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Licensing of Trademark

trademark license, as the name suggests, is a mutual agreement between the licensor (the trademark owner) and the licensee (another party) on the usage of a trademark in commerce. The ownership of the trademark, however, is retained by the owner only in the licensing of a trademark. Licensing of Trademark
Licensing Of Trademark
The licensing of trademarks plays a critical role in the manner goods and services are marketed, distributed and sold not only nationally but internationally as well.

Provisions provided to the Licensing of Trademark

  1. Licensor has the provision to keep a quality control check over the good or services produced or offered by the licensee.
  2. Provisions to govern the tenure of the license agreement.
  3. Provisions to govern the territory mentioned in the license.
  4. Provisions may include the royalty rate that a licensee has to pay to the licensor in lieu of the use of the trademark.
  5. Provisions to record the license.
  6. Provisions to govern the jurisdictions mentioned in the license.
  7. Provisions to govern the exclusive rights to use the trademark by the licensee.

About Setindiabiz

Setindiabiz is an organized team of experienced CA, CS, & Lawyers, duly supported by a pool of trained accountants & paralegal staff that provides quality & affordable compliance services to startups & small businesses in India. The views, statements and recommendations expressed in this article or post are only for the sole objective of providing information, and it does not constitute professional advice or recommendation of the company. Neither the author nor the company or its affiliates accepts any liability for any loss or damage arising from any information in this article or any actions taken in reliance thereon.

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