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Trademark License Agreement Between Parent And Subsidiary
"I need a Trademark License Agreement Between Parent And Subsidiary for our Saudi manufacturing company to license our industrial equipment trademarks to our new subsidiary, with strict quality control provisions and the ability to sub-license to authorized service centers starting March 2025."
1. Parties: Identification of the parent company (licensor) and subsidiary (licensee), including full legal names and registration details
2. Background: Context of the agreement, explaining the parent-subsidiary relationship and the purpose of the trademark license
3. Definitions: Key terms used throughout the agreement, including definition of Licensed Marks, Territory, and Products/Services
4. Grant of License: Scope of the trademark license, including territory, exclusivity, and permitted use
5. Term and Termination: Duration of the license and circumstances under which it may be terminated
6. Quality Control: Parent company's right to control quality of products/services offered under the Licensed Marks
7. Use of the Licensed Marks: Specific requirements and restrictions regarding the use of the Licensed Marks
8. Ownership and Goodwill: Confirmation of parent company's ownership and provisions regarding accrual of goodwill
9. License Fee: Details of any licensing fees or royalties (even if nominal due to the relationship)
10. Maintenance and Protection: Responsibilities for maintaining and protecting the Licensed Marks
11. Representations and Warranties: Basic warranties regarding ownership and right to license the marks
12. General Provisions: Standard clauses including governing law, notices, and amendments
1. Sub-licensing Rights: Include when the subsidiary needs the right to sub-license to its own subsidiaries or authorized dealers
2. Group Use Provisions: Include when other group companies need rights to use the Licensed Marks
3. Export Restrictions: Include when the subsidiary's use of the marks needs to be restricted to specific territories
4. Marketing and Promotion: Include when specific requirements for marketing and promotion need to be detailed
5. Change of Control: Include when specific provisions are needed for change in subsidiary ownership
6. Technology Transfer: Include when the license includes associated technical knowledge or know-how
7. Shariah Compliance: Include specific provisions ensuring compliance with Islamic law principles when relevant
1. Schedule 1 - Licensed Marks: Detailed list of all licensed trademarks, including registration numbers and status
2. Schedule 2 - Products and Services: Comprehensive list of products/services for which the marks may be used
3. Schedule 3 - Brand Guidelines: Specific requirements for visual representation and usage of the marks
4. Schedule 4 - Quality Control Procedures: Detailed procedures for quality control and approval processes
5. Schedule 5 - Territory: Detailed definition of the geographic territory covered by the license
6. Appendix A - Form of Quality Control Report: Template for regular quality control reporting
7. Appendix B - Contact Details: Key contacts for both parties for various aspects of license management
Authors
Manufacturing
Retail
Technology
Financial Services
Healthcare
Consumer Goods
Telecommunications
Professional Services
Food and Beverage
Automotive
Energy
Hospitality
Legal
Intellectual Property
Compliance
Corporate Governance
Marketing
Brand Management
Business Development
Commercial Operations
Corporate Affairs
Risk Management
General Counsel
Intellectual Property Manager
Legal Director
Corporate Secretary
Compliance Officer
Brand Manager
Chief Legal Officer
Commercial Director
Business Development Manager
Chief Executive Officer
Chief Operating Officer
Trademark Attorney
Corporate Lawyer
Marketing Director
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