UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date
of Report (Date of Earliest Event Reported):
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November
6, 2007
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BroadVision,
Inc.
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----------------------------------(Exact
name of registrant as specified in its charter)
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Delaware
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000-28252
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94-3184303
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_____________________
(State
or other jurisdiction
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_____________
(Commission
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______________
(I.R.S.
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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1600
Seaport Blvd, Suite 550,
North Bldg, Redwood City, California
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94063
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_________________________________
(Address
of principal executive offices)
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___________
(Zip
Code)
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Registrant's
telephone number, including area code:
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(650)
331-1000
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Not
Applicable
Former
name or former address, if changed since last report
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01 Entry into a Material Definitive Agreement
On
November 6, 2007, BroadVision, Inc. ("BroadVision") signed a Lease
Termination
Agreement (the "Lease Termination Agreement") with The Board Of Trustees
Of The
Leland Stanford Junior University ("Stanford") in order to terminate
that
certain Lease Agreement (the "Original Lease Agreement") between BroadVision
and
Stanford, dated as of February 5, 1997 and as amended on December 3,
1997 and
October 1, 2004, for the premises located at 585 Broadway, Redwood
City,
California 94063. The Original Lease Agreement was set to expire on
December 4, 2007. On November 30, 2005, with the consent of Stanford
and as allowed under the Original Lease Agreement, BroadVision entered
into in
an agreement to sublet the premises.
Under
the
terms of the Lease Termination Agreement, on November 6, 2007, BroadVision
shall
(i) surrender the premises and all of its rights and interest in the premises,
(ii) assign its right in the sublease to Stanford and (iii) pay a termination
fee of $111,317.12 to Stanford.
A
copy
of the Lease Termination Agreement is furnished herewith as Exhibit
10.1.
Item
1.02 Termination
of a Material Definitive Agreement
The
information set forth in Item 1.01 is incorporated by reference into this
Item
1.02.
Item
9.01 Financial Statements and Exhibits
Exhibits.
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Exhibit
No.
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Description
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Lease
Termination Agreement by and between BroadVision, Inc. and The
Board Of
Trustees Of The Leland Stanford Junior University, dated November
6,
2007.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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BroadVision,
Inc.
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November
9, 2007
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By:
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/s/
Pehong Chen
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Name:
Pehong Chen
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Title:
President, Chief Executive Officer and Interim Chief Financial
Officer
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EXHIBIT
INDEX
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Exhibit
No.
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Description
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Lease
Termination Agreement by and between BroadVision, Inc. and The
Board Of
Trustees Of The Leland Stanford Junior University, dated November
6,
2007.
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