Examples of Seacret in a sentence
The Confirmation Order shall contain a finding that if the Seacret Trademark License has not been revoked, the Seacret Trademark License is revoked as of the Effective Date, and Seacret shall have no future right to use the corporate name, trademarks and tradenames of Debtors.
Nothing in the Plan, including the revocation of the Seacret Trademark License, constitutes a termination of or assumption and assignment of the Limited Solicitation Agreement by the Debtors, and all rights of the Debtors to recover the Seacret Royalty and/or any claims against Seacret pursuant to the Limited Solicitation Agreement are hereby unaffected by the Plan and preserved for the benefit of the Liquidating Trust and the beneficiaries thereof.
As the deterioration of sales and the acceleration of migration of Sales Representatives to Seacret continued, the Debtors hired Erik Toth (“ Toth”) and Larx Advisors, Inc.
Subsequently, on November 11, 2020, the Debtors’ Chief Legal Officer and Chief Operating Officer, among others, executed a Limited Solicitation Agreement (the “Solicitation Agreement”) with Seacret.
On July 22, 2020, the Debtors and Seacret executed a Co-Marketing Agreement where the Debtors’ Sales Representatives were permitted to purchase and sell Seacret’s products with no reciprocity provided to the Debtor.
As discussions and negotiations with Seacret stalled, and an agreement on the terms and conditions of a purchase agreement seemed too distant, the Debtors in conjunction with Larx developed and distributed solicitation documents to a pool of over two hundred potentially interested parties.
Negotiations with SeacretBefore the Petition Date, and as a result of discussions among the Debtors and MCA as the collateral agent, on behalf of the Secured Parties, the parties agreed that the Debtors would conduct negotiations with another direct sales business, Seacret Direct, LLC (“ Seacret”), regarding a possible acquisition or merger of the two.
For purposes of this Application for Temporary Restraining Order, the Court finds WorldVentures will likely sustain immediate and irreparable harm due to Head’s breach of his Employment Agreement and the non-competition restrictions due to his employment by Seacret.
Participating in a multi-level marketing membership-based travel business including for Seacret Direct, LLC.
Plaintiff alleges that Seacret is implementing a new “lifestyle” company that provides membership-based travel services marketed through direct sales in domestic and international countries, which is a Competing Business.