Use of the LOGO and BRAND. The distributor is only authorized, and may only authorize its Dealer(s)/Sub-dealer(s), to use at any Station and associated with the Designated Brand as specified by EVNEXUS from time to time. EVNEXUS reserves the right to replace any or all licensed under this Agreement, if such logo no longer be used, or if EVNEXUS, in its sole and absolute discretion, determines that any such replacement is, in the best interest of EVNEXUS. Further, the distributor shall not, and shall assure that its Dealer(s)/Sub-dealer(s) do not, use any of the logo and other EVNEXUS brands, in whole or in part, or confusingly similar to, including, but not limited to, “EVNEXUS ”, “EVNEXT”, “EVEN”, as part of its corporate or other legal name or for the purposes of naming its convenience store. Distributor may, however, use, and may authorize its Dealer(s)/Sub-dealer(s) to use the logo as part of its trade name or fictitious business name registrations. Any goodwill arising from Distributor’s use or sublicensing of the Logo shall inure solely to EVNEXUS benefit. Upon expiration or termination of this Agreement, no monetary amount shall be allocable to any such goodwill or shall otherwise be recoverable by Distributor for such goodwill.
Appears in 3 contracts
Samples: Distributorship/Dealership Agreement, Distributorship/Dealership Agreement, Distributorship/Dealership Agreement
Use of the LOGO and BRAND. The distributor is only authorized, and may only authorize its Dealer(s)/Sub-dealer(s), to use at any Station and associated with the Designated Brand as specified by EVNEXUS from time to time. EVNEXUS reserves the right to replace any or all licensed under this Agreement, if such logo no longer be used, or if EVNEXUS, in its sole and absolute discretion, determines that any such replacement is, in the best interest of EVNEXUS. Further, the distributor shall not, and shall assure that its Dealer(s)/Sub-dealer(s) do not, use any of the logo and other EVNEXUS brands, in whole or in part, or confusingly similar to, including, but not limited to, “EVNEXUS ”, “EVNEXT”, “EVEN”, as part of its corporate or other legal name or for the purposes of naming its convenience store. Distributor may, however, use, and may authorize its Dealer(s)/Sub-dealer(s) to use the logo as part of its trade name or fictitious business name registrations. Any goodwill arising from Distributor’s Distributor‟s use or sublicensing of the Logo shall inure solely to EVNEXUS benefit. Upon expiration or termination of this Agreement, no monetary amount shall be allocable to any such goodwill or shall otherwise be recoverable by Distributor for such goodwill.
Appears in 1 contract
Samples: Dealership/Distributorship Agreement