IPT » Topics » License Arrangement

These excerpts taken from the IPT 10-K filed Mar 23, 2009.

License Arrangement

 

The Company has an agreement with Taymark, a direct marketer of party supplies, to license the iParty.com name to Taymark, which now operates the website at www.iparty.com.  Under the agreement, Taymark pays the Company a 15% royalty on all net sales realized through its operation of www.iparty.com.  Royalties have not been material in 2006, 2007 or 2008. The original term of this agreement was for a period of two (2) years.  If this agreement is not terminated, it automatically renews for successive one-year periods.  On July 8, 2008, the Company entered into its fourth consecutive one-year renewal period.

 

License Arrangement

 

The Company has an agreement with Taymark, a direct marketer of party supplies, to license the iParty.com name to Taymark, which now operates the website at www.iparty.com.  Under the agreement, Taymark pays the Company a 15% royalty on all net sales realized through its operation of www.iparty.com.  Royalties have not been material in 2006, 2007 or 2008. The original term of this agreement was for a period of two (2) years.  If this agreement is not terminated, it automatically renews for successive one-year periods.  On July 8, 2008, the Company entered into its fourth consecutive one-year renewal period.

 

License Arrangement

 

The Company has an agreement with Taymark, a direct marketer of party supplies, to license the iParty.com name to Taymark, which now operates the website at www.iparty.com.  Under the agreement, Taymark pays the Company a 15% royalty on all net sales realized through its operation of www.iparty.com.  Royalties have not been material in 2006, 2007 or 2008. The original term of this agreement was for a period of two (2) years.  If this agreement is not terminated, it automatically renews for successive one-year periods.  On July 8, 2008, the Company entered into its fourth consecutive one-year renewal period.

 

License
Arrangement



 



The
Company has an agreement with Taymark, a direct marketer of party supplies, to
license the iParty.com name to Taymark, which now operates the website at
www.iparty.com.  Under the agreement,
Taymark pays the Company a 15% royalty on all net sales realized through its
operation of www.iparty.com.  Royalties
have not been material in 2006, 2007 or 2008. The original term of this
agreement was for a period of two (2) years.  If this agreement is not terminated, it
automatically renews for successive one-year periods.  On July 8, 2008, the Company entered
into its fourth consecutive one-year renewal period.



 



License
Arrangement



 



The
Company has an agreement with Taymark, a direct marketer of party supplies, to
license the iParty.com name to Taymark, which now operates the website at
www.iparty.com.  Under the agreement,
Taymark pays the Company a 15% royalty on all net sales realized through its
operation of www.iparty.com.  Royalties
have not been material in 2006, 2007 or 2008. The original term of this
agreement was for a period of two (2) years.  If this agreement is not terminated, it
automatically renews for successive one-year periods.  On July 8, 2008, the Company entered
into its fourth consecutive one-year renewal period.



 



License
Arrangement



 



The
Company has an agreement with Taymark, a direct marketer of party supplies, to
license the iParty.com name to Taymark, which now operates the website at
www.iparty.com.  Under the agreement,
Taymark pays the Company a 15% royalty on all net sales realized through its
operation of www.iparty.com.  Royalties
have not been material in 2006, 2007 or 2008. The original term of this
agreement was for a period of two (2) years.  If this agreement is not terminated, it
automatically renews for successive one-year periods.  On July 8, 2008, the Company entered
into its fourth consecutive one-year renewal period.



 



These excerpts taken from the IPT 10-K filed Mar 13, 2008.

License Arrangement

 

On July 8, 2003 the Company signed an agreement with Taymark, a direct marketer of party supplies, to license the iParty.com name to Taymark, which now operates the website at www.iparty.com.  In return, Taymark pays the Company a 15% royalty on all net sales realized through its operation of www.iparty.com.  The term of this agreement is for a period of two (2) years, unless sooner terminated.  If this agreement is not terminated, it automatically renews for successive one-year periods.  On July 8, 2005, July 8, 2006 and July 8, 2007, the Company entered into one-year renewal periods.

 

License
Arrangement



 



On July 8,
2003 the Company signed an agreement with Taymark, a direct marketer of party
supplies, to license the iParty.com name to Taymark, which now operates the
website at www.iparty.com.  In return,
Taymark pays the Company a 15% royalty on all net sales realized through its
operation of www.iparty.com.  The term of
this agreement is for a period of two (2) years, unless sooner
terminated.  If this agreement is not
terminated, it automatically renews for successive one-year periods.  On July 8, 2005, July 8, 2006 and July 8,
2007, the Company entered into one-year renewal periods.



 



This excerpt taken from the IPT 10-K filed Mar 19, 2007.

License Arrangement

On July 8, 2003 the Company signed an agreement with Taymark, a direct marketer of party supplies, to license the iParty.com name to Taymark, which now operates the website at www.iparty.com.  In return, Taymark pays the Company a 15% royalty on all net sales realized through its operation of www.iparty.com.  The term of this agreement is for a period of two (2) years, unless sooner terminated.  If this agreement is not terminated, it automatically renews for successive one-year periods.  On July 8, 2005 and July 8, 2006, the Company entered into one-year renewal periods.

This excerpt taken from the IPT 10-K filed Mar 30, 2006.

License Arrangement

 

On July 8, 1999, the Company entered into a product fulfillment agreement with Taymark, a direct marketer of party supplies, to utilize the direct marketer’s inventory and fulfillment services to deliver merchandise ordered on the Company’s website, or directly through a toll-free telephone number, to consumers.

 

On July 8, 2003 the Company signed a new agreement with Taymark to license the iParty.com name to Taymark, which now operates the website at www.iparty.com.  In return, Taymark pays the Company a 15% royalty on all net sales realized through its operation of www.iparty.com.  The term of this agreement is for a period of two (2) years, unless sooner terminated.  If this agreement is not terminated, it shall be automatically renewed for successive one-year periods.  On July 8, 2005, the Company entered into a one-year renewal period.

 

This excerpt taken from the IPT 10-K filed May 27, 2005.

License Arrangement

 

On July 8, 1999, the Company entered into a product fulfillment agreement with Taymark, a direct marketer of party supplies, to utilize the direct marketer’s inventory and fulfillment services to deliver merchandise ordered on the Company’s website, or directly through a toll-free telephone number, to consumers.

 

On July 8, 2003 the Company signed a new agreement with Taymark to license the iParty.com name to Taymark, which now operates the website at www.iparty.com.  In return, Taymark pays the Company a 15% royalty on all net sales realized through its operation of www.iparty.com.  The term of this agreement is for a period of two (2) years, unless sooner terminated.  If this agreement is not terminated, it shall be automatically renewed for successive one-year periods.

 

This excerpt taken from the IPT 10-K filed Mar 25, 2005.

License Arrangement

 

On July 8, 1999, the Company entered into a product fulfillment agreement with Taymark, a direct marketer of party supplies, to utilize the direct marketer’s inventory and fulfillment services to deliver merchandise ordered on the Company’s website, or directly through a toll-free telephone number, to consumers.

 

On July 8, 2003 the Company signed a new agreement with Taymark to license the iParty.com name to Taymark, which now operates the website at www.iparty.com.  In return, Taymark pays the Company a 15% royalty on all net sales realized through its operation of www.iparty.com.  The term of this agreement is for a period of two (2) years, unless sooner terminated.  If this agreement is not terminated, it shall be automatically renewed for successive one-year periods.

 

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