License Work. Contractor shall fully comply with all state and federal contractor’s licensing laws and requirements (the “Licensing Requirements”) applicable to Contractor’s performance of the Work. Any and all such Work (or related services) requiring a contractor’s license shall be deemed “Licensed Work.” Builder shall have no right or obligation to perform Work. All Licensed Work shall be performed (or caused to be performed) by Contractor (and Builder shall have no obligation with respect thereto). All references in this Agreement or the Option Agreement requiring Builder to perform Licensed Work shall be interpreted as requiring such Licensed Work to be performed by the Applicable Licensed Affiliate. The parties agree to execute such additional assurances, documents or confirmations, each in form and substance reasonably acceptable to such party, as are required for Owner, Builder, and/or the Applicable Licensed Affiliate to comply with the Licensing Requirements. Contractor shall deliver (which delivery may be via e-mail) such assurances, documents and confirmations as are required for Owner to comply with the Licensing Requirements to Owner for Owner’s review and execution; provided that if Owner fails to approve or execute any such assurances, documents and confirmations within five (5) business days of Contractor’s delivery of the same to Owner (which delivery may be via e-mail), then, Contractor may execute those assurances, documents and confirmations pursuant to the Power of Attorney.
License Work. If you’ve composed a written work or song that you wish to promote commercially, you will want to license your work to allow others to distribute or perform it for a fee. A license may be exclusive or nonexclusive and can be restricted by factors such as purpose, territory, duration, and media. An exclusive license allows only the party who signed an agreement with you (the licensee) to exercise the right being licensed. A nonexclusive license allows multiple licensees to exercise the same rights being transferred in the license. Exclusive licenses typically must be in writing to be valid, given the broad scope of such licenses, and all licenses should be recorded with COSOTA. For example, if you’ve written a novel and wish to market it through a publisher, you can enter into a license agreement which grants the publisher the rights to copy and distribute the book in a specified geographic region. The publisher would enjoy these rights for the time period specified in the agreement. Unless specified in your agreement, the publisher would not have other rights related to your novel, such as the right to distribute the novel as an audio book or the right to turn it into a movie.
License Work. Licensee shall use commercially reasonable efforts to cause the Licensee Group to exercise the License Rights in accordance with all applicable laws, ordinances, codes, regulations and other requirements of governmental authorities (collectively, “Applicable Laws”), the terms and conditions set forth in Section 2.4 of the Purchase Agreement and in a reasonably safe and prudent manner, so as to not expose the Premises, Landlord or Tenant to any unreasonable hazard, risk or liability beyond those risks and hazards normally associated with similar construction work. Either Landlord or Tenant shall have the right to monitor Licensee’s exercise of the License Rights. Licensee shall not exercise the License Rights in a manner that creates a nuisance or poses an unreasonable risk of harm to the safety of persons or property beyond those risks normally associated with similar construction work. The exercise by the Licensee Group of the License Rights shall be at Licensee’s sole cost and expense, except as otherwise expressly provided in the Purchase Agreement. Upon the expiration or earlier termination of the License Rights, Licensee shall promptly repair any damage to the Premises caused by the exercise of the License Rights.
