iBosses Pte Ltd | ENTRY INTO IBOSSES LICENSING AGREEMENT WITH BEIJING LICENSEE
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ENTRY INTO IBOSSES LICENSING AGREEMENT WITH BEIJING LICENSEE

iBosses Corporation Limited (ASX: IB8) (“iBosses”) is pleased to announce that the Company’s wholly owned subsidiary, iBosses Pte Ltd has entered into a Licensing Agreement (“LA”) with Ms Bian Lina (“Bian Lina”).

Under the LA, iBosses (“Licensor”), grants and gives to Bian Lina (“Licensee”), effective from and during the continuance of one (1) year from this agreement, the license to establish and carry on the business of marketing in the Territory of Beijing, China (“Territory”), in accordance with the System and Methodology under the iBosses Trademarks and to use the System, the Method, the Trademarks and the Materials within the Territory.

 

The Company will receive an upfront licensing fee and shall be entitled to an ongoing royalty from the Licensee under the LA.

 

The Company will provide updates as and when there are material developments in relation to the LA.

 

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