Common use of MEMORANDUM OF RIGHT OF FIRST REFUSAL Clause in Contracts

MEMORANDUM OF RIGHT OF FIRST REFUSAL. This Memorandum of Right of First Refusal (“Memorandum”) is effective as of the day of , 2011 (“Effective Date”) among Marriott International, Inc., a Delaware corporation (“MII”), and Marriott Worldwide Corporation, a Maryland corporation (“MWC”) (MII and MWC are referred to collectively herein as “Licensor”), and , a (“Owner”).

Appears in 2 contracts

Sources: License Agreement (Marriott International Inc /Md/), License, Services and Development Agreement (Marriott Vacations Worldwide Corp)