Starbucks Master License Agreement- March 05, 2022
With the change of ownership in Brazil, Starbucks retail stores in all 17 markets in Latin America and the Caribbean will be fully licensed. Starbucks is currently present in Argentina, Aruba and Curacao, Bahamas, Brazil, Bolivia, Chile, Colombia, Costa Rica, El Salvador, Guatemala, Jamaica, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago. Starbucks will also open in Uruguay later this year. Seller maintains a quality assurance program acceptable to Starbucks for all products provided for in the Agreement. Without limiting the generality of the foregoing, (i) if the Products are food or beverage products or contain an ingredient or component used in any Food or Beverage Product, Seller shall comply with the Starbucks Food Supplier Standards, as such standards may be amended, modified or modified by Starbucks from time to time, and (ii) if the Products are non-food products. Next, the seller must comply with Starbucks standards for non-food suppliers, as these standards may be changed, changed, or modified by Starbucks from time to time. The then current versions of the above standards can be found under starbucks.com/suppliers. Seller represents, warrants and covenants to Starbucks that all products and services: (i) are free from defects; (ii) are commercially available and suitable for their use; (iii) comply with the specifications and other requirements of the Agreement; (iv) are free and free from any privilege, claim or charge; (v) comply with any applicable law, regulation, regulation, rule or governmental order; and (vi) not to infringe or infringe the intellectual property rights of any third party. Seller further warrants that all services under this Agreement will be provided by personnel with the experience, training, skills and other qualifications necessary to provide the Services and that they will be provided in a timely, professional and professional manner in accordance with the highest industry standards.
Seller further represents and warrants that: (i) Seller has complied and will comply with any applicable laws, regulations, regulations, rules or government orders; (ii) Seller has all licenses, permits, rights, powers and powers necessary to enter into the Agreement and perform its obligations under the Agreement; and (iii) the performance and performance of the Contract will not result in Seller`s breach of any agreements, understandings, legal proceedings, judgments or decrees to which Seller is a party or bound. Unless otherwise specified in an Order, all warranties contained in the Agreement are in addition to any other express, implied or statutory warranties that apply to Seller or the Products or Services. “We strongly believe this is the right time to leverage a strong local business partner like SouthRock to pursue our ambitious long-term growth agenda for Brazil,” said Ricardo Rico, general manager and vice president of Starbucks licensed store operations, Latin America. “SouthRock has a strong track record of providing unique retail experiences to its customers in Brazil, creating meaningful opportunities for its employees, and investing in the Brazilian economy. They are the ideal partner to lead the Starbucks brand into the next phase of profitable growth in Brazil. Since 1971, Starbucks Coffee Company has been committed to the ethical sourcing and roasting of high-quality Arabica coffee. Today, Starbucks is the world`s leading roaster and retailer of specialty coffees, with more than 27,000 stores worldwide. Through our unwavering commitment to excellence and guiding principles, we bring the unique Starbucks experience to life for every customer through every cup. To share the experience, please visit our stores or online at Starbucks.com and news.starbucks.com. In terms of administrative aggregation, Starbucks uses both partnership strategies with local companies abroad and licensing agreements in the countries in which it operates to facilitate the establishment of its operations and, in turn, achieve economies of scale. In addition, administrative conflicts sometimes need to be resolved in order to follow the aggregation. Due to the size of the company, Starbucks has to buy from farms of all sizes, while Fairtrade focuses exclusively on small farms organized into cooperatives.
QIAGEN and OncXerna enter into a global framework agreement to advance the development of oncXerna`s™ Xerna TME panel as a potential next-generation sequencing (NGS) companion diagnostic for OncXerna`s navicixizumab. The agreements include a non-exclusive license for QIAGEN to the OncXerna Xerna™ TME panel Starbucks Franchise Fee 2021 (simple analysis and statistics) Rental details: Franchising is a way to help stores grow, but Starbucks prefers licenses to maintain better control over stores and product quality. However, if you want to pay for a Starbuck-licensed store, the cost is estimated at $315,000. As part of the licensing agreement, Starbucks will acquire a stake in Brightloom and secure a seat on the company`s board of directors. .