Opinion ID: 211988
Heading Depth: 2
Heading Rank: 2

Heading: Chic-Aspex Agreement

Text: Chic Optic, Inc. (“Chic”) is a Canadian corporation based in Montreal, Canada, and Aspex is a Delaware corporation based in Miramar, Florida. Both companies are owned and operated by the Ifergan family. Nonu Ifergan serves as President of both Aspex and Chic. His son, Tierry Ifergan, is the Executive Vice President of Aspex. Chic and Aspex are engaged in the business of distributing eyewear, including auxiliary lenses that attach to primary frames via a magnet, in Canada and the United States, respectively. In March 1998, Chic and Aspex entered into a written license agreement wherein Chic was defined as the “LICENSOR” and Aspex as the “LICENSEE” (“Chic-Aspex Agreement”). Under the terms of this agreement, Chic granted Aspex an exclusive 2 license in the United States to any rights it had acquired from third parties relating to patents involving magnetic eyewear. Since the execution of the agreement, Aspex has purchased products made according to the asserted patents from Chic for resale in the United States.