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Perpetual Trademark Licence
"I need a Perpetual Trademark Licence for my fashion brand to license our logo to a manufacturer in Germany, with strict quality control provisions and quarterly royalty payments based on net sales, to be effective from March 2025."
1. Parties: Identification and details of licensor and licensee
2. Background: Context of the agreement and trademark ownership details
3. Definitions: Key terms used throughout the agreement
4. Grant of Licence: Scope and nature of the perpetual licence
5. Quality Control: Standards and requirements for trademark usage
6. Payment Terms: Licence fees and payment arrangements
7. Protection of the Mark: Obligations regarding trademark protection and infringement
8. Termination: Circumstances under which the perpetual licence may be terminated
1. Sub-licensing Rights: Provisions governing the licensee's right to grant sub-licences to third parties
2. Territory Restrictions: Geographical limitations and restrictions on trademark use
3. Assignment Provisions: Rights and restrictions regarding assignment of the licence to third parties
1. Schedule 1 - Licensed Marks: Details and representations of licensed trademarks
2. Schedule 2 - Quality Control Standards: Detailed quality requirements and specifications
3. Schedule 3 - Approved Products/Services: List of products/services covered by the licence
4. Schedule 4 - Brand Guidelines: Technical specifications for trademark usage
Authors
Agreement
Brand Guidelines
Business Day
Commencement Date
Confidential Information
Control
Effective Date
Force Majeure Event
Goodwill
Group
Intellectual Property Rights
Licensed Products
Licensed Services
Licensed Marks
Licence Fee
Licensee
Licensor
Net Sales
Party/Parties
Quality Standards
Registered Rights
Royalties
Sub-licence
Territory
Term
Trade Mark Applications
Trade Marks
Trade Mark Rights
Use
VAT
Working Day
Scope of Licence
Quality Control
Protection of the Trade Marks
Payment Terms
Royalties
Representations and Warranties
Sub-licensing
Territory Restrictions
Duration and Termination
Consequences of Termination
Assignment
Confidentiality
Infringement
Audit Rights
Brand Guidelines Compliance
Record Keeping
Indemnification
Force Majeure
Governing Law
Dispute Resolution
Notices
Entire Agreement
Severability
Variation
Waiver
Third Party Rights
Further Assurance
Counterparts
Good Faith
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