A licensing agreement between a trademark holder and a manufacturer is an official document indicating that the manufacturer of a product is authorized to manufacture the product by the company or by the person who protected it. However, the trademark holder may choose the terms of the licence for this contract. What matters is how a trademark licensing agreement can be terminated by the licensee. It may contain patterns of the following nature. 13. If, during the registration of the licensee as a registered user, the Registrar of Trademarks imposes a condition that is not acceptable to the licensee, the licensee will withdraw the application for registration or the licensee will have the opportunity to terminate the contract. A trademark licensing agreement should contain the following: this agreement is essential evidence – which is also valid in court – to ensure that the trademarked component is not copied and manufactured illegally. Ownership of the trademark belongs exclusively to the registered owner. It should be noted that at no time when the agreement is in force, or in any other way, does the purchaser claim any ownership of the mark. The overall description of the brand is to be done here. Every detail in the combination of colors, words, shapes, symbols, labels, packaging or other representations must be documented. It is important to get protection.
10. This agreement will remain in force for a period of 19 years from the date of that period and, at the expiry of the previous period or termination of the agreement, as stipulated in this agreement, the taker will cease to manufacture these products under that brand and all goods manufactured up to that time and not disputed to the donor will be delivered to the licensee for the purposes of the agreement. 12. The licensee may, subject to the provisions of this Agreement, register as a registered user in accordance with the provisions of the Trade-Merchandise Marks Act 1958. 11. If the licensee violates a clause in this agreement, the licensee has the right to terminate the contract up to fifteen days before the policyholder`s written termination and, at the end of the termination period, that contract is terminated, unless the infringing violation in question has been corrected to the satisfaction of the licensee. Details such as current legislation, jurisdiction, separation and other legal requirements of an agreement can be added to the contract. A trademark licensing agreement is a document between the registered owner of a trademark and a proposed licensee. The agreement sets out the conditions on which the licence is granted, the rights and control that the parties must exercise; permitted uses/restrictions and other factors such as royalties and legal requirements.
A description of the parties should be obtained, the nature of their transactions and the ownership of the proposed trademark to be licensed. The category of goods/services is also to be mentioned. 16. In the event of a dispute arising from this agreement, the same thing is referred to the arbitration procedure of a common arbitrator, if it is agreed or in the absence of such an agreement, to two arbitrators appointed by each party, and the arbitration procedure is currently governed by the arbitration law. The trademark holder must provide guarantees regarding the exclusive rights to the trademark and its rights to the trademark license.