Professional Documents
Culture Documents
Small Business
Ultimate
Legal Forms
Ki
t
thevisionpreneur
@thevisionpreneur
NON- DISCLOSURE AGREEMENT
I. THE PARTIES. This Non-Disclosure Agreement, hereinafter known as the
“Agreement”, created on the _ day of _ , 20_ is by and between
st
_, hereinafter known as “1 Party”, and
_, hereinafter known as “2nd Party”, and collectively known
as the “Parties”.
WHEREAS, this Agreement is created for the purpose of preventing the unauthorized
disclosure of the confidential and proprietary information. The Parties agree as follows:
☐ - Unilateral – This Agreement shall be Unilateral, whereas, 1st Party shall have sole
ownership of the Confidential Information with 2nd Party being prohibited from disclosing
confidential and proprietary information that is to be released by the 1st Party.
☐ - Mutual – This Agreement shall be Mutual, whereas, the Parties shall be prohibited
from disclosing confidential and proprietary information that is to be shared between
one another.
IV. DEFINITION. For the purposes of this Agreement, the term “Confidential Information”
shall include, but not be limited to, documents, records, information and data (whether
verbal, electronic or written), drawings, models, apparatus, sketches, designs, schedules,
product plans, marketing plans, technical procedures, manufacturing processes, analyses,
compilations, studies, software, prototypes, samples, formulas, methodologies,
formulations, product developments, patent applications, know-how, experimental results,
specifications and other business information, relating to the Party’s business, assets,
operations or contracts, furnished to the other Party and/or the other Party’s affiliates,
employees, officers, owners, agents, consultants or representatives, in the course of their
work contemplated in this Agreement, regardless of whether such Confidential Information
has been expressly designated as confidential or proprietary. Confidential Information also
includes any and all, work products, studies and other material prepared by or in the
possession or control of the other Party, which contain, include, refer to or otherwise
reflect or are generated from any Confidential Information.
V. OBLIGATIONS. The obligations of the Parties shall be to hold and maintain the
Confidential Information in the strictest of confidence at all times and to their
agents,
employees, representatives, affiliates, and any other individual or entity that is on a “need
to know” basis. If any such Confidential Information shall reach a third (3rd) party, or
become public, all liability will be on the Party that is responsible. Neither Party shall,
without the written approval of the other Party, publish, copy, or use the Confidential
Information for their sole benefit. If requested, either Party shall be bound to return any and
all materials to the Requesting Party within _ _ days.
This Section shall not apply to the 1st Party if this Agreement is Unilateral as marked in
Section II.
VI. TIME PERIOD. The bounded Party’s(ies’) duty to hold the Confidential Information in
confidence shall remain in effect until such information no longer qualifies as a trade
secret or written notice is given releasing such Party from this Agreement.
VIII. SEVERABILITY. If a court finds that any provision of this Agreement is invalid or
unenforceable, the remainder of this Agreement shall be interpreted so as best to affect
the intent of the Parties.
IX. ENFORCEMENT. The Parties acknowledge and agree that due to the unique and
sensitive nature of the Confidential Information, any breach of this Agreement would
cause irreparable harm for which damages and/or equitable relief may be sought. The
harmed Party in this Agreement shall be entitled to all remedies available at law.
X. GOVERNING LAW. This Agreement shall be governed under the laws in the State of
_.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
written below.
Print Name _
Print Name
LLC OPERATING AGREEMENT
OPERATING
AGREEMENT OF
A Limited Liability
Company
AGREEMENT, Date:
Made among:
Managing
Member 1:
Address:
Managing
Member 2:
Address:
Collectively hereafter referred to as “managing
Members” and,
Member
1:
Address:
Member
2:
Address:
Member
3:
Address:
Member
4:
Address:
Collectively hereafter referred to as “Members”
WITNESSETH:
The parties hereby confirm that they have formed a limited liability company
(the “Limited Liability Company”) pursuant to the provisions of the (State of
organization)Limited Liability Company Act, as the same may be amended from time to
time, for the purposes and the period and upon the terms and conditions hereinafter set
forth. The parties have caused to be filed the Articles of Organization of the Limited
Liability Company, and shall execute, acknowledge, swear to and file any other
documents required under applicable law.
2. Name
3. Purposes
To incur indebtedness, secured and unsecured; to enter into and perform contracts and
agreements of any kind necessary to, in connection with or incidental to the business of
the Limited Liability Company; and to carry on any other activities necessary to, in
connection with or incidental to the foregoing, as the Managing Members in their
discretion may deem desirable.
4. Place of Business
The principal place of business and specified office of the Limited Liability
Company at which the records required to be maintained by the Limited Liability
Company under the
(State of organization) Limited Liability Company Act are to be kept shall be at
The Managing Members may change the registered office and Registered Agent
from time to time by filing the prescribed forms with the appropriate governmental
authorities.
5. Capital Contributions
Managing Member 1- $ .
Managing Member 2- $ .
Member 1- $ .
Member 2- $ .
Member 3- $ .
Member 4- $ .
The Members shall not be required to make any additional capital contributions.
Except as specifically provided in this Agreement or required by law, no Member
shall have the right to withdraw or reduce his contributions to the capital of the Limited
Liability Company until the termination of the Limited Liability Company. No Member
shall have the right to demand and receive any distribution from the Limited Liability
Company in any form other than cash, regardless of the nature of such Member's capital
contribution. No Member shall be paid interest on capital contributions to the Limited
Liability Company.
The liability of any Member for the losses, debts, liabilities and obligations of the
Limited Liability Company shall be limited to paying: the capital contribution of such
Member when due under this Agreement; such Member's share of any undistributed
assets of the Limited Liability Company; and (only if and to the extent at any time
required by applicable law) any amounts previously distributed to such Member by the
Limited Liability Company.
If any Member shall loan or advance any funds to the Limited Liability Company
in excess of the capital contribution of such Member prescribed herein, such loan or
advance shall not be deemed a capital contribution to the Limited Liability Company and
shall not in any respect increase such Member's interest in the Limited Liability
Company.
As used in this Agreement, the terms "net profits" and "net losses" shall mean the
profits or losses of the Limited Liability Company from the conduct of the Limited
Liability Company's business, after all expenses incurred in connection therewith have
been paid or provided for. The net profits or net losses of the Limited Liability Company
shall be determined by the Limited Liability Company's accountants in accordance with
generally accepted accounting principles applied in determining the income, gains,
expenses, deductions or losses, as the case may be, reported by the Limited Liability
Company for Federal income tax purposes.
The term "cash receipts" shall mean all cash receipts of the Limited Liability
Company from whatever source derived, including without limitation capital
contributions made by the Members; the proceeds of any sale, exchange, or other
disposition of all or any part of the assets of the Limited Liability Company; the proceeds
of any loan to the Limited Liability Company; the proceeds of any insurance policy
payable to the Limited Liability Company; and the proceeds from the liquidation of the
assets of the Limited Liability Company following a termination of the Limited Liability
Company.
The "capital account" for each Member shall mean the account established,
determined and maintained for such Member in accordance with Section 704(b) of the
Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv). The capital
account for each Member shall be increased by (1) the amount of money contributed by
such Member to the Limited Liability Company, (2) the fair market value of property
contributed by such Member to the Limited Liability Company (net of liabilities secured
by such contributed property that the Limited Liability Company is considered to assume
or take subject to under Section 752 of the Internal Revenue Code), and (3) allocations to
such Member of Limited Liability Company income and gain (or items thereof),
including income and gain exempt from tax and income and gain described in Treasury
Reg. Section 1.704-1(b)(2)(iv)(g), but excluding income and gain described in subsection
(b)(4)(i) of said Regulation, and shall be decreased by (4) the amount of money
distributed to such Member by the Limited Liability Company, (5) the fair market value
of property distributed to such Member by the Limited Liability Company (net of
liabilities secured by such distributed property that such Member is considered to assume
or take subject to under Section 752 of the Code), (6) allocations to such Member of
expenditures of the Limited Liability Company described in Section 705(a)(2)(B) of the
Code, and (7) allocations of Limited Liability Company loss and deduction (or items
thereof) including loss and deduction described in Treasury Reg. Section 1.704-1(b)(2)
(iv)(g), but excluding items described in (6)
above and loss or deduction described in subsections (b)(4)(i) or (b)(4)(iii) of said
Regulation. Net profits and net losses of the Limited Liability Company from other than
capital transactions, as of the end of any fiscal year or other period, shall be credited or
charged to the capital accounts of the Members prior to any charge or credit to said
capital accounts for net profits and net losses of the Limited Liability Company from
capital transactions as of the end of such fiscal year or other period. The capital account
for each Member shall be otherwise adjusted in accordance with the additional rules of
Treasury Reg. Section 1.704-1(b)(2)(iv).
The term "Members' Percentage Interests" shall mean the percentages set forth
opposite the name of each Member below:
During each fiscal year, the net profits and net losses of the Limited Liability
Company (other than from capital transactions), and each item of income, gain, loss,
deduction or credit entering into the computation thereof, shall be credited or charged, as
the case may be, to the capital accounts of each Member in proportion to the Members'
Percentage Interests. The net profits of the Limited Liability Company from capital
transactions shall be allocated in the following order of priority: (a) to offset any negative
balance in the capital accounts of the Members in proportion to the amounts of the
negative balance in their respective capital accounts, until all negative balances in the
capital accounts have been eliminated; then (b) to the Members in proportion to the
Members' Percentage Interests. The net losses of the Limited Liability Company from
capital transactions shall be allocated in the following order of priority: (a) to the extent
that the balances in the capital accounts of any Members are in excess of their original
contributions, to such Members in proportion to such excess balances in the capital
accounts until all such excess balances have been reduced to zero; then (b) to the
Members in proportion to the Members' Percentage Interests.
The cash receipts of the Limited Liability Company shall be applied in the
following order of priority: (a) to the payment by the Limited Liability Company of
amounts due on debts and liabilities of the Limited Liability Company other than to any
Member, and operating expenses of the Limited Liability Company; (b) to the payment of
interest and amortization due on any loan made to the Limited Liability Company by any
Member; (c) to the establishment of cash reserves determined by the Managing Members
to be necessary or appropriate, including without limitation reserves for the operation of
the Limited Liability Company's business, taxes and contingencies; and (d) to the
repayment of any loans made to the Limited Liability Company by any Member.
Thereafter, the cash receipts of the Limited Liability Company shall be distributed among
the Members as hereafter provided.
The cash receipts of the Limited Liability Company shall be distributed to the
Members from time to time at such times as the Managing Members shall determine. It is
contemplated that distributions will be made if the Managing Members deem such
distributions to be prudent and feasible.
It is the intention of the Members that the allocations hereunder shall be deemed
to have "substantial economic effect" within the meaning of Section 704 of the Internal
Revenue Code and Treasury Reg. Section 1.704-1. Should the provisions of this
Agreement be inconsistent with or in conflict with Section 704 of the Code or the
Regulations there under, then Section 704 of the Code and the Regulations shall be
deemed to override the contrary provisions hereof. If Section 704 or the Regulations at
any time require that limited liability company operating agreements contain provisions
which are not expressly set forth herein, such provisions shall be incorporated into this
Agreement by reference and shall be deemed a part of this Agreement to the same extent
as though they had been expressly set forth herein, and the Managing Members shall be
authorized by an instrument in writing to amend the terms of this Agreement to add such
provisions, and any such amendment shall be retroactive to whatever extent required to
create allocations with a substantial economic effect.
8. Books, Records and Tax Returns
At all times during the continuance of the Limited Liability Company, the
Managing Members shall keep or cause to be kept complete and accurate records and
books of account in which shall be entered each transaction of the Limited Liability
Company in accordance with generally accepted accounting principles.
The fiscal year of the Limited Liability Company for both accounting and income
tax purposes shall be the calendar year. The Limited Liability Company shall report its
operations, net income and net losses in accordance with the methods of accounting
selected by the Managing Members.
The Managing Members may employ on behalf of the Limited Liability Company
and at the expenses of the Limited Liability Company such firm of certified public
accountants as the Managing Members in their sole discretion deems appropriate to serve
as the Limited Liability Company's accountants.
The Managing Members shall furnish to each Member, within seventy-five days
after the end of each fiscal year, an annual report of the Limited Liability Company
which shall include a balance as of the end of such fiscal year; a profit and loss statement
of the Limited Liability Company for such fiscal year; a statement of the balance in the
capital account of such Member; and the amount of such Member's share of the Limited
Liability Company's income, gain, losses, deductions and other relevant items for Federal
income tax purposes.
The Managing Members shall prepare or cause to be prepared all Federal, State
and local income tax and information returns for the Limited Liability Company, and
shall cause such tax and information returns to be filed timely with the appropriate
governmental authorities. Within seventy-five days after the end of each fiscal year, the
Managing Members shall forward to each person who was a Member during the
preceding fiscal year a true copy of the Limited Liability Company's information return
filed with the Internal Revenue Service for the preceding fiscal year. The Managing
Members shall not be liable to any Member if any taxing authority disallows or adjusts
any deductions or credits in the Limited Liability Company's income tax or information
returns.
All such records, books of account, tax and information returns, and reports and
statements, together with executed copies of this Agreement, shall at all times be
maintained at the principal place of business of the Limited Liability Company, and shall
be open to the inspection and examination of the Members or their duly authorized
representatives during regular business hours. Each Member, or a duly authorized
representative of such Member, may make copies of the Limited Liability Company's
books of account and records at the expense of such Member. Any Member, at the
expense of such Member, may conduct an audit of the Limited Liability Company's
books of account and records.
The Managing Members shall furnish to each Member, promptly upon request, a
current list of the names and addresses of all of the Managing Members and other
Members of the Limited Liability Company, and any other persons or entities having any
financial interest in the Limited Liability Company.
The cost of preparing all of the aforesaid records, books, returns and other items
shall be borne by the Limited Liability Company. Upon request of the Managing
Members, the Members shall pay to the Limited Liability Company, in proportion to the
Members'
Percentage Interests, the cost of preparing same, not to exceed in the aggregate $2,000 for
each fiscal year.
9. Bank Accounts
All funds of the Limited Liability Company shall be deposited in the Limited
Liability Company's name in such bank account or the Managing Members shall
designate accounts as. Withdrawals from any such bank accounts shall be made only in
the regular course of business of the Limited Liability Company and shall be made upon
such signature or signatures as the Managing Members from time to time may designate.
10. Management of the Limited Liability Company
The business and affairs of the Limited Liability Company shall be conducted and
managed by the Managing Members of the Limited Liability Company in accordance
with this Agreement and the laws of
(State of organization).
At any time there is more than one Managing Member, a majority in number of
the Managing Members shall decide any difference arising as to any matter within the
authority of Managing Members.
If at any time the Managing Members do not own, in the aggregate, at least 20
percent of the Members' Percentage Interests, all of the Members shall be Managing
Members until such time as the Members duly elect Managing Members who do own at
least 20 percent of the Members' Percentage Interests.
The Managing Members shall have responsibility for the day-to-day management
of the business and affairs of the Limited Liability Company and shall devote such time
and attention as the Managing Members deem necessary to the conduct and management
of the business and affairs of the Limited Liability Company.
Each of the Managing Members hereby is given sole power and authority to
execute instruments on behalf of the Limited Liability Company and to otherwise bind
the Limited Liability Company. Unless authorized by the Managing Members, no other
person shall have the power or authority to execute instruments on behalf of the Limited
Liability Company and to otherwise bind the Limited Liability Company. No person,
firm or corporation dealing with the Limited Liability Company shall be required to
investigate the authority of the Managing Members or to secure the approval of or
confirmation by the Members of any act of the Managing Members in connection with
the business or affairs of the Limited Liability Company.
No Member, other than the Managing Members or their designees, shall have the
authority, or shall take any action as a Member, to bind the Limited Liability Company.
To the extent of the Limited Liability Company's assets, and to the extent
permitted by law, the Limited Liability Company shall indemnify and hold each
Managing Member harmless from and against all liability, claim, loss, damage or
expense, including reasonable attorneys' fees, incurred by the Managing Member by
reason of any act or omission of the Managing Member made in good faith on behalf of
the Limited Liability Company.
The Members agree that no Member may voluntarily withdraw from the Limited
Liability Company without the affirmative vote or consent of Members holding a
majority of the Members' Percentage Interests (other than the withdrawing Member).
A Member may assign all or any part of such Member's interest in the allocations
and distributions of the Limited Liability Company to any of the following (collectively
the "permitted assignees"): any person, corporation, partnership or other entity as to
which the Limited Liability Company has given consent to the assignment of such
interest in the allocations and distributions of the Limited Liability Company by the
affirmative vote or consent of Members holding a majority of the Members' Percentage
Interests. An assignment to a permitted assignee shall only entitle the permitted assignee
to the allocations and distributions to which the assigned interest is entitled, unless such
permitted assignee applies for admission to the Limited Liability Company and is
admitted to the Limited Liability Company as a Member in accordance with this
Agreement.
An assignment, pledge, hypothecation, transfer or other disposition of all or any
part of the interest of a Member in the Limited Liability Company or other person
holding any interest in the Limited Liability Company in violation of the provisions
hereof shall be null and void for all purposes.
No assignment, transfer or other disposition of all or any part of the interest of any
Member permitted under this Agreement shall be binding upon the Limited Liability
Company unless and until a duly executed and acknowledged counterpart of such
assignment or instrument of transfer, in form and substance satisfactory to the Managing
Members, has been delivered to the Limited Liability Company.
Anything herein contained to the contrary, the Managing Members and the
Limited Liability Company shall be entitled to treat the record holder of the interest of a
Member as the absolute owner thereof, and shall incur no liability by reason of
distributions made in good faith to such record holder, unless and until there has been
delivered to the Managing Members the assignment or other instrument of transfer and
such other evidence as may be reasonably required by the Managing Members to
establish to the satisfaction of the Managing Members that an interest has been assigned
or transferred in accordance with this Agreement.
The Members may admit new Members (or transferees of any interests of existing
Members) into the Limited Liability Company by the unanimous vote or consent of the
Members.
In the event of a Withdrawal Event with respect to any Member, any successor in
interest to such Member (including without limitation any executor, administrator, heir,
committee, guardian, or other representative or successor) shall not become entitled to
any rights or interest of such Member in the Limited Liability Company, other than the
allocations and distributions to which such Member is entitled, unless such successor in
interest is admitted as a Member in accordance with this Agreement.
The Limited Liability Company shall terminate upon the occurrence of any of the
following: the election by the Members to dissolve the Limited Liability Company made
by the unanimous vote or consent of the Members; the occurrence of a Withdrawal Event
with respect to a Member and the failure of the remaining Members to elect to continue
the business of the Limited Liability Company as provided for in Article 14 above; or any
other event which pursuant to this Agreement, as the same may hereafter be amended,
shall cause a termination of the Limited Liability Company.
The liquidation of the Limited Liability Company shall be conducted and
supervised by the Managing Members or if there be none then by a person designated for
such purposes by the affirmative vote or consent of Members holding a majority of the
Members' Percentage Interests (the "Liquidating Agent"). The Liquidating Agent hereby
is authorized and empowered to execute any and all documents and to take any and all
actions necessary or desirable to effectuate the dissolution and liquidation of the Limited
Liability Company in accordance with this Agreement.
Promptly after the termination of the Limited Liability Company, the Liquidating
Agent shall cause to be prepared and furnished to the Members a statement setting forth
the assets and liabilities of the Limited Liability Company as of the date of termination.
The Liquidating Agent, to the extent practicable, shall liquidate the assets of the Limited
Liability Company as promptly as possible, but in an orderly and
businesslike manner so as not to involve undue sacrifice and in accordance with the
provisions of the
(State of Organization) Limited Liability Company Act.
The proceeds of sale and all other assets of the Limited Liability Company shall
be applied and distributed in the following order of priority: (a) to the payment of the
expenses of liquidation and the debts and liabilities of the Limited Liability Company,
other than debts and liabilities to Members; (b) to the payment of debts and liabilities to
Members;
(c) to the setting up of any reserves which the Liquidating Agent may deem necessary or
desirable for any contingent or unforeseen liabilities or obligations of the Limited
Liability Company, which reserves shall be paid over to an attorney-at-law admitted to
practice in the State of as escrowee, to be held for a period of two years for the
purpose of payment of the aforesaid liabilities and obligations, at the expiration of which
period the balance of such reserves shall be distributed as hereinafter provided; (d) to the
Members in proportion to their respective capital accounts until each Member has
received cash distributions equal to any positive balance in his capital account, in
accordance with the rules and requirements of Treasury Reg. Section 1.704- 1(b)(2)(ii)
(b); and (e) to the Members in proportion to the Members' Percentage Interests.
The liquidation shall be complete within the period required by Treasury Reg.
Section 1.704- 1(b)(2)(ii)(b).
If the Liquidating Agent shall determine that it is not practicable to liquidate all of
the assets of the Limited Liability Company, the Liquidating Agent may retain assets
having a fair market value equal to the amount by which the net proceeds of liquidated
assets are insufficient to satisfy the debts and liabilities referred to above. If, in the
absolute judgment of the Liquidating Agent, it is not feasible to distribute to each
Member his proportionate share of each asset, the Liquidating Agent may allocate and
distribute specific assets to one or more Member in such manner as the Liquidating Agent
shall determine to be fair and equitable, taking into consideration the basis for tax
purposes of each asset.
Upon compliance with the distribution plan, the Members shall cease to be such,
and the Managing Members shall execute, acknowledge and cause to be filed such
certificates and other in- struments as may be necessary or appropriate to evidence the
dissolution and termination of the Limited Liability Company.
Each of the Members represents, warrants and agrees that the Member is
acquiring the interest in the Limited Liability Company for the Member's own account as
an investment and not with a view to the sale or distribution thereof; the Member, if an
individual, is over the age of 21, or if the Member is an organization, such organization is
duly organized, validly existing and in good standing under the laws of its State of
organization and that it has full power and authority to execute and perform its obligations
under this Agreement; and the Member shall not dispose of such interest or any part
thereof in any manner which would constitute a violation of the Securities Act of 1933,
the Rules and Regulations of the Securities and Exchange Commission, or any applicable
laws, rules or regulations of any State or other governmental authorities, as the same may
be amended.
16. Certificates Evidencing Membership
17. Notices
All notices, demands, requests or other communications which any of the parties
to this Agreement may desire or be required to give hereunder shall be in writing and
shall be deemed to have been properly given if sent by FedEx or similar private express
service or by registered or certified mail, return receipt requested, with postage prepaid,
addressed as follows: (a) if to the Limited Liability Company, to the Limited Liability
Company c/o the Managing Members at their address first above written or to such other
address or addresses as may be designated by the Limited Liability Company or the
Managing Members by notice to the Members pursuant to this Article 17; (b) if to the
Managing Members, to the Managing Members at their address first above written or to
such other address or addresses as may be designated by the Managing Members by
notice to the Limited Liability Company and the Members pursuant to this Article 18; and
(c) if to any Member, to the address of said Member first above written, or to such other
address as may be designated by said Member by notice to the Limited Liability
Company and the other Members pursuant to this Article 17. Each Member shall keep the
Limited Liability Company and the other Members informed of such Member's current
address.
18. Amendments
19. Miscellaneous
This Agreement and the rights and liabilities of the parties hereunder shall be
governed by and determined in accordance with the laws of the State of (State of
organization). Every provision of this Agreement is intended to be severable. If any
provision of this Agreement shall be invalid or unenforceable, such invalidity or
unenforceability shall not affect the other provisions of this Agreement, which shall
remain in full force and effect.
The captions in this Agreement are for convenience only and are not to be
considered in construing this Agreement. All pronouns shall be deemed to be the
masculine, feminine, neuter, singular or plural as the identity of the person or persons
may require. References to a person or persons shall include partnerships, corporations,
limited liability companies, unincorporated associations, trusts, estates and other types of
entities. The Managing Members and the Members collectively are referred to herein as
the Members. Any one of the Members is referred to herein as a Member. References to
the Internal Revenue Code shall mean the Internal Revenue Code of 1986, as amended,
and any successor or superseding Federal revenue statute.
This Agreement, and any amendments hereto may be executed in counterparts all
of whom taken together shall constitute one agreement.
This Agreement sets forth the entire agreement of the parties hereto with respect
to the subject matter hereof. It is the intention of the Members that this Agreement shall
be the sole source of agreement of the parties, and, except to the extent a provision of this
Agreement provides for the incorporation of Federal income tax rules or is expressly
prohibited or ineffective under the (State
of organization) Limited Liability Company Act, as the same may be amended from time
to time, this Agreement shall govern even when inconsistent with, or different from, the
provisions of any applicable law or rule. To the extent any provision of this Agreement is
prohibited or otherwise ineffective under the
(State of organization) Limited Liability Company Act, such provision
shall be considered to be ineffective to the smallest degree possible in order to make this
Agreement effective under the (State of organization)Limited Liability
Company Act.
Managing Member 1
Print:
Print:
Managing Member 2
Print:
Print:
Member 1
Print:
Print:
Member 2
Print:
Print:
Member 3
Print:
Print:
Member 4
Print:
Print:
STATE OF , COUNTY OF , ss.
Print:
Notary Public
My commission expires on
Print:
Notary Public
My commission expires on
Print:
Notary Public
My commission expires on
Print:
Notary Public
My commission expires on
Print:
Notary Public
My commission expires on
Print:
Notary Public
My commission expires on
INDEPENDENT CONTRACTOR AGREEMENT
WITNESSETH, that the Contractor and the Owner for the consideration named agree as follows:
The Contractor shall furnish all the materials and perform all of the work shown on the drawings and/or
described in the specifications entitled Exhibit A, as annexed hereto as it pertains to work to be performed
on property located at:
The owner shall pay the Contractor for the material and labor to be performed under the Contract the
sum of Dollars ($ ), subject to additions
and deductions pursuant to authorized change orders.
1. All work shall be completed in a workmanship like manner and in compliance with
all building codes and other applicable laws.
2. To the extent required by law all work shall be performed by individuals duly
licensed and authorized by law to perform said work.
3. Contractor may at its discretion engage subcontractors to perform workhereunder,
provided Contractor shall fully pay said subcontractor and in all instances remain
responsible for the proper completion of this Contract.
4. Contractor shall furnish Owner appropriate releases or waivers of lien for all work
performed or materials provided at the time the next periodic payment shall be due.
5. All change orders shall be in writing and signed by both Owner and Contractor.
6. Contractor warrants it is adequately insured for injury to its employees and others
incurring loss or injury as a result of the acts of Contractor or its employees and
subcontractors.
7. Contractor shall at its own expense obtain all permits necessary for the work to be
performed.
8. Contractor agrees to remove all debris and leave the premises in broom
clean condition.
9. In the event Owner shall fail to pay any periodic or installment payment due
hereunder, Contractor may cease work without breach pending payment or resolution
of any dispute.
10. All disputes hereunder shall be resolved by binding arbitration in accordance with
the rules of the American Arbitration Association.
11. Contractor shall not be liable for any delay due to circumstances beyond its control
including strikes, casualty or general unavailability of materials.
12. Contractor warrants all work for a period of months following
completion.
ARTICLE 6. OTHER TERMS
By:
Witness Contractor
By:
Witness Contractor
CEASE AND DESIST
From
Date
Dear ,
You will not receive another warning letter. If you do not confirm in writing to us by
the day of , 20 that you will cease violating our
Agreement a lawsuit will be commenced immediately.
Sincerely,
BILL OF SALE
STATE OF
COUNTY OF
Seller warrants that he/she is the lawful owner in every respect of all of the described
property and that it is free and clear of all liens, security agreements, encumbrances,
claims, demands, and charges of every kind whatsoever.
Seller binds Seller, his/her successors and assigns, to warrant and defend the title to all of
the described property to Buyer, his/her successors and assigns, forever against every
person lawfully claiming the described property or any part of it.
This Bill of Sale shall be effective as to the transfer of all property listed in it as of
[date].
[signature of seller]
[typed name]
[signature of witness]
[typed witness]
ACKNOWLEDGMENT
STATE OF
COUNTY OF
The annual Meeting of Members of the above named Limited Liability Company was
held on the date and time and at the place set forth in the written waiver of notice signed
by all the members, fixing such time and place, and prefixed to the minutes of this
meeting.
There were present at the meeting all of the members of the above named Limited
Liability Company.
The Chairman then stated that all of the members were present.
The managing member presented his/hers annual report and, after discussion, the report
was accepted and ordered filed with the Secretary.
The Chairman noted that it was in order to consider electing managing members for the
ensuing year. Upon nominations duly made and seconded, the following were
unanimously elected managing members of the Limited Liability Company, to serve for
the ensuing year and until their successors are elected and qualified:
Managing
Member:
Secretary:
Treasurer:
There being no further business to come before the meeting, upon duly made, seconded
and unanimously carried, it was adjourned.
Secretary
Members:
MEMBERSHIP VOTING PROXY
[ ] managers
[ ] members
to be held on .
This proxy shall be effective for all items of business brought before the
meeting.
Date:
Signature of Member:
Name of LLC:
Address:
Phone: Fax:
AFFADAVIT
SIGNATURE OF AFFIANT
(ADDRESS OF AFFIANT)
NOTARY PUBLIC
My Commission Expires:
(SEAL)
BAD CHECK NOTICE
Date:
To:
Dear
Accordingly, we request that you replace this check with a cash (or
certified check) payment.
Unless we receive good funds for said amount within days, we shall
immediately commence appropriate legal action to protect our interest. Upon
receipt of replacement funds we shall return to you the dishonored check.
Very truly,
Owner proposes to disclose certain of its confidential and proprietary information (the
"Confidential Information") to Recipient. Confidential Information shall include all data,
materials, products, technology, computer programs, specifications, manuals, business
plans, software, marketing plans, business plans, financial information, and other
information disclosed or submitted, orally, in writing, or by any other media, to
Recipient by Owner. Confidential Information disclosed orally shall be identified as
such within five (5) days of disclosure.
Nothing herein shall require Owner to disclose any of its information.
2. Recipient's Obligations.
3. Term.
The obligations of Recipient herein shall be effective from
the date Owner last discloses any Confidential Information to Recipient pursuant to this
Agreement. Further, the obligation not to disclose shall not be affected by bankruptcy,
receivership, assignment, attachment or seizure procedures, whether initiated by or
against Recipient, nor by the rejection of any agreement between Owner and Recipient,
by a trustee of Recipient in bankruptcy, or by the
Recipient as a debtor-in-possession or the equivalent of any of the foregoing under
local law.
4. Other Information.
Recipient shall have no obligation under this Agreement with respect to Confidential
Information which is or becomes publicly available without breach of this Agreement by
Recipient; is rightfully received by Recipient without obligations of confidentiality; or is
developed by Recipient without breach of this Agreement; provided, however, such
Confidential Information shall not be disclosed until thirty (30) days after written notice
of intent to disclose is given to Owner along with the asserted grounds for disclosure.
5. No License.
Any notice required by this Agreement or given in connection with it, shall be in writing
and shall be given to the appropriate party by personal delivery or by certified mail,
postage prepaid, or recognized overnight delivery services.
If to Owner:
If to Recipient:
12. No Implied Waiver.
Either party's failure to insist in any one or more instances upon strict performance by the
other party of any of the terms of this Agreement shall not be construed as a waiver of
any continuing or subsequent failure to perform or delay in performance of any term
hereof.
13. Headings.
Headings used in this Agreement are provided for convenience only and shall not be used
to construe meaning or intent.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first above written.
Owner:
Recipient:
COMPANY BYLAWS
A Profit Corporation
ARTICLE I
SHAREHOLD
ERS
1. Annual Meeting
2. Special Meetings
3. Place of Meetings
4. Notice of Meetings
5. Waiver of Notice
6. Inspectors of Election
The inspectors shall determine the number of shares outstanding and the
voting power of each, the shares represented at the meeting, the existence of a quorum,
and the validity and effect of proxies, and shall receive votes, ballots or consents, hear
and determine all challenges and questions arising in connection with the right to vote at
the meeting, count and tabulate all votes, ballots or consents, determine the result thereof,
and do such acts as are proper to conduct the election or vote with fairness to all
shareholders. On request of the person presiding at the meeting, or of any shareholder
entitled to vote thereat, the inspectors shall make a report in writing of any challenge,
question or matter determined by them and shall execute a certificate of any fact found by
them. Any report or certificate made by them shall be prima facie evidence of the facts
stated and of any vote certified by them.
Treasury shares as of the record date and shares held as of the record date
by another domestic or foreign corporation of any kind, if a majority of the shares
entitled to vote in the election of directors of such other corporation is held as of the
record date by the Corporation, shall not be shares entitled to vote or to be counted in
determining the total number of outstanding shares.
Shares held by an administrator, executor, guardian, conservator,
committee or other fiduciary, other than a trustee, may be voted by such fiduciary, either
in person or by proxy, without the transfer of such shares into the name of such fiduciary.
Shares held by a trustee may be voted by him or her, either in person or by proxy, only
after the shares have been transferred into his name as trustee or into the name of his
nominee.
No shareholder shall sell his vote, or issue a proxy to vote, to any person
for any sum of money or anything of value except as permitted by law.
9. Quorum of Shareholders
The shareholders who are present in person or by proxy and who are
entitled to vote may, by a majority of votes cast, adjourn the meeting despite the absence
of a quorum.
10. Proxies
The authority of the holder of a proxy to act shall not be revoked by the
incompetence or death of the shareholder who executed the proxy, unless before the
authority is exercised written notice of an adjudication of such incompetence or of such
death is received by the Secretary or any Assistant Secretary.
11. Vote or Consent of Shareholders
ARTICLE II
BOARD OF
DIRECTORS
2. Number of Directors
A notice, or waiver of notice, need not specify the purpose of any meeting
of the Board
of Directors.
6. Resignations
Any director of the Corporation may resign at any time by giving written
notice to the Board of Directors or to the President or to the Secretary of the Corporation.
Such resignation shall take effect at the time specified therein; and unless otherwise
specified therein the acceptance of such resignation shall not be necessary to make it
effective.
7. Removal of Directors
Any one or more of the directors may be removed for cause by action of the
Board of Directors. Any or all of the directors may be removed with or without cause by
vote of the shareholders.
Each such committee shall serve at the pleasure of the Board of Directors.
ARTICLE
III
OFFICERS
1. Election of Officers
2. Other Officers
The Board of Directors may appoint such other officers and agents as it
shall deem necessary who shall hold their offices for such terms and shall exercise such
powers and perform such duties as shall be determined from time to time by the Board.
3. Compensation
The salaries of all officers and agents of the Corporation shall be fixed by
the Board of
Directors.
Each officer shall hold office for the term for which he is elected or
appointed, and until his successor has been elected or appointed and qualified. Unless
otherwise provided in the resolution of the Board of Directors electing or appointing an
officer, his term of office shall extend to and expire at the meeting of the Board following
the next annual meeting of shareholders. Any officer may be removed by the Board with
or without cause, at any time. Removal of an officer without cause shall be without
prejudice to his contract rights, if any, and the election or appointment of an officer shall
not of itself create contract rights.
5. President
The President shall be the chief executive officer of the Corporation, shall
have general and active management of the business of the Corporation and shall see that
all orders and resolutions of the Board of Directors are carried into effect. The President
shall also preside at all meetings of the shareholders and the Board of Directors.
6. Vice Presidents
The Vice Presidents, in the order designated by the Board of Directors, or
in the absence of any designation, then in the order of their election, during the absence
or disability of or refusal to act by the President, shall perform the duties and exercise the
powers of the President and shall perform such other duties as the Board of Directors
shall prescribe.
The Secretary shall attend all meetings of the Board of Directors and all
meetings of the shareholders and record all the proceedings of the meetings of the
Corporation and of the Board of Directors in a book to be kept for that purpose, and shall
perform like duties for the standing committees when required. The Secretary shall give
or cause to be given, notice of all meetings of the shareholders and special meetings of
the Board of Directors, and shall perform such other duties as may be prescribed by the
Board of Directors or President, under whose supervision the Secretary shall be. The
Secretary shall have custody of the corporate seal of the Corporation and the Secretary, or
an Assistant Secretary, shall have authority to affix the same to any instrument requiring
it and when so affixed, it may be attested by the Secretary's signature or by the signature
of such Assistant Secretary. The Board of Directors may give general authority to any
other officer to affix the seal of the Corporation and to attest the affixing by his signature.
The Treasurer shall have the custody of the corporate funds and securities;
shall keep full and accurate accounts of receipts and disbursements in books belonging to
the Corporation; and shall deposit all moneys and other valuable effects in the name and
to the credit of the Corporation in such depositories as may be designated by the Board of
Directors.
The Treasurer shall disburse the funds as may be ordered by the Board of
Directors, taking proper vouchers for such disbursements, and shall render to the
President and the Board of Directors, at its regular meetings, or when the Board of
Directors so requires, an account of all his transactions as Treasurer and of the financial
condition of the Corporation.
The Assistant Treasurer, or if there shall be more than one, the Assistant
Treasurers in the order designated by the Board of Directors, or in the absence of such
designation, then in the order of their election, in the absence of the Treasurer or in the
event of the Treasurer's inability or refusal to act, shall perform the duties and exercise
the powers of the Treasurer and shall perform such other duties and have such other
powers as the Board of Directors may from time to time prescribe.
The Board of Directors may determine whether and to what extent and at
what times and places and under what conditions and regulations any accounts, books,
records or other documents of the Corporation shall be open to inspection, and no
creditor, security holder or other person shall have any right to inspect any accounts,
books, records or other documents of the Corporation except as conferred by statute or as
so authorized by the Board.
All checks and drafts on, and withdrawals from the Corporation's accounts
with banks or other financial institutions, and all bills of exchange, notes and other
instruments for the payment of money, drawn, made, endorsed, or accepted by the
Corporation, shall be signed on its behalf by the person or persons thereunto authorized
by, or pursuant to resolution of, the Board of Directors.
ARTICLE
IV
Each certificate representing shares shall state upon the face thereof:
(a) that the Corporation is formed under the laws of the State of ; (b) the name
of the person or persons to whom issued; and (c) the number and class of shares, and
the designation of the series, if any, which such certificate represents.
2. Transfers of Shares
ARTICLE V
OTHER
MATTERS
1. Corporate Seal
The Board of Directors may adopt a corporate seal, alter such seal at
pleasure, and authorize it to be used by causing it or a facsimile to be affixed or
impressed or reproduced in any other manner.
2. Fiscal Year
The fiscal year of the Corporation shall be the twelve months ending
December 31st, or such other period as may be fixed by the Board of Directors.
3. Amendments
Date:
To:
Dear
We have tried several times to resolve the problems of your past due account, but the
problem continues. Your account remains seriously overdue in the amount of
$ .
We believe you'll agree that immediate payment is in your best interest as it will
save you added interest and court costs, and help preserve your credit rating.
Very truly,
COPYRIGHT INFRINGEMENT
Sender
Information:
Organization Name
Your Full Name,
Title
Your Contact Email
Address Your Phone & FAX
Recipient Information: Number Your Mailing
Future Quest, Inc. Address
C/O Copyright Agent for Notice of Claims of Copyright City State Zip
Infringement
I, [Your Full Name Organization Name & Title], certify under penalty of perjury, that I am an agent
authorized to act on behalf of the owner of certain intellectual property rights.
I have a good faith belief that the items or materials listed below are not authorized by law for use
by the above named domain name owner or their agents and therefore infringes the copyright
owner's rights. I hereby demand that you act expeditiously to remove or disable access to the
material or items claimed to be infringing.
Organization Name
Your Full Name,
Title
Your Contact Email Address
Your Phone & FAX
Number Your Mailing
Address
City State Zip
JOINT VENTURE AGREEMENT
This JOINT VENTURE AGREEMENT AGREEMENT is made on ,
20 between and
.
RECITALS
The Joint Venturers have agreed to make contributions to a common fund for the purpose
of acquiring and holding:
called
the business interest. The Joint Venturers consider it advisable to acquire and hold their
business interest through a nominee so as to avoid the necessity of numerous separate
agreements, to maintain the legal title to the business interest in a simple and practicable
form and to facilitate the collection and distribution of the profits accruing under the
business interest, and has agreed to act as nominee of the Joint Venturers with the
understanding that he is also acquiring a participating interest in this joint venture on his
own account, It is therefore agreed:
1. Purpose. The Joint Venturers form this joint venture to acquire and hold the business
interest in common and to provide the finances required for its acquisition. To the extent
set forth in this Agreement, each of the Joint Venturers shall own an undivided
fractional part in the business. The Joint Venturers appoint as their agent ,
whose duty it shall be to hold each of the undivided fractional parts in the business
interest for the benefit of and as agent for the respective Joint Venturers.
2. Contributions. The Agent acknowledges that he has received from each of the Joint
Venturers, for the purpose of this joint venture, the sum set after the name of each
Joint Venturer as follows: Contribution to Name Joint Venture
3. Acquisition of Business Interest. The Agent is authorized to acquire and hold in his
own name, but on behalf of the Joint Venturers (of which the Agent is one), the business
interest, and to pay $ for it as follows: $ in cash, and the balance
of $ by a note in that amount. The note shall bear interest at the rate of %,
shall be due and payable on , with prepayment privileges, and
shall be secured by which the
Agent is authorized to execute and deliver.
4. Profits. The Agent shall hold and distribute the business interest and shall receive the
net profits as they accrue for the term of this Agreement or so long as the Joint
Venturers are the owners in common of the business interest, for the benefit of the Joint
Venturers as follows: Name Proportion
6. Liability of Agent. The Agent shall be liable only for his own willful misfeasance and
bad faith and no one not a party to this Agreement shall have any rights whatsoever
under this Agreement against the Agent for any action taken or not taken by him.
7. Term. This Agreement shall terminate and the obligations of the Agent shall be
deemed completed on the happening of either of the following events: (a) The receipt
and distribution by the Agent of the final net profits accruing under the business
interest. (b) Termination by mutual assent of all joint ventures.
8. Compensation of Agent. Unless otherwise agreed to in the future by a majority
in interest of the Joint Venturers, the Agent shall not receive any compensation for
services rendered by him under this Agreement.
In witness whereof the Agent and the Joint Venturers have signed and sealed
this Agreement.
INTELLECTUAL PROPERTY LICENSE
AGREEMENT
This BRAND LICENSE AGREEMENT (this “Agreement”) is entered into as of March , 2011,
but is made effective between the parties hereto as of (the “Effective Date”) by and
between CNL INTELLECTUAL PROPERTIES, INC., a Florida corporation (“Licensor”)
and CORPORATE CAPITAL TRUST, INC., a Maryland corporation (“CCT”) (CCT and its Controlled
Affiliates (as hereinafter defined) are collectively referred to herein as “Licensee”).
RECITALS
WHEREAS, Licensor is the owner of the name and mark “CNL” and other intellectual property and
proprietary materials that together constitute the brand image by which Licensor is known to the public.
Licensor’s intellectual property and proprietary materials, include, but are not limited to: Licensor’s
proprietary management systems, trade secrets, trade names, corporate names, product names, service marks,
tag lines and descriptors, domain names, designs, typography, color palettes, and copyrightable works,
including but not limited to content of its internet sites, stationery, signage, promotional items, advertising
and marketing materials, trade show booths, sponsorships, events, awards, press releases, quarterly and
annual reports, presentations, photographs, forms, and electronic media as it relates to Licensor and its
Affiliates (the name and mark “CNL” and the other intellectual property and proprietary materials which
together constitute the brand image and language by which Licensor is known to the public are herein
collectively referred to as the “IP Rights”); and
WHEREAS, among the components of the IP Rights are the service marks listed on Appendix A hereto
for the services indicated on Appendix A and the United States service mark registrations and applications for
registration listed on Appendix A (collectively, the “Marks”); and
WHEREAS, CCT wishes to obtain a non-exclusive license to use the IP Rights, including, without
limitation, the Marks, in connection with the promotion of Licensee’s relationship with affiliates of Licensor
in connection with Licensee’s provision of its products and services, and Licensor is willing to grant to
Licensee a non-exclusive license to use the IP Rights, including, without limitation, the Marks for such
purpose, provided that CCT agrees to comply (and cause its Controlled Affiliates to comply) with the terms
and conditions of this Agreement.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged by the parties, the parties agree as follows:
-1-
B. Consideration for Licenses. For the promises received and given and other good and valuable
consideration, the sufficiency of which is hereby acknowledged, Licensor grants to Licensee the licenses and
rights to the IP Rights and Marks as provided in this Section I. The License shall be considered fully-paid and
there shall be no royalty or other fee due for the license granted to the Licensee herein during the period this
Agreement is in effect as well as for the Transition Period.
C. Licensee’s Grant to Licensor. To the extent Licensee owns such rights, Licensee grants to Licensor
(as well as Licensor’s affiliates) a non-exclusive, world-wide, irrevocable license to use the Regulatory
Filings (as herein defined) and Approved Derivative Works (as herein defined) and such license shall
include all rights necessary for Licensor or its affiliates to advertise, promote, sell and conduct any of its
business affairs and dealings as they relate to its relationship and this license with Licensee provided such
use by Licensor (or its affiliates) complies with all applicable state and/or federal laws, rules or regulations
(collectively, Licensor’s “Retained Rights”).
B. Survival of CCT’s Rights. CCT shall continue to own such copyrights in the Regulatory Filings
and Approved Derivative Works after termination of this Intellectual Property License subject to the
continuing obligations relating to the IP Rights including as identified in Sections III and IV.
B. No Sublicensing. Licensor does not grant to Licensee, and nothing in this Agreement shall be
construed as granting to Licensee, the right to license, sublicense or authorize others to use the IP Rights or
the Marks other than the right for Licensee to authorize service providers the right to use and copy the IP
Rights solely in connection with providing services to Licensee in connection with Licensee’s products and
services (and in connection with Approved Derivative Works and Regulatory Filings).
-2-
C. Licensor’s Grant of Rights to Third Parties. During the Term of this Agreement, Licensor shall
retain the sole and absolute right to grant other non-exclusive licenses for some or all of the IP Rights,
including the Marks, to other entities not affiliated with Licensee, and Licensor shall retain ownership of the
IP Rights.
B. Licensor’s Policies and Standards. Licensee acknowledges that Licensor has provided, or will make
available, to Licensee certain policies and standards necessary for the preservation of the goodwill and
reputation associated with the Marks and the value associated with the IP Rights. (Such collection of policies
and standards as may be amended or supplemented from time to time by Licensor is commonly referred to as
the ‘CNL Brand Manual’, a copy of which has been provided to Licensee.) For the purposes of this
Agreement, the relevant policies and standards as contained in the CNL Brand Manual, together with any
subsequent policies and standards adopted or amended in accordance with this Section IV (B) are collectively
referred to hereinafter as the “Policies & Standards”. Furthermore, Licensee acknowledges that Licensor
shall have the right from time to time in its reasonable discretion, to adopt new Policies & Standards or
amend any existing Policies & Standards, which Licensee shall follow and adhere to in exercise of rights in
the IP Rights hereunder. Licensor shall give written notice to Licensee of any subsequently adopted or
amended Policies & Standards. Any such newly adopted or amended Policies & Standards shall take effect
with respect to this Agreement ninety (90) days from receipt by Licensee.
C. Licensee’s Compliance with Policies & Standards. CCT shall at all times during the Term of this
Agreement comply with, and shall cause each of its Controlled Affiliates as well as any agents, contractors or
consultants providing promotional, marketing, or regulatory filing services to Licensee, at all times during the
Term of this Agreement to comply with the Policies & Standards.
Licensor and Licensee acknowledge and agree that Licensee shall be responsible for any violation of or
failure to comply with the Policies & Standards by any employee, manager, executive, director, contractor or
other agent of Licensee, including, but not limited to, any failure to comply with the Policies & Standards
when creating or having created any Regulatory Filings or Approved Derivative Works. Licensor and
Licensee acknowledge and agree that Licensee shall not be responsible for any violation of or failure to
comply with the Policies & Standards in works created by any employee, manager, executive, director,
contractor, or Affiliate of Licensor (but not to include CNL Fund Advisors Company (the “CCT Advisor”)).
D. Licensee’s Policies. Licensee shall have the right to adopt additional policies and standards
(“Licensee’s Policies”) for the Approved Derivative Works so long as same do not conflict with or contradict
the Policies & Standards or Licensor’s Retainer Rights. If any of Licensee’s Policies conflict with or
contradict any of the Policies & Standards or Licensor’s Retained Rights, Licensee shall promptly discontinue
use of such conflicting Licensee’s Policies to the extent that such Licensee’s Policies are in conflict with the
Policies & Standards or Licensor’s Retained Rights.
-3-
E. Modifications to IP Rights. Except as set forth in the Policies & Standards, Licensee shall not make
or use any modification to any of the IP Rights without the prior express written approval of Licensor,
which approval may not be unreasonably delayed or withheld.
F. Limitations on Licensee’s Use. Licensee will use the Marks and other IP Rights, Approved
Derivative Works and Regulatory Filings, solely in connection with the promotion of Licensee’s relationship
with Licensor, in Licensee’s websites, advertising, promotional and other materials relating to Licensee’s
products and services. Such use of the Marks and other IP Rights by Licensee shall also be consistent with
and shall not be used beyond the scope of the services described on Appendix A (collectively, the
“Services”). Licensee shall add Licensor to all mailing lists and survey lists including, without limitation,
mass mailings and surveys to stockholders, customers, clients, vendors, and others.
G. Provision of Samples. Licensee will provide Licensor with representative samples of any new
materials that use or contain the IP Rights that have been prepared for, in connection with, or related to the
promotion, sale, regulatory activities or performance of Licensee’s products and services at least ten
(10) business days prior to any filing, distribution or use of such new materials should same have been
prepared or made by Licensee or a third-party agent or contractor retained by Licensee (collectively,
“3rd Party Works”). Licensor shall have the right to review and in its reasonable discretion approve or reject
the use or display of the IP Rights as may appear in such 3rd Party Works. Materials to be used for, in
connection with or related to the promotion, sale, regulatory activities or performance of Licensee’s products
and services prepared by an affiliate of Licensor (such affiliate not to include the CCT Advisor) shall be
presumed to be compliant with the Policies & Standards. For materials prepared as Regulatory Filings,
Licensee shall submit to Licensor representative samples of such Regulatory Filings and Licensor shall have
the right to review and in its reasonable discretion approve or reject such use of only the IP Rights as may be
contained or used in the Regulatory Filings. Any item submitted for approval shall be reviewed and either
approved or disapproved within ten (10) business days after submission to Licensor. Once approved, no
further approval from Licensor shall be required for extended promotions, advertising or marketing
campaigns using such approved materials; provided however, that Licensor must approve any changes to the
IP Rights as used in the Regulatory Filings. If Licensee has not received approval or disapproval from
Licensor, and Licensee has contacted the Licensor by telephone, email, or writing to make arrangements for
the review of the items, the submission shall then be deemed approved.
-4-
B. Registrations; Corporate Names. Licensee will not register or apply to register any corporate name,
trademark, copyright, design registrations or any other proprietary rights, in any country, state or other
jurisdiction utilizing any part or component of the IP Rights, except that Licensee may register the copyright
in the Approved Derivative Works or the Regulatory Filings that contain IP Rights subject to the retained
ownership by Licensor of the Marks and IP Rights contained in such Approved Derivative Works or
Regulatory Filings and Retained Rights and all restrictions on such use of the Marks and IP Rights. For the
avoidance of doubt, Licensee may not use the designation “CNL” or any other IP Rights in Licensee’s
corporate name or as an identifier of Licensee or in any manner that may cause the general public to
identify Licensee with Licensor, except to communicate, as necessary or appropriate, that CCT Advisor and
CNL Securities Corp. are service providers to Licensee.
C. Infringement. During the Term of the License, Licensee shall promptly notify Licensor in writing of
any suspected or actual infringement of the Marks as may come to Licensee’s attention. In the event of any
suspected or actual infringement, Licensor has the right, but not the duty, to take any legal action or other
measures to protect the Marks against such infringement. Licensee shall cooperate with Licensor in any such
actions or measures at Licensor’s request and sole expense. In any action brought by Licensor: (a) Licensor
shall retain full control thereof, including the settlement or other disposition of the action; and (b) any
recovery shall be solely for the account of Licensor.
B. Remedies Upon Breach. Termination of this Agreement shall not excuse any failure to perform or
breach of this Agreement by Licensee or Licensor, and Licensor and Licensee shall each be entitled to all
remedies under this Agreement and at law or equity with respect to such failure or breach.
C. Transition Period. Following notice of the termination of the Advisory Agreement or of this
Agreement, Licensee shall have no greater that one hundred twenty (120) days (such time period being the
“Transition Period”) to cease use of the IP Rights. Notwithstanding anything to the contrary herein, during
the Transition Period, Licensee may continue using the existing materials containing the IP Rights subject to
the terms and conditions of this Agreement. Following the Transition Period, Licensee shall immediately
and permanently discontinue all use of the IP Rights, including, without limitation, the Marks and further
will remove all uses of CNL Names, IP Rights, and Marks from the Approved Derivative Works and any
new or future Regulatory Filings; the Policies & Standards; Licensor’s trade secrets; refrain from using any
other mark, name, design, or any other designation confusingly similar to the designation “CNL”, or any of
the other IP Rights.
-5-
B. Injunctive Relief. Licensor and CCT acknowledge and agree that a breach or threatened breach by
CCT, its Controlled Affiliates, or any of their Representatives of any of the terms or conditions contained in
Section I, III, IV, V, VIII or X of this Agreement, will cause immediate and irreparable harm and damage to
the other parties, and that monetary damages will be inadequate to compensate the other party for such
breach. Accordingly, Licensor and CCT agree that Licensor and Licensee shall, in addition to any other
remedies available to them at law or in equity, be entitled, without posting bond or other security, to seek an
injunction from any court of competent jurisdiction enjoining and restraining any breach or threatened
breach of the terms or conditions of this Agreement by CCT, its Controlled Affiliates or Licensor, its
Affiliates; or Representatives of any party.
VIII.INDEMNITY
A. By Licensor.
1) Except to the extent, if any, otherwise expressly provided in this Agreement,
Licensor assumes no liability to Licensee or to third parties with respect to the products and
services advertised and sold by Licensee using the IP Rights.
2) Licensor agrees to indemnify and hold Licensee, its Controlled Affiliates, and their
Representatives harmless from any and all damages, losses, costs, and liabilities (including,
without limitation, reasonable legal fees and the cost of enforcing this indemnity, whether prior to,
during or after trial, on appeal or in bankruptcy proceedings) that it or they may suffer or incur, that
have arisen out of, resulted from or are related to: (1) any breach by Licensor of its representations,
warranties, and covenants set forth in this Agreement or other failure by Licensor to comply with
any of the other terms or conditions of this Agreement that result in material harm to CCT or
Controlled Affiliates; or (2) any disclosure or use of Confidential Information (as defined in
Section X (A)) by Licensor or any of Licensor’s Affiliates or Representatives that is not permitted
under the terms of Section X of this Agreement.
B. By CCT. CCT agrees to indemnify and hold Licensor, its Affiliates, and their Representatives
harmless from any and all damages, losses, costs, and liabilities (including, without limitation, reasonable
legal fees and the cost of enforcing this indemnity, whether prior to, during or after trial, on appeal or in
bankruptcy proceedings) that it or they may suffer or incur, that have arisen out of, resulted from or are
related to: (1) any claims, actions, or lawsuits by third parties against Licensor, its Affiliates, or any of their
Representatives involving or arising from the products and services advertised and sold by Licensee or its use
of IP Rights including without limit in Regulatory Filings by Licensee to the extent not directly attributable
to any fault of Licensor; (2) any disclosure or use of Confidential Information (as defined in Section X
(A) below) by Licensee, or any of Licensee’s Representatives that is not permitted under the terms of Section
X of this Agreement; (3) the failure by Licensee to comply with any of the Policies & Standards; or (4) any
breach by Licensee of its representations, warranties, and covenants set forth in this Agreement, including the
License granted in Section I, hereinabove, or other failure by Licensee to comply with any of the other terms
or conditions of this Agreement, including the License.
-6-
B. By CCT. CCT represents, warrants and covenants that CCT is a corporation duly organized and in
good standing under the laws of the State of Maryland; and that CCT has full corporate power and
authority,
and has taken all corporate actions and has obtained all necessary approvals or authorizations from any other
third party and government authority, to enter into this Agreement, to perform its obligations under this
Agreement, and to grant the rights granted under this Agreement, and that this Agreement constitutes a legal,
valid and binding agreement of CCT, enforceable against CCT in accordance with its terms.
X. CONFIDENTIALITY
A. Confidential Information. For purposes of this Agreement: (1) “Confidential Information” means
(a) with respect to Licensor, the Policies & Standards and confidential or proprietary information,
financial or otherwise, about the business, affairs, and assets of Licensor or its Affiliates, and Licensor’s
management strategies, whether or not any such documents, information, or materials are marked
“confidential” or “proprietary”; and (b) with respect to Licensee, confidential or proprietary information,
financial or otherwise, about the business, affairs, and assets of Licensee or its Controlled Affiliates;
(2) “Affiliate” means any entity other than CCT or any of its Controlled Affiliates, that controls, is
controlled by, or is under common control with Licensor; (3) “Controlled Affiliates” means any entity
that is controlled by CCT; (4) the term “control”, including the terms “controlling”, “controlled by”
and “under common control with,” means the possession, directly or indirectly, of the power to direct
or cause the direction of the management and policies of a person, whether through the ownership of
voting shares, by contract, or otherwise; (5) “Representative” means the employees, contractors, agents,
directors, officers, legal counsel, accountants and financial advisors of a party; and (6) solely for the
purposes of this Section X, references to a party by name or by reference to “party” shall include its
Controlled Affiliates if the reference is to CCT, and their Representatives unless the context indicates
otherwise.
B. Nondisclosure of Confidential Information. None of Licensee, its Controlled Affiliates, Licensor, its
Affiliates or their Representatives shall disclose or use any Confidential Information that is furnished,
or to be furnished, to any of them by the other parties at any time or in any manner other than as
permitted by this Agreement.
-7-
C. Exceptions. Notwithstanding the prohibition in Section X(B), a party (the “Disclosing Party”) shall
be entitled to disclose Confidential Information about the other parties (the “Non-Disclosing Parties”):
(1) where CCT is the Disclosing Party, to its Controlled Affiliates and its and their Representatives to the
extent necessary to permit CCT, its Controlled Affiliates, and its and their Representatives to produce
Licensee’s products and services and with respect to Licensor, to its Affiliates and its and their
Representatives to perform their obligations hereunder; (2) to the extent such information becomes lawfully
part of the public domain or is obtained from a third-party other than in violation of this or any other
restrictive agreement with the Disclosing Party, its Affiliates or Controlled Affiliates (as applicable) and their
Representatives; (3) as compelled or required by a valid subpoena or other legal mandate; provided, however,
in the event that the Disclosing Party or its Representatives receive such a subpoena or other legal mandate, it
shall provide the Non-Disclosing Parties with prompt written notice of same as far in advance as practicable
of the date the Disclosing Party is required to make such disclosure so that the Non-Disclosing Parties may
seek an appropriate protective order for the Confidential Information or waive compliance with the provisions
of Section X (B); and in the absence of a protective order or the receipt of a waiver hereunder, the Disclosing
Party or any of its Representatives is nonetheless, in the written opinion of such party’s legal counsel, so
compelled to disclose the Confidential Information, such party or its Representative may disclose only that
portion of the Confidential Information that is, based on the written advice of its legal counsel, legally
required to be disclosed; (4) as required by applicable law, rule or regulation, including without limitation, the
rules of any exchange or quotation system on which Licensee’s, its Controlled Affiliates’, Licensor’s, or its
Affiliates’ class or series of equity is listed or quoted for trading, as applicable; (5) as is necessary to enforce
the terms of this Agreement.
D. Obligations Upon Termination. Upon a termination of this Agreement for whatever reason, each
party shall promptly return, in the manner reasonably directed by the other parties, all of the Confidential
Information that has been furnished to it or, alternatively, each party shall promptly destroy copies of all
documents or materials in its possession or control that contain Confidential Information or portions of
Confidential Information of the other parties, in whatever form or medium such copies or portions are
contained, whether tangible, electronic, or otherwise, unless retention of same is required by Federal, state or
other law, rule or regulation; and shall timely furnish to the other parties a written certificate to the reasonable
satisfaction of the other party certifying that such destruction has taken place.
E. Non-Confidential Information. Notwithstanding the foregoing confidentiality provisions of this
Section X, at no time shall the Regulatory Filings or Approved Derivative Works materials or deliverables
created by Licensee for the purpose of publicly advertising or marketing the products and services of the
Licensee be considered Confidential Information.
-8-
B. Waiver. No waiver of any provision or any default by any party shall be deemed, or shall
constitute, a waiver of any other provision, whether or not similar, nor shall any waiver constitute a
continuing waiver. No waiver by any party shall be binding unless executed in writing by such party.
C. Binding Effect. This Agreement shall be binding on the parties to this Agreement and their
successors and permitted assigns.
D. Entire Agreement. This Agreement and the Appendices constitute the entire agreement between the
parties pertaining to this subject matter and supersede all prior and contemporaneous agreements,
representations and understandings of the parties.
F. Counterpart Signatures. This Agreement may be executed in counterparts, each of which shall be
deemed an original and all of which shall constitute one and the same instrument.
G. Conflicts. In the event of any conflict between the terms of this Agreement and the Policies
& Standards, this Agreement shall control.
H. Severability. In the event any terms or provision of this Agreement shall be held illegal,
unenforceable or inoperative as a matter of law, the remaining terms and conditions of this Agreement
shall remain in full force and effect if the essential terms and conditions of this Agreement for each party
remain valid, binding and enforceable.
I. Headings. The section headings inserted in this Agreement are for convenience only and are
not intended to affect the meaning or interpretation of this Agreement.
J. Construction. The language in this Agreement will be construed as a whole according to its fair
meaning and no Party will be deemed to be the drafter of this Agreement in any action that may later
arise between the Parties.
-9-
K. Notices. All notices, consents and other communications under this Agreement (other than
Licensor’s transmission of the Policies & Standards) must be given by facsimile; hand delivery; United States
certified mail, return receipt requested, postage prepaid; or by an overnight commercial courier service,
addressed as follows:
If to Licensor: If to Licensee:
CNL Intellectual Properties, Inc Corporate Capital Trust, Inc.
Attention: President Attention: President
CNL Center at City Commons CNL Center II at City Commons
450 South Orange Avenue – 14th Floor 420 South Orange Avenue – 8th Floor
Orlando, Florida 32801-3336 Orlando, Florida 32801
Facsimile: (407) 650-1543 Facsimile: (407) 540-7653
Either party may change its address for purposes of this Section by giving the other party written notice
of the new address in the manner set forth above. Any notice given as set forth in this Section XII will be
effective on the day of hand delivery, two (2) business days after mailing, the next business day if sent by
overnight commercial courier service, or the day of receipt by the other party if given by facsimile letter (or
the next business day if the day of receipt is not a business day).
IN WITNESS WHEREOF, the parties have executed and delivered this Agreement effective as of the
date first written above.
Licensor: Licensee:
By: By:
Name: Name:
Title: Title:
- 10 -
To:
Re:
The above-named individual has applied for a position with our company and
indicates previous employment with your firm. The information requested below will
help us to evaluate the applicant. We will hold your comments in strict confidence.
Sincerely,
Personnel Department
Please Indicate:
Position With
Your
Firm:
Employed
From Through
Please rate the applicant on the basis of his employment with you (good/fair/poor):
10. This agreement shall be binding upon the parties and their
successors and assigns.
2. Date of Agreement:
7. Prepayment: I have the right to prepay the whole outstanding amount at any time. If
I do, or if this loan is refinanced-that is, replaced by a new note-you will refund the
unearned finance charge, figured by the Rule of 78-a commonly used formula for
figuring
rebates on installment loans.
8. Late Charge: Any installment not paid within ten (10) days of its due date shall
be subject to a late charge of 5% of the payment, not to exceed $ for any such late
installment.
11. Right of Offset: If this loan becomes past due, the lender will have the right to pay this
laon from any deposit or security I have with this lender without notice to me. If the lender
gives me an extension of time to pay this loan, I still must repay the entire loan.
12. Collection fees: If this note is placed with an attorney for collection, then I agree to pay
an attorney's fee of fifteen percent (15%) of the unpaid balance. This fee will be added to the
unpaid balance of the loan.
Agreed To:
Borrower Lender
Borrower