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$400 per month as payment for the performance of the
general office duties. Such payment shall be payable
at the end of every month for that month’s performance.
The licensing and sale agreement provided in relevant part:
LICENSING AND SALE AGREEMENT
* * * * * * *
Charlotte’s Office Boutique, Inc. is engaged in
the fulfillment of office supply orders; and
Charlotte Odell has developed a system to obtain
governmental contracts and qualifies as a woman
business owner,
In consideration of the promises and mutual
covenants herein set forth, the parties agree as
follows:
1. Definitions
A. The term “know-how” as used herein shall mean
select process, sources of supply, marketing data,
sales techniques relating to office supplies, quality
control, inventory control, bid process, and government
contract process.
B. The term “existing contracts” shall mean
contracts executed by Charlotte Odell prior to January
1, 1995, to fulfill supplies and equipment orders. The
term shall also include contracts executed after
January 1, 1995, but based upon bids submitted prior to
January 1, 1995.
C. The term “gross receipts” shall mean the
actual price at which Charlotte’s Office Boutique
invoices its customers for products and as reported on
the corporation’s financial statements. Gross receipts
shall not be reduced by bad debts or any other
uncollected amounts.
2. Transfer of Know-How, Existing Contracts and “Woman-Owned”
Status
A. Charlotte Odell transfers to Charlotte’s
Office Boutique, Inc. the right to assume both the
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Last modified: May 25, 2011