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News Breaks | | | | January 30, 2013 | | 09:02 EDT |  | MBA | CIBT Education says KGIC signs licensing agreement with Beijing based group
CIBT Education Group announced that King George International College has signed a licensing agreement with a Beijing based group to establish the first licensee location in the Beijing area under the brand “KGIC Education Center”. The agreement stipulates that a total of 10 locations will be established in Beijing within 5 years. The first location, to be located at the city center, is expected to commence operation by April. The agreement allows the Licensee to use KGIC’s copyright protected curriculums, teaching methodologies, and CIBT’s Global Learning Network to offer programs of KGIC and CIBT Education Group’s other subsidiaries within Beijing, in consideration for which KGIC will receive an initial set-up fee, an additional fee for each new location, as well as a monthly licensing fee. | |
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