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The Trademark License Agreement is a crucial legal instrument used when a trademark owner wishes to permit another entity to use their trademark(s) in Nigeria while maintaining control over their intellectual property. This agreement is essential for businesses expanding through licensing, franchising, or strategic partnerships, and must comply with Nigerian trademark law, particularly the Trademarks Act Cap T13, LFN 2004. The document covers vital aspects including license scope, quality control measures, royalty structures, and territory restrictions. It's particularly important in protecting the licensor's brand value while enabling the licensee to benefit from the trademark's commercial value. The agreement should be carefully drafted to address specific business needs while ensuring enforceability under Nigerian law and including appropriate dispute resolution mechanisms.
