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K. LEE GIFTS 2 -2008
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K. LEE GIFTS 2 -2008
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Last modified
1/3/2012 2:42:10 PM
Creation date
7/3/2008 4:30:59 PM
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Contracts
Company Name
K. LEE GIFTS
Contract #
N-2008-078
Agency
COMMUNITY DEVELOPMENT
Expiration Date
6/30/2009
Insurance Exp Date
5/21/2008
Destruction Year
0
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DO NOT RECORD <br />ARTICLE 6-ASSIGNMENT, ABANDONMENT, DEFAULT, INSOLVENCY <br />Section 6.01 Assignment <br />Licensee may not assign this Agreement. This Agreement is personal to Licensee, and <br />Licensee will not assign, transfer or sell this Agreement or any privilege hereunder in <br />whole or in part, and any attempt to do so will be void and confer no right upon any third <br />party. Licensee shall have the right to enter into contractual agreements with independent <br />contractor acting as agent, package deliverers, monetary or other transmittal operators. <br />Section 6.02 Abandonment by Licensee <br />Should Licensee breach this Agreement and abandon the License Area prior to the <br />expiration of the Term, Licensor may: <br />(a) Continue this License in effect by not terminating Licensee's right to the <br />License Area, in which event Licensor shall be entitled to enforce all of its <br />rights and remedies under this Agreement, including the right to recover <br />the compensation consideration specified in this Agreement as it becomes <br />due under this Agreement; or <br />(b) Terminate this Agreement and recover from Licensee: <br />1. The worth at the time of award of the unpaid compensation which has <br />been earned or the sum of one (1) year's compensation, whichever is <br />greater, at the time of termination of the Agreement; or <br />2. The worth at the time of award of the amount by which the unpaid <br />compensation which would have been eamed after termination of the <br />Agreement until the time of award exceeds the amount of <br />compensation loss that Licensee proves could have been reasonably <br />avoided; or <br />3. The worth at the time of award of the amount by which the unpaid <br />compensation for the balance of the term of this Agreement after the <br />time of award; and, <br />4. Any other amount necessary to compensate Licensor for all detriment <br />proximately caused by Licensee's failure to perform its obligations <br />under this Agreement. <br />Section 6.03 Default by Licensee <br />Should Licensee default in the performance of any of the terms, conditions, or obligations <br />contained in this Agreement, Licensor may, in addition to the remedies specified in <br />Section 6.02 of this License, re-enter and regain possession of the License Area in the <br />manner provided by the laws of unlawful detainer of the State of California then in effect. <br />
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