Trademark License Agreement India

Section 2(1)(r) of the Act defines the authorized use of a trademark. This means the use of a trademark by – The manner in which the contract is terminated by the licensor should be described in detail. This includes the method of termination and the number of days that should stop between termination and termination. As soon as the termination takes place, the customer should be required to cease the use of the mark in all its forms. Trademark licensing is the process in which a registered trademark owner authorizes a third party to use the trademark in the course of trade without transferring ownership of the trademark. The trademark license allows the registered owner to have the trademark used by others without transferring ownership of the trademark. The proprietor may also impose other restrictions on the use of the mark by the conditions he makes to the licence agreement. For example, the owner may obtain a trademark license to be used only for certain goods and services. The grant of the TM license is not a sale. The grant of the license confers only the right to use the trademark, while the ownership of the trademark belongs to the owner himself. The rights granted are time-limited rights and may range from the right to use the trademark, sell the products, etc.

The TM license may or may not be exclusive. 5. Trademark licensing in India (June 7, 2018), Vakilnol.com, www.vakilno1.com/legal-news/licensing-of-trade-marks-in-india.html details such as applicable law, jurisdiction, salvative clause and other legal requirements of an agreement may be added to the agreement. Trademark licensing is an effective practice for the regulated exploitation of the trademark. It assists both the licensor and the licensee in the growth of their respective businesses. It is fundamental to guarantee the privileges of the licensor and to avoid any abuse by the licensee. . . .

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