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Trade Mark Licence Agreement
"I need a Trade Mark Licence Agreement for my Singapore-based fashion brand to license our trademark to a manufacturer in Malaysia for a 5-year term starting January 2025, with strict quality control provisions and quarterly royalty payments based on net sales."
1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of the agreement and ownership of the trademark
3. Definitions: Key terms used throughout the agreement
4. Grant of Licence: Scope and nature of the licence granted
5. Term and Territory: Duration and geographical scope of the licence
6. Fees and Payment Terms: Licensing fees, royalties, and payment schedules
7. Quality Control: Standards and requirements for use of the trademark
8. Protection and Enforcement: Rights and obligations regarding trademark protection
9. Termination: Circumstances and procedures for ending the agreement
1. Sub-licensing Rights: Provisions governing the licensee's right to grant sub-licenses to third parties
2. Minimum Performance Requirements: Specific performance targets, minimum sales or usage requirements for the licensee
3. Marketing and Promotion: Requirements and guidelines for marketing and promoting the licensed products or services
1. Schedule 1 - Licensed Marks: Details and representations of the licensed trademarks
2. Schedule 2 - Licensed Products/Services: List of products or services covered by the licence
3. Schedule 3 - Quality Control Standards: Detailed quality requirements and specifications
4. Schedule 4 - Fee Schedule: Detailed breakdown of fees and royalty calculations
5. Schedule 5 - Approved Form of Mark: Approved formats and usage guidelines for the trademark
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