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An Exclusive Trademark License is utilized when a trademark owner wishes to grant sole rights to use their trademark to another party in Singapore or specified territories. This type of agreement is particularly important in franchise arrangements, brand expansions, and international market entry strategies. The agreement must comply with Singapore's Trade Marks Act and related regulations, while addressing key aspects such as quality control, royalty payments, and enforcement mechanisms. The document typically includes specific provisions about the scope of use, territory, duration, and termination conditions, ensuring both parties' interests are protected under Singapore law.
