Website Assets definition
Examples of Website Assets in a sentence
Concurrently with or promptly after the Closing, MARKETEAM shall send written notification to each of i5ive's vendors, suppliers and other persons with whom it has a similar relationship advising such persons that the Website Assets have been sold to MARKETEAM and i5ive shall have no liability to such persons arising out of transactions engaged in commencing with the time of the Closing.
The foregoing security shall be forgiven, discharged and returned to MARKETEAM if there has not been any sale of all or any portion of the Website Assets within one (1) year of the Closing Date or, if there has been any such sale, if the Proceeds of such sale have been paid by MARKETEAM to i5ive.
The closing of the purchase and sale of the Website Assets (the "Closing") will take place concurrently with the execution of this Agreement at the offices of i5ive, or such other place as may be mutually agreed upon by the Parties.
The CWS Parties shall not sell or otherwise transfer the Website, the domain name(s) therefor, or any assets associated therewith (the “Website Assets”) during the Term without first offering to sell the Website Assets to LQR and negotiating exclusively with LQR for LQR’s purchase thereof.
After the twelve (12) month period the employee’s seniority within the bargaining unit is lost.
For and in consideration of DOUBLE B's payment of the Initial Option Payment pursuant to Article 1.2, i5ive grants DOUBLE B an option to purchase the Website Assets of I5ive, upon the terms and conditions set out in this Agreement (the "Option").
Each Party shall, and shall cause its officers, directors, employees, Representatives, advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning the Website Assets, the i5ive community publishing procedures and protocols, its businesses, operations, and financial position and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement.
Except as disclosed in Exhibit 4.5 hereto, all software developed internally, or externally, for use with the Website Assets was developed initially by i5ive employees or has been assigned, including all copyrights therein, to i5ive.
Upon DOUBLE B's exercise of the Option, and subject to the terms and conditions of this Agreement, at the Closing i5ive, in exchange for DOUBLE B's payment of the Purchase Price, shall sell, assign, transfer, convey, and deliver to DOUBLE B all of i5ive's right, title, and interest in and to the Website Assets, free and clear of any and all Liens.
If the Parties are unable to reach agreement on the purchase or other acquisition by LQR of the Website Assets through exclusive negotiations within ninety (90) days after the date the CWS Parties first notify LQR of the availability of the Website Assets, the CWS Parties shall be free to enter into an agreement with a third party regarding the sale of the Website Assets on terms no more favorable to the third party than the terms that were last offered to LQR.