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Trade Mark Licence Agreement
"I need a Trade Mark Licence Agreement for my fashion brand to license our logo to a manufacturer in Germany for a 3-year term starting January 2025, with strict quality control provisions and quarterly royalty payments."
1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of agreement, ownership of marks, and purpose of licence
3. Definitions: Key terms used throughout the agreement
4. Grant of Licence: Scope and nature of licence (exclusive/non-exclusive/sole)
5. Territory: Geographical scope of the licence
6. Term and Termination: Duration and termination provisions
7. Quality Control: Standards and monitoring of licensed products/services
8. Fees and Royalties: Payment terms and calculation methods
1. Sub-licensing Rights: Include when licensee may grant sub-licences
2. Marketing Requirements: Include for detailed marketing obligations
3. Minimum Performance Requirements: Include when setting specific performance targets
4. Development Rights: Include when licensee may develop new marks or variations
1. Licensed Marks: Details and representations of licensed trade marks
2. Products/Services: Specified products/services covered by licence
3. Quality Standards: Detailed quality requirements and specifications
4. Royalty Calculations: Detailed methodology for calculating royalties
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