Licensed Property to Be Provided by Company. Xx. Xxxxx Leman (“Xx. Xxxxx”) is an individual who has registered or will register ownership of proprietary curricula and education programs (the “Leman Curricula”) identified by and used in connection with charter schools operated under the name of “The Leman Academy of Excellence” or “Leman Classical School” (the “Tradename”) as a tradename and a copyrighted name for the purposes of identifying Xx. Xxxxx’x specific educational curricula, programs, vision and academic philosophy (the Leman Curricula and the Tradename shall hereinafter together be referred to as the “Licensed Property”). The Company has obtained rights to the Licensed Property of Xx. Xxxxx as a sublicensee, Leman Classical acknowledges it owns no title to the Tradename or the Licensed Property. The Company hereby grants Leman Classical a non-exclusive sublicense to use the Tradename and Licensed Property for its benefit as a charter school during the term of this Agreement. Leman Classical acknowledges that, subject to the limited license granted herein, it does not possess the copyright and title to the Tradename and any trademarks or service marks relating thereto, and Leman Classical may not assign or otherwise convey said license to any third party. Leman Classical agrees that immediately upon termination for any reason or expiration without renewal of this Agreement, Leman Classical’s license to use the Tradename or Licensed Property shall immediately terminate. If Leman Classical continues to operate, it will thereafter take all necessary action to change the name to avoid infringement upon the rights of Xx. Xxxxx’x Licensed Property or other any licensees of such Licensed Property, and will in no event continue to use the Tradename or Licensed Property in the name of the charter school or in any materials or matters having to do with the charter school.
