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PROPOSED LICENSE AGREEMENT
Department: Department of Real Estate Management
Request: To approve a new license agreement
Licensor: County of Cook
Licensee: West Publishing Corporation
Location: 50 West Washington Street, Suite 706, Chicago, Illinois 60602
Term/Extension Period: 8/1/2020 - 6/30/2021
Space Occupied: One desk and related equipment
Monthly Rent: $500.00 adjusted annually by the CPI
Fiscal Impact: Revenue Generating, approximately $6,000.00 annually
Accounts:
Option to Renew: Renews automatically for successive one (1) year periods
Termination: Licensor may terminate upon 30-days written notice. Licensee may terminate upon 60-day written notice before an anniversary date of the Commencement Date.
Utilities Included: Yes
Summary/Notes: The proposed License Agreement will allow the Licensee the non-exclusive use of desk space in the press room space to carry out research for Licensee’s media business. Approval is recommended.
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