Francis Marion University awarded a five‑year contract to Collegiate Licensing Company, LLC to serve as the “Attain Agent” for the university’s trademark and licensing program. The vendor will manage all licensing activities, collect gross licensing revenues, and remit 62.5 % of that gross revenue to the university as commission. The agreement is revenue‑share based, with no fixed dollar ceiling, and work cannot commence until a purchase order is issued by the university. The award was made without competition because only one bid was received, and the university’s purchasing office retains liability only after the purchase order is issued.
• Scope: full management of trademark and licensing program, revenue collection, and commission remittance.
• Compensation: university receives 62.5 % of gross licensing revenue; vendor retains the remainder.
• Term: February 12 2025 – February 11 2030 (5 years), sole‑source award.
• No explicit contract value disclosed; financial exposure depends on licensing revenue generated.