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Royalty Agreement For Use Of Trademark
"I need a Royalty Agreement For Use Of Trademark for my fashion brand that will license our logo to a manufacturer in Japan, with a 5% royalty rate on net sales and strict quality control requirements, starting from March 2025."
1. Parties: Identification of licensor and licensee, including full legal names and addresses
2. Background: Context of the agreement, ownership of trademark, and purpose of the licensing arrangement
3. Definitions: Key terms used throughout the agreement including 'Licensed Marks', 'Territory', 'Net Sales', etc.
4. Grant of License: Scope of rights granted, including territory, exclusivity, and permitted uses
5. Royalty Payments: Payment terms, calculation methods, reporting requirements, and payment schedule
6. Quality Control: Standards for use of trademark and licensor's right to inspect and approve
7. Term and Termination: Duration of agreement and circumstances for termination
1. Sublicensing Rights: Terms and conditions under which the licensee may grant sublicenses to third parties
2. Minimum Guarantees: Specifications for minimum royalty payments or sales requirements to maintain the license
3. Marketing Obligations: Requirements and guidelines for promoting licensed products or services
4. Non-Compete: Restrictions on competing products or services and related limitations
1. Schedule A - Licensed Marks: Detailed list and images of licensed trademarks including registration numbers
2. Schedule B - Products/Services: Comprehensive list of products or services covered by the license
3. Schedule C - Territory: Detailed description of geographic territory where license applies
4. Schedule D - Royalty Rates: Detailed breakdown of royalty calculations and rates for different products/services
5. Schedule E - Quality Standards: Specific quality requirements and guidelines for trademark usage
6. Schedule F - Reporting Template: Standardized format for royalty reports and sales documentation
Authors
Territory
Net Sales
Licensed Products
Licensed Services
Royalty Rate
Quality Standards
Term
Effective Date
Intellectual Property Rights
Gross Revenue
Reporting Period
Authorized Distribution Channels
Brand Guidelines
Confidential Information
Force Majeure
Affiliate
Marketing Materials
Minimum Guarantee
Accounting Period
Payment Due Date
Trademark Usage Guidelines
Approved Manufacturers
Quarterly Sales Report
Royalty Payments
Quality Control
Territory Restrictions
Term and Termination
Confidentiality
Intellectual Property Protection
Reporting and Audit Rights
Representations and Warranties
Indemnification
Non-Competition
Sublicensing
Force Majeure
Assignment
Dispute Resolution
Governing Law
Brand Protection
Marketing Requirements
Record Keeping
Minimum Performance Requirements
Insurance
Notices
Entire Agreement
Severability
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