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Legal AgreementsIndemnity & Compensation

Trademark License

This Trademark License Agreement grants a licensee the right to use a licensor's trademark for specific purposes and within defined territories. It is suitable for businesses looking to formalise the use of their branding by another entity.

Updated 16d ago
trademark licenseintellectual propertylicensing agreementbrand usageroyalties africa

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Trademark License

Trademark License

{{company_name}} {{company_address}} Phone: {{phone}} Email: {{email}} Website: {{website}}

TRADEMARK LICENSE AGREEMENT

This Trademark License Agreement (the 'Agreement') is made and entered into as of this {{day}} day of {{month}}, {{year}}, by and between:

{{licensor_company_name}}, a company duly incorporated under the laws of {{licensor_country}}, 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_country}}, with its principal place of business at {{licensee_address}} (hereinafter referred to as 'Licensee').

collectively referred to as 'the Parties'.

RECITALS

WHEREAS, Licensor is the sole and exclusive owner of the trademark(s) listed in Schedule A (the 'Licensed Trademarks');

WHEREAS, Licensee desires to obtain a license to use the Licensed Trademarks in connection with the goods/services specified herein, and Licensor is willing to grant such a license subject to the terms and conditions set forth in this Agreement.

GRANT OF LICENSE

1.1. Subject to the terms and conditions of this Agreement, Licensor hereby grants to Licensee a {{exclusive/non-exclusive}}, {{assignable/non-assignable}}, {{transferable/non-transferable}} license to use the Licensed Trademarks solely in connection with the {{description_of_goods_or_services}} (the 'Licensed Products/Services') within the territory of {{territory}} (the 'Territory').

1.2. The term of this Agreement shall commence on the Effective Date and continue for a period of {{term_in_years}} years, unless terminated earlier in accordance with the provisions of this Agreement.

ROYALTIES AND PAYMENTS

2.1. In consideration for the license granted herein, Licensee shall pay to Licensor a royalty of {{royalty_percentage}}% of the net sales of the Licensed Products/Services, calculated monthly/quarterly.

2.2. All royalty payments shall be made within {{number_of_days}} days after the end of each {{month/quarter}}.

2.3. Licensee shall provide Licensor with complete and accurate statements of sales of Licensed Products/Services, certified by an authorised officer of Licensee, साथ में each royalty payment.

QUALITY CONTROL

3.1. Licensee agrees that the nature and quality of all Licensed Products/Services, and all advertising and promotional materials associated with the Licensed Trademarks, shall conform to standards set by Licensor.

3.2. Licensor shall have the right to inspect and approve samples of all Licensed Products/Services, advertising, and promotional materials prior to their distribution or use. Licensee shall submit such samples to Licensor upon request.

PROPRIETARY RIGHTS

4.1. Licensee acknowledges Licensor's exclusive rights in the Licensed Trademarks and agrees not to challenge, contest, or assist others in challenging or contesting the validity of Licensor's ownership of the Licensed Trademarks.

4.2. Licensee agrees to use the ™ or ® symbol as appropriate in conjunction with the Licensed Trademarks where legally required or as instructed by Licensor.

TERMINATION

5.1. Either Party may terminate this Agreement by giving {{notice_period}} days' written notice to the other Party in the event of a material breach of this Agreement by the other Party, provided such breach is not remedied within the notice period.

5.2. Upon termination of this Agreement for any reason, Licensee shall immediately cease all use of the Licensed Trademarks and destroy all materials bearing the Licensed Trademarks, or return them to Licensor, as instructed.

GOVERNING LAW AND DISPUTE RESOLUTION

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

6.2. 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_body}}.

GENERAL PROVISIONS

7.1. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements.

7.2. No amendment or modification of this Agreement shall be valid unless in writing and signed by authorised representatives of both Parties.

7.3. If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

LICENSOR: {{licensor_company_name}} By: _____________________________ Name: {{licensor_signatory_name}} Title: {{licensor_signatory_title}} LICENSEE: {{licensee_company_name}} By: _____________________________ Name: {{licensee_signatory_name}} Title: {{licensee_signatory_title}}

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