This trademark license template has 5 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our trademark license template:
TRADEMARK LICENSE This Trademark License (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Licensor"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the "Licensee"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Licensor is the owner of the [COUNTRY] rights to those trademarks ("Marks") listed in Schedule "A"; AND WHEREAS the Licensor and the Licensee have entered into an agreement of even date (the "Asset Purchase Agreement") pursuant to which the Licensor has sold to the Licensee and the Licensee has purchased from the Licensor all the assets of the Licensor, specifically [SPECIFY] ("the Assets") and the Licensee has requested the Licensor to grant to the Licensee a license to use the Marks in connection with the usage and operation of said Assets; NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the sum of [AMOUNT] of lawful money of [COUNTRY] and for other good and valuable consideration now paid by each party to the other (the receipt and sufficiency of which is acknowledged), the parties agree as follows: GRANT OF LICENSE Subject to the terms and conditions of this Agreement, the Licensee shall have the right to use and display the Marks in connection with the usage and operation of the Assets, for a term of [NUMBER] years from the date hereof. The license granted herein to use and display the Marks is non-exclusive, is personal to the Licensee and may not be transferred by the Licensee in whole or in part to any other person, other than to an assignee of all or part of the Assets, and in such event not without the prior written consent of the Licensor, which shall not be unreasonably withheld. USE OF THE MARKS The Licensee may use the Marks only in connection with the distribution of wares and services of the Assets. All renderings of the Marks shall be accompanied by a notice indicating the ownership of the Marks by the Licensor, in such form as the Licensor may require from time to time. The Licensee agrees to use and/or operate the Assets utilizing the Marks without any accompanying words or symbols of any nature, unless first approved in writing by the Licensor. None of the Marks (nor any part of the Marks) nor any similar words shall be either included in either the corporate name or in any trade name utilized by either the Licensee or by any corporation, partnership or other entity which may at any time have a direct or indirect interest in the Licensee or in which the Licensee may at any time have a direct or indirect interest. OWNERSHIP OF MARKS Neither this agreement nor the use or operation of the Assets shall confer upon the Licensee any interest in any of the Marks, except the right to use and display the Marks strictly in accordance with the terms of this agreement and the Asset Purchase Agreement. The Licensee agrees not to use any of the Marks in any manner calculated to represent that the Licensee is the owner of any of the Marks. The parties agree that all goodwill arising from the use of any of the Marks by the Licensee shall enure solely to the benefit of and shall belong exclusively to the Licensor. The Licensee agrees that it will not during the term of this Agreement or thereafter dispute or contest, directly or indirectly, the validity or enforceability of any of the Marks nor directly or indirectly attempt to depreciate the value of the goodwill attaching to any of the Marks, nor counsel, procure or assist anyone else to do any of the foregoing. REGISTERED USER From time to time upon request of the Licensor, the Licensee shall sign and deliver to the Licensor a registered user application in form specified by the Licensor, for the purpose of registration of the Licensee as a registered user of the Marks. The Licensee shall reimburse the Licensor upon demand for all costs incurred by the Licensor in connection with the preparation and registration of the registered user application. The Licensee hereby irrevocably appoints [NAME, POSITION] for the time being of the Licensor as the Licensee s true and lawful attorney-in-fact, to execute and deliver on behalf of the Licensee all such documents as may be required from time to time by the Licensor to be executed by the Licensee for the purpose of registration of the Licensee as a registered user of the marks or for amending or deleting any such registration. The Licensee agrees that [NAME] of the Licensor may delegate such authority to such other person, as he, in his absolute discretion, deems appropriate. SIGN The Licensee agrees to prominently display at each location at which it uses or displays any of the Marks a sign in form prescribed by the Licensor from time to time, indicating that the Marks are registered trademarks of the Licensor and that the Licensee is an authorized licensee of the Marks. If the Licensee utilizes any of the Marks on any stationery, invoices, purchase orders or similar documents, such material shall plainly indicate that the Licensee is a licensee of the Marks. Prior to any use by the Licensee of any additional or substitute trademark of the Licensor, the Licensee shall, at its own expense, amend such sign and materials to explicitly refer to each additional or substitute trademark. Immediately upon termination of the Licensee's right to use the Marks the Licensee shall remove and destroy all such signs, and shall deliver to the Licensor or, at the Licensor's option, shall destroy all such material, and shall within [NUMBER] days after such termination deliver to the Licensor a statutory declaration of the Secretary of the Licensee stating that the Licensee has destroyed all such signs and has returned or destroyed all such material. CHANGE OF MARKS
