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January 7, 2013
14:09 EDTSNAKThe Inventure Group enters licensing agreement with Vidalia Brands
Leading specialty food manufacturer, Inventure Foods (SNAK), has entered into a licensing agreement with Vidalia Brands, the Georgia brand synonymous with great-tasting sweet onions, to develop a new line of prepackaged snacks for vending, grocery and convenience store distribution. This license agreement expands Inventure Foods' portfolio of nationally recognized brands that currently includes Jamba, T.G.I. Friday's and Nathan's Famous.
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April 21, 2014
15:15 EDTSNAKInventure Foods amends license agreement with TGI Friday’s
Inventure Foods disclosed in a regulatory filing that on April 15 the company entered into a license agreement, effective March 31, with TGI Friday’s that amends and restates their previous agreement, dated April 3, 2000. Material modifications to the prior agreement include: the term was extended beyond the current expiration date of May 31, 2014 to December 31, 2019, with an automatic renewal for an additional five-year period unless the company notifies TGI Friday’s in writing of its intention not to renew; provisions regarding non-refundable advances to be paid by the company to TGI Friday’s were added; provisions regarding escalating royalty rates were added; the sales minimums required by the company were increased; and the geographic scope of the license was expanded into new countries.

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