The Trademark License Contract (Licensee-friendly) is a legally binding agreement between the owner of a trademark (licensor) and an individual or company looking to use the trademark for various purposes (licensee). This template is designed with a focus on protecting the rights and interests of the licensee, ensuring a fair and mutually beneficial arrangement.
The agreement outlines the terms and conditions under which the licensee can use the trademark, specifying the permitted uses, territories, and duration of the license. It also includes provisions for royalty payments or other financial considerations, clearly defining the licensing fee structure and any potential royalties.
To safeguard the licensee's interests, the contract may stipulate that the licensor must defend and indemnify the licensee from any claims asserting infringement on the trademark. Additionally, it could include clauses to address potential exclusivity, restrictions on sublicensing, and termination rights, affording the licensee flexibility and control over the use of the licensed trademark.
The template aims to provide a clear framework for both parties to understand their rights and obligations, ensuring that the licensed trademark is used in a manner consistent with its original purpose and maintaining the quality and reputation associated with it. By establishing a licensee-friendly approach, this template helps foster a cooperative and mutually advantageous relationship between the trademark owner and the licensee.
This document is likely to be relevant to all sectors: Agriculture, Forestry and Fishing; Mining; Construction; Manufacturing; Transport; Energy; Wholesale; Retail; Finance; Insurance; Real Estate; Legal Services; Consumer, Public & Health Services; Education; Media; Consultancy; Technology; Public Administration; Sport & Entertainment; Other