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Sarasota County Schools
THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 3:00 P. M.
July 17, 2007 Board Meeting
Agenda Item #25


Title
APPROVAL OF THE LICENSE AGREEMENT BETWEEN THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA ("LICENSOR") AND TEAM EDITION APPAREL, INC. ("LICENSEE")

Description

Team Edition Apparel (TEA) has partnered with Champs Sports to introduce High School "licensed" product to the retail marketplace. The district would receive a 12% Royalty off of net sales for each wholesale unit sold by TEA. The athletic departments would receive 8% and the district would receive 4%.

 

This agreement would not infringe on the schools rights to sell and market items by their booster clubs or the school itself.

 

This program is designed to hit an untapped market and TEA would work with each school and a design committee to put together quality products to be sold in Champs at the Major Mall locations (Bradenton, Sarasota, and Port Charlotte).

 

This would be a new revenue source for our schools and help schools recover monies that are lost through outside groups marketing and profiting off of our schools and their logos.

 

The District's Sponsorship Committee Chaired by Bill Storms agreed with the proposal. It was sent to the Athletic Directors where it was approved unanimously. The contract was reviewed by Art Hardy and sent to the board for approval.

 



Recommendation
That the License Agreement between The School Board of Sarasota County, Florida ("Licensee") and Team Edition Apparel, Inc. ("Licensor") be approved.

Contact
WHITE & CANTEES  

Financial Impact

N/A




Attachment:  SCSB and Team Apparel, Inc..pdf