A unit of Martha Stewart Living Omnimedia Inc sued Sears Canada Inc on Wednesday for breach of contract, alleging it had not paid the required royalties under a licensing agreement.
MSO IP Holdings Inc licensed Sears Canada to use the "Martha Stewart Everyday" trademark and was owed about C$1.82 million under their agreement, according to the complaint filed in U.S. District Court in Manhattan.
MSO said Sears sent it a partial royalty payment in September, but the balance remained unpaid.
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