11/27/2023 0 Comments Moso internationalOnce this was discovered, dasso began taking action to unwind, revoke, rescind and terminate MOSO as a dasso approved distributor. The unauthorized purchase agreement involved MOSO’s Bamboo X-treme product, which is manufactured using a patented process licensed to dasso. market through a newly created subsidiary, MOSO US. In 2017, dasso learned of an undisclosed and unauthorized direct purchase agreement between MOSO and a factory under contract with dasso and that MOSO was importing and selling unauthorized product directly into the U.S. Although dasso refused to renew MOSO’s distribution agreement almost three (3) years ago, dasso continued to allow MOSO to purchase product for limited distribution and sale in certain territories in Europe. The official letter terminated any and all distribution agreements, licenses, authority, consents, powers, contracts, dealer and supplier sales channels, resources and all other associations and agreements by and between dasso and MOSO, including MOSO US and any other subsidiaries of MOSO. On 2 December 2018, due to continued unauthorized actions being taken by MOSO and its subsidiaries, MOSO was served with another legal Notice of Termination, which included MOSO’s U.S. After MOSO was served with the notice, dasso was forced to publish a press release on 21 November 2018 alerting the public to the 15 November 2018 notice due to MOSO’s refusal to accept and comply with the Notice of Revocation and Termination. The Notice of Revocation and Termination served on MOSO revoked all previously granted rights and authority of the patent used to manufacture dasso’s fused bamboo exterior decking product in designated countries in Europe. On 15 November 2018, dasso served the first of several formal notices on MOSO to permanently remove and eliminate MOSO from any affiliation or rights to dasso patented and branded products. The termination also applies to all of MOSO’s subsidiaries and corporate affiliated entities, including MOSO Europe, S.L.U., MOSO Italia, S.R.L., MOSO Middle East, LLC and MOSO North America, Inc. (“dasso”), one of the leading manufacturers and suppliers of bamboo products worldwide, voted to formally revoke and terminate any and all licenses and agreements with MOSO International BV (“MOSO”), including all rights, authority, distributorships and access to dasso’s extensive network of dealers and suppliers. DecemHangzhou, China: At the conclusion of a specially called meeting on 14 November 2018, Hangzhou Dasuo Technology Co.
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