DPAC receives royalty‑free DPPS trademark license
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Description
Democracy Prep at the Agassi Campus secured a royalty‑free Trademark License Agreement from Democracy Prep Public Schools Inc. effective July 1, 2026, allowing continued use of specified DPPS trademarks and curriculum. The agreement provides a time‑limited transitional signage license and a renewable five‑year term for ongoing mark and curriculum use under strict quality‑control and termination conditions.
Contract Details
Vendor
DEMOCRACY PREP AT THE AGASSI CAMPUS
Agency
Bronx Preparatory Charter School, NY
Contract Type
LICENSE
Document Date
March 1, 2026
Contract Term
Effective as of July 1, 2026; transitional trademark license for up to one (1) year after the Closing Date, with a possible extension up to six (6) additional months for regulatory approvals; ongoing DPPS trademark and curriculum license for an initial five (5) year term with successive five (5) year renewal terms unless non‑renewed with at least thirty (30) days’ notice before term end
Renewal Info
Transitional license is for up to one (1) year after the Closing Date and may be extended for up to six (6) months to secure necessary governmental approvals. The ongoing DPPS trademark and curriculum license has an initial five‑year term with automatic five‑year renewals unless DPAC or DPPS gives at least thirty (30) days’ notice before the end of the current term of its intention not to renew, or the agreement is terminated earlier for material breach or failure to cure quality‑control deficiencies.
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