Transcription of NBA PROPERTIES, INC
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NBA PROPERTIES, INC
TO: Prospective Licensee FROM: nba properties , Inc. ( NBAP ) RE: PROSPECTIVE NBA LICENSE APPLICATION Attached please find a prospective national basketball association ( NBA ) license application. We appreciate your interest in applying for an NBA license. NOTE: NBAP reviews each application submitted, however, we receive far more applications for licenses than we are able to grant. You should be aware that, as standard license terms, NBAP requires, among other things, payment of the following: (i) a royalty on the net sales of each licensed article sold; (ii) an annual minimum guarantee and (iii) a merchandise credit to NBAP for the licensed articles (all of the above in amounts to be determined by NBAP). Moreover, as a prerequisite to NBAP s consideration of a new licensee, the applicant must have an established means of distribution and a sufficient direct sales force (or number of sales representatives) to actively promote the sale of the licensed articles throughout the authorized territory.
TO: Prospective Licensee FROM: NBA Properties, Inc. (“NBAP”) RE: PROSPECTIVE NBA LICENSE APPLICATION Attached please find a prospective National Basketball Association (“NBA”) license application.
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