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ARENA FOOTBALL PURCHASES PATENT, TRADEMARK AND COPYRIGHT
Published March 27, 1998
The Arena Football League (AFL) has signed a letter of intent to purchase the patent, trademark and copyrights associated with the Arena Football Game on a worldwide basis from Gridiron Enterprises, Inc. Terms of the deal were not disclosed. The league's purchase of worldwide rights follows last week's announcement that the Orlando Predators had purchased an increased share in the AFL, with proceeds of the sale directed to the purchase price, in part, for the worldwide rights from Gridiron (AFL).