BILINGUAL BIRDIES LICENSE AGREEMENT - Nieves Soto
BILINGUAL BIRDIES LICENSE 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 August 20, 2020, (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, LLC120 Wall Street, 18th Floor (NFTE) New York, New York, 10005Attn: 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
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
Name: Nieves Soto
Name:Nieves Soto Title: Licensee
The standard character mark “Bilingual Birdies”, registration no. 4977024, serial no. 86768971, registration date June 14, 2016, owned by Company.
Licensee shall pay no amount as an upfront fee for a one-year commitment. In the event that the upfront fee cannot be paid in full the Licensee has the option of paying the amount of One Thousand Two Hundred Dollars in monthly installments for a twenty-four-month commitment.
In addition, Licensee shall pay the following amounts:
NO FEE one-time certification/licensing fee shall be paid to Licensor.
Seventy five Dollar monthly licensing fee shall be paid from the August 20, 2020 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 $15 per month parent materials per enrolled family, or $60 for a four month semester. This fee is subject to increase. Licensor shall auto- charge monthly for the payment.
A 2% fee per transaction (charged by Sawyer the online booking platform) will be deducted from each sale.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.
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 LICENSE AGREEMENT - Nieves Soto
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