LIMA, the International Licensing Industry Merchandisers' Association, is holding their annual awards gala. The event will hand out honors to those who impacted the world of licensing in the past year. Some of the awards include License of the Year, Merit Award for Licensing Creativity and Best Brand. During the ceremony, they will induct a new member into the Murray Altchuler Licensing Hall of Fame. Cocktails will begin being served at 6:30 pm with the awards presentation starting at 7:15 pm.