies”), and the undersigned licensee (“Licensee”, and together with Bilingual Birdies, each a “Party” and collectively the “Parties”), and is effective as of (the “Effective Date”).
WHEREAS, Bilingual Birdies owns certain intellectual property to be used in connection with educational services in the field of foreign languages;
WHEREAS, Licensee has submitted a completed Application to Bilingual Birdies for purposes of becoming an instructor and licensee of Bilingual Birdies and following review thereof Bilingual Birdies has approved the Application; and
NOW, THEREFORE, in consideration of the foregoing, the mutual promises set forth below, the Parties agree as follows.
Bilingual Birdies, LLC23830 Archwood Street. West Hills, CA 91307Attn: Sarah FarzamPhone: (646) 443-1313Email: firstname.lastname@example.org
With a copy to:
Drohan Lee LLP575 Madison AvenueNew York, New York 10022 Attn: Vivian R. Drohan
Phone: (212) 710-0004 Email: email@example.com
2. if to Licensee, to the Licensee address and contact information set forth in the Application.
IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first written above.
BILINGUAL BIRDIES, LLC
By:Name: Sarah FarzamTitle: Chief Executive Officer
The standard character mark “Bilingual Birdies”, registration no. 4977024, serial no. 86768971, registration date June 14, 2016, owned by Company.
Licensee shall pay the amount of Four Hundred Ninety-Seven [$497.00] as an upfront fee for a one-year commitment.
In addition, Licensee shall pay the following amounts:
Four Hundred Ninety-Seven [$497] one-time certification/licensing fee shall be paid to Licensor.
Ten Dollar [$10] monthly licensing fee shall be paid from the start of the effective date through the date of termination of this Agreement.
Licensee shall require each parent who signs up for the program whether through caregiver-and-child classes or children who benefit from the program through school partnerships the to purchase a fifteen dollar [$15] per month parent materials per enrolled family, or sixty [$60] for a four month semester. This fee is subject to increase. Licensor shall auto-charge monthly for the payment.
Fee for training additional teachers is four hundred and ninety seven dollars [$497] which includes online training and one classroom kit of materials, plus an additional $10 per month per teacher licensing fee. For training only the fee is one hundred and sixty seven dollars [$167] per teacher, plus an additional $10 per month per teacher licensing fee. The fee for purchasing an additional classroom kit only is three hundred and thirty dollars [$330] per kit.
In the event a payment due under this Agreement are not received by Bilingual Birdies (or designee thereof) by the due date, Licensee shall pay to Bilingual Birdies interest of 10% on the overdue payment from the date such payment was due to the date of actual payment at the rate set or if lower, the maximum amount permitted under applicable Law.
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Document Name: BirdKit KI Business Owner Licensing Agreement
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