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    Description

    Walt Disney signed historical legal license for use of his name by Walt Disney Inc. (1953) Executed in Burbank, California, April 3, 1953, this historic document marks a significant milestone event in the Disney legacy. In 1953 Walt Disney released his animated feature Peter Pan, thus fulfilling his relationship to RKO and paving the way for the founding of his own Buena Vista Distribution Company. As Disney embarked on this new chapter of autonomy over his company's product, it was time for him to grant a license for use of his name, which had become a valuable brand unto itself, and a household name throughout the world. With plans to expand the Disney media empire into television, theme parks, and myriad products, this document of licensing was executed. Consisting of an 8.5 x 11 in. 2-page typed legal document stapled at the top of the pages to an 8.5 x 14 in. backing sheet. Signed in fountain pen, "Walter E. Disney" on the second page and countersigned by Walt Disney Inc. Secretary, "William J. Hyland", the contract reads, in part: "1. Subject to the terms and conditions here and after set forth, Disney hereby grants to the corporation [Walt Disney Incorporated] the right and license to use his name for all commercial purposes. 2. Disney's name as used herein, includes all forms and variations of his name... 6. The term of the license herein granted shall be perpetual. 7. As full consideration and compensation for all of the rights, licenses and properties granted to the Corporation hereunder, the Corporation agrees to issue and deliver to Disney as fully paid 150 shares of the capital stock of the Corporation... 10. The right and license to use Disney's name herein granted shall not be exclusive and nothing herein contained shall prevent Disney from using his name in any manner he may seem fit." With "Walt Disney Incorporated" blind stamp at lower left corner. Exhibiting folds and minor handling. In vintage fine condition.

    Auction Info

    Auction Dates
    December, 2016
    19th Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 31
    Sold on Dec 19, 2016 for: Sign-in or Join (free & quick)
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