Tip if you want to create other IP rights such as copyright or Schedule 2 license patents – Delete the bracketed words at the beginning of the first part of this calendar: “[DESCRIBE” PRINCIPAL ” MARK (S) HERE AND LIST DETAILS BELOW].” In Part 1 of this calendar, enter the list of the main trademarks that are the subject of this license and their main data, in accordance with the tables – one for registered trademarks, the other for unregistered trademarks. All other small brands are listed in Part 2. Delete this part on the definition of “brand” if it does not apply, according to the note above. Our trademark licensing model is intended to be used by a trademark holder (the licensee) who wishes to give another person permission to use the trademark (the licensee). It provides that the owner grants such an authorization in return for the payment of a royalty by the taker for the sales made by the taker using the mark. (You should decide how much royalty to collect and we can`t take you there – it may depend on the prestige of the brand and the premium that can be levied on products that bear that mark.) Point 2.3 lists various safeguards applicable to the licensee or its companies and takers outside the territory. Please consider carefully whether they are necessary, as some are very restrictive to the licensee. B clause 2.3.4 obliges the taker not to obtain out-of-territory orders for the products granted. Please add others that you deem appropriate (subject to non-violation of UK or EU competition law – we recommend that you seek legal advice before that date). Some of them are under limited conditions so as not to violate UK or EU competition law, for example. B, Clause 2.3.4 does not stop the purchaser who supplies the products granted outside the territory in total competition with the licensee or its other takers worldwide (but if so, they cannot bear the marks). If you do not need these restrictions, Clause 2.3 may be removed.
Below you will find an excerpt from the guide of this model (you will receive the full guide when you buy the model). 11. Consequences of termination – It defines what happens after the end or expiry of the license in accordance with point 10. In paragraphs 11.1.4 and 11.2, you can see: that the licensee has 90 days after termination to sell all the remaining stocks of the brand – if he does not, he must destroy all remaining stocks or deliver them to the licensee within 120 days of termination (check if you are satisfied with these 2 deadlines of clause 11.1.4 and the 2 deadlines provided at point 11.2). This trademark licence complies with UK law, including EU competition law, at the time of its copy. If you adapt our model, be careful not to impose additional restrictions on the licensee that could violate competition law. See our brief remarks on this subject in paragraph 2.3 below. When granting an exclusive licence, it is important to ensure that the licensee has targets for minimum sales and, therefore, minimum licensing fees for the licensee. The absence of these objectives should lead to a possible termination of the licence, so that the licensee can find someone who works better to generate royalties. This agreement allows you to either charge the licensee: A licence fee is usually a one-time payment in advance to the licensee, so the licensee has permission to use the name and/or logo. Your brand is one of the most valuable assets in your business. If you use this license model for brand licenses, you can grant your permission for the trademark license.
With our model, you can easily control how the brand is used and set the validity of the license. This trademark license is intended to be used in situations where one party owns (and owns intellectual property) of one trademark (or several brands) and another party (the licensee) wishes to use those trademarks.