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Trade Name License Agreement

Trade Name License Agreement Template for India

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Key Requirements PROMPT example:

Trade Name License Agreement

"I need a Trade Name License Agreement for my software company to license our trade name 'TechSolve' to a distributor in Mumbai, India, with exclusive rights for Maharashtra state starting March 2025, including specific quality control provisions for technical support services."

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Document background
The Trade Name License Agreement is a crucial document used when a business entity wishes to grant another entity the right to use its trade name in India. This agreement type is particularly important in franchise arrangements, business expansions, and brand licensing scenarios. The document, governed by Indian law, establishes the framework for protecting the licensor's intellectual property while enabling the licensee to legally use the trade name. It includes essential provisions for quality control, payment terms, and usage restrictions, ensuring compliance with Indian intellectual property laws, particularly the Trade Marks Act, 1999. The agreement is vital for businesses looking to monetize their brand value or expand their market presence through controlled licensing of their trade names to third parties.
Suggested Sections

1. Parties: Identification and details of the licensor and licensee, including registered addresses and company registration numbers

2. Background: Context of the agreement, ownership of the trade name, and purpose of the license

3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Trade Name', 'Territory', 'Effective Date', etc.

4. Grant of License: Scope of the license, whether exclusive or non-exclusive, and territory covered

5. Term and Termination: Duration of the license, renewal terms, and conditions for termination

6. License Fees: Payment terms, including license fees, royalties, and payment schedule

7. Use of Trade Name: Permitted uses, restrictions, and quality control requirements

8. Quality Control: Standards to be maintained and licensor's right to inspect and approve use

9. Protection of Trade Name: Obligations regarding protection and enforcement of trade name rights

10. Representations and Warranties: Statements of fact and promises by both parties

11. Indemnification: Mutual or unilateral indemnification obligations

12. Confidentiality: Protection of confidential information exchanged during the agreement

13. Governing Law: Applicable law and jurisdiction for dispute resolution

14. General Provisions: Standard boilerplate clauses including notices, assignment, and entire agreement

Optional Sections

1. Sublicensing Rights: Include when licensee is permitted to sublicense the trade name to third parties

2. Marketing and Promotion: Include when specific marketing requirements or restrictions need to be detailed

3. Audit Rights: Include when licensor requires right to audit licensee's use of trade name or financial records

4. Insurance: Include when specific insurance requirements are needed to protect against liability

5. Export Control: Include when trade name use involves international commerce

6. Force Majeure: Include when parties want specific provisions for handling unforeseen circumstances

7. Anti-Corruption Compliance: Include when international use or high-value contracts require specific compliance measures

Suggested Schedules

1. Schedule A - Trade Name Specifications: Detailed description of the trade name, including any associated logos or marks

2. Schedule B - Territory: Detailed description of geographic areas where license is valid

3. Schedule C - Quality Control Standards: Specific quality standards and requirements for trade name use

4. Schedule D - Fee Schedule: Detailed breakdown of all fees, royalties, and payment terms

5. Schedule E - Approval Procedures: Procedures for obtaining licensor approval for trade name use

6. Appendix 1 - Style Guide: Guidelines for visual representation and usage of the trade name

7. Appendix 2 - Reporting Templates: Standard forms for required periodic reports

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




































Clauses


































Relevant Industries

Retail

Franchising

Manufacturing

Consumer Goods

Hospitality

Food and Beverage

Technology

Professional Services

Fashion and Apparel

Healthcare

Education

Entertainment

Relevant Teams

Legal

Intellectual Property

Brand Management

Commercial

Business Development

Compliance

Finance

Marketing

Operations

Relevant Roles

Legal Counsel

Intellectual Property Manager

Brand Manager

Commercial Director

Business Development Manager

Licensing Manager

Compliance Officer

General Counsel

Chief Legal Officer

Chief Executive Officer

Chief Financial Officer

Brand Protection Officer

Franchise Manager

Contract Administrator

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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