EXHIBIT 10.13
ASSIGNMENT AND LICENSE AGREEMENT
This Assignment and License Agreement (this "Agreement") is made as of
November __, 1998 (the "Effective Date") by and between Creative Computer, Inc.,
("Creative"), a Delaware corporation, and uBID, Inc. ("uBID"), a Delaware
corporation (collectively the "Parties").
RECITAL
WHEREAS, Creative has delivered to uBID certain software for online
Internet-based system for auctioning computer equipment;
WHEREAS, Creative wishes to assign to uBID certain rights to such software
as set forth herein;
NOW THEREFORE, the Parties hereby agree as follows:
AGREEMENT
1. DEFINITIONS
For the purposes of this Agreement, the following terms shall have the meanings
ascribed to them as follows:
1.1 "Subject Software" shall mean the computer software developed by
Creative employees and by third-party developers under contracts
between Creative and such developers and delivered to uBID prior to
the Effective Date relating to the online auctioning of computer,
electronics and home and leisure products, including, without
limitation, all user manuals, reference manuals and other
documentation and materials relating thereto; any derivative works,
fixes, upgrades, updates, enhancements or new versions thereof, in
existence as of the Effective Date.
1.2 "Generic Software" shall mean those portions of the Subject Software,
including but not limited to source code subroutines, that are not
specific to the operation of uBID's current online Internet-based
system for auctioning of computer, electronics and home and leisure
products, but can be (with or without modification) used for other
functions.
2. ASSIGNMENT
For good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, Creative hereby assigns, conveys, grants and transfers and
agrees to assign, convey, grant and transfer to uBID all of its right, title,
and interest in the copyrights in the Subject Software, including the right to
make derivative works thereof, the right to use the designs, techniques,
inventions, and concepts embodied therein, and all rights to causes of action
and remedies related thereto (including, without limitation, the right to xxx
for past infringement or violation of rights related to the foregoing), provided
that, Creative retains the right to continue using in its business the ideas,
inventions, knowhow, and other technology (including but not limited to computer
software design or expression) that is part of the general knowledge of Creative
employees without reference to any tangible material.
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Upon uBID's request and at uBID's expense, Creative shall take all commercially
reasonable steps, including without limitation, the prompt execution and
delivery of documents in recordable form, to vest all of Creative's copyrights
to the Subject Software in uBID.
3. LICENSE GRANT
uBID hereby grants to Creative a nonexclusive, transferable, assignable,
royalty-free, world-side, irrevocable, perpetual license, with the right to
sublicense, to reproduce, prepare derivative works of, and distribute the
Generic Software.
4. DISCLAIMER OF WARRANTIES
CREATIVE DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY, OR
OTHERWISE, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE, TITLE, OR NON-INFRINGEMENT OF THIRD-PARTY
RIGHTS. NO REPRESENTATION OR OTHER AFFIRMATION OF FACT, INCLUDING BUT NOT
LIMITED TO STATEMENTS REGARDING THE PERFORMANCE OF SOFTWARE, THAT IS NOT
CONTAINED IN THIS AGREEMENT SHALL BE BINDING ON EITHER PARTY. UBID ACKNOWLEDGES
THAT THE SERVICES WERE PERFORMED FOR IT IN THE PAST, THAT IT HAS ALREADY HAD AN
OPPORTUNITY TO ACCEPT OR REJECT THE SUBJECT SOFTWARE, AND THAT IT TAKES THE
SUBJECT SOFTWARE ON AN "AS IS" BASIS.
5. LIMITATION OF LIABILITY
In no event shall either Party be liable to the other for any special,
consequential, incidental, indirect, or punitive damages of any kind (including,
without limitation, lost revenues or profits, loss of business, or loss of data)
whether or not informed in advance of the possibility of such loss, however
caused, whether for breach or repudiation of contract, breach of warranty,
negligence, or otherwise.
6. MISCELLANEOUS
6.1 This Agreement will be governed by and construed in accordance with
the laws of California, without reference to its choice of law rules.
6.2 If any provision of this Agreement is determined to be invalid or
unenforceable, the validity or enforceability of the other provisions
or of this Agreement as a whole shall not be affected; and, in such
event, such provision shall be changed and interpreted so as best to
accomplish the objectives of such provision within the limits of
applicable law or applicable court decision.
6.3 This Agreement serves to document formally the entire understanding
between the parties relating to the subject matter hereof, and
supersedes and replaces any
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prior or contemporaneous agreements, negotiations or understandings
(whether oral or written), relating generally to the same subject
matter.
6.4 No amendment or modification of any provision of this Agreement shall
be effective unless in writing and signed by a duly authorized
signatory of the party against which enforcement of the amendment or
modification is sought.
6.5 This Agreement, together with all rights and obligations hereunder,
may be assigned or transferred without limitation.
6.6 This Agreement shall be binding upon the Parties and shall inure to
the benefit of the Parties and their successors and assigns.
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed
by their duly authorized representatives as of the Effective Date.
Creative Computers, Inc. uBID, Inc.
By: By:
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Name (Print): Name (Print):
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Title: Title:
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