0000706015-97-000004 Sample Contracts

AutoNDA by SimpleDocs
RECITALS
Lease • April 4th, 1997 • Filenet Corp • Services-computer integrated systems design
Note 11: Related Party Transaction Watermark originally entered into a republishing and distribution agreement with a UK company (the "Distributor") which provided the Distributor with exclusive distribution rights of Watermark's products in defined...
Filenet Corp • April 4th, 1997 • Services-computer integrated systems design

Note 11: Related Party Transaction Watermark originally entered into a republishing and distribution agreement with a UK company (the "Distributor") which provided the Distributor with exclusive distribution rights of Watermark's products in defined territories. The Chief Executive Officer of the Distributor is the brother of Watermark's then President and Chief Executive Officer. During 1995, Watermark elected to purchase the portion of the Distributor's business related to selling Watermark's products at a negotiated price of $2.5 million which is included in merger and other costs in 1995.

Time is Money Join Law Insider Premium to draft better contracts faster.