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- Oct 27, 2011
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Read it...its a development agreement wrapped in a licensing agreement. IC Expert can't do squat without Licensor's approval. Its actually a pretty slick deal. Though I don't think it would get far in the US. It gives the Licensor literally all the rights of a developer and none of the financial obligation. Would love to know if Trump has any Licensing deals in the States based on the foundation laid in this LOI. I would be less inclined to think Trump Org could get away with it in the US. I would love to see how often they have used it and where. I would love to see if the Trump Soho deal was so designed.
Never mind. If you want to say the magic words, "its a development agreement wrapped in a licensing agreement", so you can accuse Trump of doing something he didn't do, you go ahead and do it with someone else.
You are dismissed.