License Agreement Process. Business Development (License Agreement Request) Kate: Determine which...
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License Agreement Process
Business Development (License Agreement Request)•Kate: Determine which entity will sign License Agreement
(Tuesday)•Kate: Determine if Personal Guaranty is applicable (Tuesday)•Karina: Create file folder for License Agreement (Tuesday)•Karina: Fill out License Agreement Request Form to G&D
(Tuesday)•Kate: Transmit License Agreement Request Form to G&D,
along with copies of applicable LA & ADA (Tuesday)•Kate: File License Agreement Request Form
License Agreement Process
Real Estate Department (Green light Process)•Receive Site Pack from License Partner•Site is presented at Real Estate Committee •Site is approved by Real Estate Committee •Site is Green Lit by Real Estate (following 4 criteria for green
lighting)•Protected Trade Area is created •Business Development is notified that Site is green lit
License Agreement Process
Graham & Dunn (License Agreement Package)• Prepares License Agreement, Personal Guaranty and Site
Acceptance Letter (Wednesday)•Emails FDD to License Partner (Wednesday)•Mails out License Agreement packet to License Partner
(Wednesday)•Includes “License Partner Directions for Execution” sheet
Dear (Name of Partner): Please note the directions below, as to the execution of the enclosed License Agreement: Sign FDD Receipt on day received via email: 02/15/2011Pinkberry will call you to retrieve FDD Receipt: 02/18/2011 After signing FDD Receipt, wait two weeks to sign License Agreement Sign License Agreement 14 Days after receipt: 03/01/2011Pinkberry will call you to walk through sig pages: 03/04/2011 Return executed License Agreement to Pinkberry: 03/04/2011 Pinkberry will be in contact with you on the dates above to guide you through the signature process. If you have any questions regarding the above, you are more than welcome to contact me at any time. Best regards, Kate Hewitt,
License Agreement Process
Business Development (Follow Up Process)• Karina: Notes when License Partners need to be followed
up with• Kate/Karina: Every Friday, follows up on the phone with
License Partners requesting either the FDD Receipt, or walking them through the License Agreement signing process.
Business Development (Receipt of License Agreement)• Karina: Receipt of FDD Receipt (<5 day following) - File• Kate: Receipt of License Agreement, PTA Map (>14 days
following)• Karina: Prepare License Agreements for Execution by General
Counsel• Kate: Reviews License Agreements, PTA and Continuing
Guaranty for accuracy• Karina: Files one copy of fully executed documents in file
License Agreement Process
Business Development (Closing Process)• Karina: Creates Closing Questionnaire • Karina: Mails one copy of fully executed documents and
Closing Questionnaire back to License Partner• Karina: Follow up to obtain copy of Closing Questionnaire
(3 days following)• Karina/Kate: Update Log and review
Partner Location Greenlit FDD Sent FDD ReceiptReceived
License Agrmnt Sent
License Agrmnt Received
License Agrmnt ReturnedExecuted
Closing Qstnrr Sent
Closing Qstnrr Received
File Papered and Closed
BeallBerry Georgia, LLC The Prado 01/15/11 01/16/11 01/17/11 01/16/11 02/12/11 02/12/11 02/14/11 02/17/11 02/20/11
BeallBerry Georgia, LLC Buckhead Triangle 01/15/11 01/16/11 01/17/11 01/16/11 02/12/11 02/12/11 02/14/11
RE: Receive Site Review RequestRE: Real Estate Review CommitteeRE: Create Trade AreaRE: Green Light Proposed LocationKate: Determine what entity will sign License AgreementKate: Determine if Personal Guaranty is requiredKarina: Fill out License Agreement Request FormKarina: Transmit License Agreement Request Form to G&D, along with copies of applicable LA & ADAG&D Prepares License Agreement, Personal Guaranty and Site Acceptance LetterG&D emails FDD to License PartnerG&D Mails out License Agreement packet to License PartnerKarina: Follow up on FDD Receipt until received (immediately)Karina: File FDD receipt in applicable fileKarina: Follow up on License Agreement and PTA Map until received (21 days following)Karina: Prepare License Agreements for Execution by General CounselKate: Reviews License Agreements, PTA and Continuing Guaranty for accuracyKarina: Files one copy of fully executed documents in fileKarina: Creates Closing Questionnaire Karina: Mails one copy of fully executed documents and Closing Questionnaire back to License PartnerKarina: Follow up to obtain copy of Closing Questionnaire (3 days following)Karina, Kate: Update Log and review
License Agreement ProcessName of Location:License Partner:
Date FDD Emailed:Date LA Pack Mailed:
Date Follow Up FDD:Date Follow Up LA:
Protected Trade Area MapLicense Agreement Request FormLetter from Graham & DunnSigned FDD ReceiptSigned Personal GuarantyFully Executed License AgreementClosing Questionnaire
License Agreement ProcessName of Location:License Partner:
Date FDD Signed:Date LA Signed:Effective Date of LA: