BILINGUAL BIRDIES & KINDERMUSIK SUB-LICENSE TEACHER AGREEMENT
KINDERMUSIK / BILINGUAL BIRDIESSUB-LICENSE TEACHER AGREEMENT
This revocable Sub-license Agreement (“Agreement”) is entered into between Bilingual Birdies, LLC, a New York limited liability company (“Bilingual Birdies”), and the undersigned (“Sub-licensee” and together with and 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 and Bilingual Birdies for purposes of becoming an instructor of the program initiated by Bilingual Birdies and following review thereof Bilingual Birdies has approved the Application.
IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first written above.
Name of Licensed Company:
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.
SCHEDULE BPayment Schedule
Company Licensee shall pay the amount of one hundred and sixty-seven dollars [$167.00] as an upfront fee for a one-year commitment for any additional teacher to be trained and receive classroom materials.
In addition, Company Licensee shall pay the following amounts for their licensed teacher:
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: BILINGUAL BIRDIES & KINDERMUSIK SUB-LICENSE TEACHER AGREEMENT
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