Trademark Licensing AgreementA Trademark Licensing Agreement is a legal document that enables a company (a licensor) to grant the exclusive or non-exclusive use of its trademark to another business (a licensee) and also allows the licensor to set out the terms associated with the use of its trademark.
A trademark Licensing Agreement does not allow a licensor to transfer ownership of the trademark to another person or business. The trademark Licensing Agreement merely grants the right to use the trademark under the terms set out in the agreement.
This legal document incorporates general legal matters relating to the execution and nature of the licence as well as the licensee’s obligations under the agreement; such as licence fees, confidentiality, indemnity and the expiration or termination of the licence.
Use this Trademark Licence Agreement if:
You want to grant someone the use of your trademark, but do not want to transfer ownership of the trademark.
You want to ensure that the person using your trademark uses it in a manner that was intended or agreed upon by you, and that they are aware of the consequences of non-compliance.
What does this Trademark Licence Agreement cover?
Duration, jurisdiction and nature of the licence.
Nature of the trademark as well as its supply and use.
Warranties and indemnities
Licensee’s obligations: Licence Fees, Royalties, Stamp Duty, and GST.
Expiration, termination and revocation of the licence