50 of the Top 250 law firms use our Products every day
TEKNIK-POWERGRID JV LICENSE
AGREEMENT
AGREEMENT made as
of August 1, 2006 between Powergrid Fitness, Inc.
(“Powergrid”), whose address is 8681 Cherry Lane,
Laurel, Maryland 20707 and Teknik-Powergrid, JV, LLC.
(“JV”) whose address is 36889 N. Tom Darlington Drive,
Suite B6-314, PO Box 2800-314, Carefree, Arizona 85377
Attention: John Ward,
Powergrid and
JV agree as follows:
1. Grant of
Rights : Powergrid grants to JV an exclusive license to
develop, manufacture and distribute the consumer game controller
concept, product, design, and invention currently known as
Exer-station throughout the “Territory” during the
“term” as provided in this Agreement
(“Agreement”).
2.
Exclusivity : The rights granted to JV herein are granted on
an Exclusive basis.
3. Property
and Trademarks : The title, names, logos, trademarks, art work,
photographs of and associated with the Powergrid Fitness Product
line and the related marks and design.
4.
Products : Powergrid Fitness consumer game controller
products which utilize isometric muscle contractions to control the
game — the invention currently known as Exer-station. The JV
shall
|
