Exclusive Patent and Related Technology License Agreement (37K)
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EXCLUSIVE PATENT AND RELATED TECHNOLOGY LICENSE AGREEMENT
THIS EXCLUSIVE PATENT AND RELATED TECHNOLOGY LICENSE AGREEMENT
("Agreement") is made as of February 1, 2002 by and between Datamarine
International, Inc., a Washington corporation (together with all of its
subsidiaries, hereinafter "Licensor"), with its principle place of business
located at 7030 220th Street, S.W., Mountlake Terrace, Washington 98043 and
BIZCOM U.S.A., INC., a Florida corporation (hereinafter "Licensee"), with its
principle place of business located at 5440 NW 33rd Avenue, Suite 106, Fort
Lauderdale, Florida 33309 (the signatories to this Agreement being referred to
individually as a "Party" hereto and collectively as "Parties" hereto.
W I T N E S S E T H:
WHEREAS, Licensor owns certain Technology (as hereinafter defined)
which is covered by Licensor's Patent Rights (also as hereinafter defined); and
WHEREAS, Licensor is desirous that the Technology be utilized and
further developed and is therefore willing to grant an exclusive territorial
license and right thereto to Licensee for all of the Technology to which the
Licensor has right, title and interest; and
WHEREAS, Licensee desires to obtain certain exclusive rights from the
Licensor for the commercial development, use, license and /or sale of the
Technology; and
WHEREAS, Licensee will receive know-how relating to the Technology from
the Licensor, including but not limited to access to the Licensor;
NOW, THEREFORE, for and in consideration of the covenants, conditions
and undertakings hereinafter set forth, and for other good and valuable
consideration, the receipt and sufficiency of which is acknowledged by the
parties hereto, the Licensor and Licensee agree as follows:
SECTION 1
DEFINITIONS
1.1 "Technology" as used herein means all technical and economic information,
know-how and data relating to all of the Licensor's current and currently
planned land mobile radio products, all related and /or ancillary products, all
Improvements and Related Technology and Components..
1.2 "Licensor's Patent Rights" as used herein means rights in all proposed
patent applications, pending patent applications, issued patents in the United
States and any foreign country, any claim of which covers any portion of the
Technology, without limitation, as well as any continuation, divisional,
renewal, reissue, reexamination and extension of any such applications or
patents, and any corresponding foreign patents and applications.
1.3 "Territories" as used herein means the United States and its territorial
possessions, Canada and otherwise worldwide.
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