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Trademark License

This Trademark License Agreement grants a licensee the right to use a specific trademark owned by the licensor, outlining the terms, conditions, and scope of such use. It is suitable for businesses looking to license their branding to another entity.

Updated 17d ago
trademarklicenseintellectual propertybrandingagreementlegalSMESouthern Africa

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

TRADEMARK LICENSE AGREEMENT

This Trademark License Agreement ("Agreement") is made and entered into effective as of {{effective_date}} ("Effective Date")

BETWEEN:

{{licensor_company_name}}, a company duly incorporated under the laws of {{licensor_jurisdiction}}, with its principal place of business at {{licensor_address}} (hereinafter referred to as "Licensor");

AND

{{licensee_company_name}}, a company duly incorporated under the laws of {{licensee_jurisdiction}}, with its principal place of business at {{licensee_address}} (hereinafter referred to as "Licensee").

Collectively referred to as "the Parties" and individually as "Party."

1. DEFINITIONS

1.1. "Licensed Marks" refers to the trademarks, service marks, logos, trade names, and other source identifiers specified in Schedule A attached hereto, including but not limited to registration number {{trademark_registration_number}}.

1.2. "Licensed Products/Services" refers to the goods or services for which the Licensee is authorized to use the Licensed Marks, as described in Schedule B attached hereto.

1.3. "Territory" refers to the geographical area within which the Licensee is permitted to use the Licensed Marks, as specified in Schedule C attached hereto.

2. GRANT OF LICENSE

2.1. Subject to the terms and conditions of this Agreement, the Licensor hereby grants to the Licensee a {{exclusive_non_exclusive}} (e.g., exclusive/non-exclusive), non-transferable, non-sublicensable license to use the Licensed Marks in connection with the advertising, promotion, manufacture, sale, and distribution of the Licensed Products/Services within the Territory during the Term.

2.2. The Licensee acknowledges that all rights, title, and interest in and to the Licensed Marks remain solely with the Licensor.

3. TERM AND TERMINATION

3.1. This Agreement shall commence on the Effective Date and shall continue for a period of {{term_years}} ({{term_years_text}}) years, unless terminated earlier in accordance with the provisions of this Agreement.

3.2. Either Party may terminate this Agreement by providing {{notice_period}} days' written notice to the other Party in the event of a material breach of this Agreement by the other Party, which breach remains uncured after {{cure_period}} days following notice of such breach.

3.3. Upon termination, the Licensee shall immediately cease all use of the Licensed Marks and shall return to the Licensor all materials bearing the Licensed Marks.

4. ROYALTIES AND PAYMENTS

4.1. In consideration for the license granted herein, the Licensee shall pay to the Licensor a royalty of {{royalty_percentage}}% of the net sales of the Licensed Products/Services, payable {{payment_frequency}} (e.g., quarterly, monthly).

4.2. All payments shall be made in {{currency}} to the bank account specified by the Licensor. Overdue payments shall accrue interest at a rate of {{interest_rate}}% per annum.

5. QUALITY CONTROL

5.1. The Licensee agrees to maintain the quality of the Licensed Products/Services to a standard consistent with the quality established by the Licensor.

5.2. The Licensor shall have the right, upon reasonable notice, to inspect the Licensee's facilities and to review samples of the Licensed Products/Services and associated marketing materials to ensure compliance with quality standards.

6. INDEMNIFICATION

6.1. The Licensee shall indemnify, defend, and hold harmless the Licensor from and against any and all claims, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or in connection with the Licensee's use of the Licensed Marks or the manufacture, sale, or distribution of the Licensed Products/Services.

7. GOVERNING LAW AND DISPUTE RESOLUTION

7.1. This Agreement shall be governed by and construed in accordance with the laws of {{governing_law_country}}.

7.2. Any dispute, controversy, or claim arising out of or relating to this Agreement, or the breach, termination, or invalidity thereof, shall be settled by arbitration in accordance with the rules of the {{arbitration_institution}} in {{arbitration_city}}, {{arbitration_country}}.

8. ENTIRE AGREEMENT

8.1. This Agreement, including its Schedules, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.

Signature Block

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

LICENSOR:

______________________________

By: {{licensor_authorized_signatory_name}}

Title: {{licensor_signatory_title}}

Date: {{licensor_signature_date}}

LICENSEE:

______________________________

By: {{licensee_authorized_signatory_name}}

Title: {{licensee_signatory_title}}

Date: {{licensee_signature_date}}

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