The Licensee’s Duties and Obligations Sample Clauses

The Licensee’s Duties and Obligations a. The Licensee is responsible for the development of the Food and Beverage Business using Abe Yus Trademarks at its own costs and expense. For the purpose of this clause, the Licensee is responsible for the appointment of new sub-licensees throughout the world and the grant of the rights to new sub-licensees to use Xxx Xxx Trademarks. b. The Licensee shall be solely responsible to prepare and manage its own accounting, billing, collection and payment as may be necessary. For the purpose of this clause, the Licensee shall employ, maintain and assign its own employee to perform the Licensee’s responsibility under this clause. c. It is agreed that a uniform automated point-of-sales solutions as the Licensee deems appropriate from time to time shall be subscribed, installed and used for the Food and Beverage Business using Abe Yus Trademarks for the purposes of streamlining the automated solutions for point-of-sales programs and enhancing the brand value of Xxx Xxx Trademarks. For the purpose of this clause:- (i) The current uniform automated solutions as the Licensee deems appropriate is “TAZTE” by the solutions provider, Treasure Global Inc. (ii) The Licensee shall ensure that prior to the appointment of the Licensee’s Sub-Licensees and the commencement of the Food and Beverage Business using Abe Yus Trademarks, the Licensee’s Sub-Licensees accept and agree to subscribe, install and use the uniform automated solutions subject to the availability and readiness of the uniform automated solutions on the part of the solutions provider. d. In the event that any government or regulatory approval is required for the appointment of the Licensee’s Sub-Licensees, the Licensee shall obtain such approval prior to the commencement date of the said appointment. e. The Licensee shall not do or omit to do anything to diminish the rights of the Licensor in the Abe Yus Trademarks or impair or invalidate or revoke any registration of the Abe Yus Trademarks and shall provide, at the request of the Licensor, all necessary assistance in maintaining such registration. The obligations of the Licensee herein shall not extend to Abe Yus Trademarks which relate to Completed TM Sale. Initial by Xxxxxxxx’x Director: Initial by Licensee’s Director/ Authorized Signatory: 18 f. Save and except for the use of Xxx Xxx Trademarks by the Licensee pertains to Completed TM Sale, the Licensee shall not dispute or challenge, directly or indirectly, the validity of the Abe Yus Trademarks or the ri...
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Related to The Licensee’s Duties and Obligations

  • Rights and Obligations of the Parties 5.2.1. The client is obliged to: 5.2.1.1. Check for an SMS at the moment of issuance of a card, by which means they will receive a pin code, or check the integrity of the envelope in which the pin code is given; 5.2.1.2. Regularly review and abide by card usage and security regulations developed by the Bank, and not allow disclosure of the card and/or pin-code to the third persons; 5.2.1.3. Reimburse those bank expenses which are related to additional service costs of VISA and Mastercard (if any); 5.2.1.4. Use the card to pay the Bank any commission fee related to card servicing (producing, renewal, including in the international stop-list, etc.) and processing card transactions consistent with the tariff established by the Bank and/or international payment systems; 5.2.1.5. Perform transactions on the card account only within the limits of the available balance. The Bank shall impose a penalty on an intentionally or erroneously overspent amount in excess of the available balance according to the tariff established by the Bank for each day of using the surcharge amount; 5.2.1.6. Promptly fill surcharged amount; 5.2.1.7. Promptly notify the Bank about loss of the card; 5.2.1.8. Shall process card payment transaction in the internet only through the web pages having secure payment certifications (web pages where MasterCard SecureCode or Verified by VISA logos are depicted, allowing for making payment with 3D security code). The bank shall bear no responsibility for the transactions of the client made at the web-pages having no secure payment certifications. 5.2.2. The client is authorized to: 5.2.2.1. At any time obtain information on transactions held at the card account and request statements reflecting such transactions. The client is authorized to become familiar with the transactions made at the card accounts in the internet banking and/or address JSC “Pasha Bank Georgia” telephone services center – contact center and/or any branch of the bank to obtain such information. Card transactions statements shall be issued in a form requested by the client in the timelines established by the bank, however no later than 2 (two) banking days after the request of the client has been made. The bank is entitled to establish the commission for issuing the transaction statement made for the card account. 5.2.2.2. Submit a justified claim on transactions performed on the card account consistent with clause 5.4 of the present agreement. 5.2.3. The client acknowledges that: 5.2.3.1. Cards produced by the Bank are equipped with contactless technology; 5.2.3.2. Throughout the territory of Georgia, contactless card transactions without a pin code are permitted to the amount of up to 100 (one hundred) GEL. The Bank does not bear responsibility and does not accept claims from clients for contactless transaction(s) performed with the card account of a client up to 100 GEL throughout Georgia (notwithstanding the number of such transactions performed with the card).

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