A Trade Name License Agreement is essential when a business wants to grant another entity the right to use its trade name in Singapore. This document, governed by Singapore law, establishes the terms under which the licensee can use the trade name, including quality standards, territorial restrictions, and payment terms. It provides legal protection for both parties while ensuring compliance with Singapore's intellectual property and business registration requirements. The agreement is particularly important for businesses expanding their presence through licensing arrangements or entering into strategic partnerships.
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1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of the agreement and ownership of the trade name
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Specific rights being licensed and their scope
5. License Fee: Payment terms and conditions
6. Term and Termination: Duration of agreement and termination conditions
7. Quality Control: Standards and monitoring of trade name usage
8. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes
1. Territory Restrictions: Geographic limitations on use of the trade name and territorial exclusivity provisions
2. Sub-licensing Rights: Rights and conditions for granting sub-licenses to third parties
3. Marketing Requirements: Specific marketing obligations, restrictions and brand guidelines
4. Compliance with Laws: Obligations to comply with relevant Singapore regulations and international treaties
1. Schedule 1: Licensed Trade Name: Detailed description and representation of the trade name including any associated logos or marks
2. Schedule 2: Quality Control Guidelines: Specific quality standards, monitoring procedures and reporting requirements
3. Schedule 3: Fee Structure: Detailed breakdown of licensing fees, royalties and payment terms
4. Schedule 4: Territory: Detailed description of licensed territory and any exclusivity provisions
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