Draft Trademark License Agreement India

Let`s understand the purpose of this document with an example: if ABC Industries wants to create a simple mechanical component that will be useful for a given machine, but sir. M has already obtained the trademark license for this particular mechanical component. In this case, ABC Industries must obtain a license agreement with Mr. . M and to enter into an agreement stipulating that ABC Industries has only the rights to manufacture the mechanical component in question for a customer in question and only in certain figures. A trademark license agreement is a document between the registered owner of a trademark and a proposed licensee. The agreement shall mention the conditions on the basis of which the licence is granted, the rights and control to be exercised by the parties; permitted uses/restrictions and other factors such as royalties and legal requirements. 13. .