DSDP definition
Examples of DSDP in a sentence
DSDP may terminate the DSDP license upon written notice to Sponsor and such license shall be deemed automatically terminated upon the termination of this Agreement.
Sponsor and DSDP acknowledge that a certain sponsorship benefit set forth on the Agreement may from time to time become impractical or otherwise unavailable.
Except for the license granted pursuant to this Section 1(a), DSDP shall solely hold and own all right, ownership, interest, and title in and to the DSDP IP.
Sponsor may terminate this Agreement if DSDP materially breaches the Agreement and such breach remains uncured after Sponsor provides notice to DSDP and gives DSDP a reasonable opportunity to cure, in which case DSDP shall refund the Sponsorship Amount to Sponsor.
Notwithstanding colloquial descriptions of Sponsor as a “partner,” nothing herein shall be construed as establishing a legal partnership, joint venture or agency relationship between DSDP and Sponsor.
DSDP will not be liable to Sponsor for any failure or delay in its performance of the Agreement or any Event if such failure or delay arises out of causes beyond the control of DSDP, including but not limited to acts of god, terrorist, riots, fire, earthquakes, floods, accidents, strikes, shortages, communication outages, power outages, and widespread contagion or pandemic.
Notices to DSDP shall be sent to ▇▇▇ ▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇, attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇, SVP Membership & Events; and notices to Sponsor shall be sent to the address set forth below Sponsor’s signature block in the Agreement, attention: President.
DSDP may immediately terminate the Agreement upon written notice to Sponsor if: (i) Sponsor fails to pay the Sponsorship Amount to DSDP within the timeframe set forth in the Agreement; (ii) Sponsor’s acts, omissions, policy decisions, or the nature of Sponsor’s business is or becomes unethical, inconsistent with public policy or the values represented by DSDP, or in DSDP’s reasonable discretion would otherwise negatively affect the reputation of DSDP.
In such event, no default will be deemed to have occurred and DSDP will have no obligation to provide such sponsorship benefit, provided, however, that DSDP will use commercially reasonable efforts to provide or make available to Sponsor one or more substitute sponsorship benefits in lieu of the benefit that is not provided or becomes impractical.
Notwithstanding the term of the Sponsor License set forth above, after the termination of such license, DSDP is authorized by Sponsor to continue the use, publication, distribution, or other display of any marketing materials, promotional materials, advertisements, pamphlets, lists, or other materials which contain or incorporate Sponsor IP after the termination of such license to the extent the foregoing were created, published, or produced prior to the termination or expiration of the Sponsor License.