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Simple Trademark License Agreement
"I need a Simple Trademark License Agreement under Singapore law for licensing our company's registered food product trademark to a manufacturer in Malaysia for a 3-year term starting January 2025, with quarterly royalty payments of 5% of net sales."
1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of the agreement and ownership status of the trademark
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. Term and Termination: Duration of license and termination conditions
6. Quality Control: Standards and monitoring of trademark usage
7. Payment Terms: License fees, royalties, and payment schedule
1. Sub-licensing Rights: Terms for sublicensing, to be included when licensee may need to sublicense to affiliates or third parties
2. Territory Restrictions: Geographical limitations on trademark use, included when license is limited to specific regions
3. Marketing Requirements: Specific requirements for trademark usage in marketing, included when specific brand guidelines need to be followed
1. Schedule 1: Licensed Trademarks: Details of all trademarks covered by the agreement
2. Schedule 2: Quality Control Standards: Detailed quality requirements and inspection procedures
3. Schedule 3: Fee Schedule: Detailed breakdown of all fees and royalties
4. Appendix A: Trademark Usage Guidelines: Visual guidelines and requirements for trademark usage
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