An Intercompany Trademark License Agreement is essential for multinational corporations and company groups operating in Singapore to formalize trademark usage arrangements between affiliated entities. This document is particularly important for ensuring proper brand control, maintaining trademark rights, and complying with Singapore's regulatory requirements, including transfer pricing regulations. It sets out clear guidelines for trademark usage, quality control measures, and financial arrangements between group companies while protecting the trademark owner's intellectual property rights.
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Key Requirements PROMPT example:
Intercompany Trademark License Agreement
"I need an Intercompany Trademark License Agreement governed by Singapore law to allow our Malaysian subsidiary to use our company's registered trademarks for our technology products, with the agreement to commence from March 1, 2025, including specific quality control requirements and a 3% royalty rate."
1. Parties: Identification of licensor and licensee entities
2. Background: Context of the agreement and relationshIP between parties
3. Definitions: Key terms used tHRoughout the agreement
4. Grant of License: Scope and nature of trademark license
5. Territory: Geographical scope of license
6. Term and Termination: Duration and termination provisions
7. Quality Control: Standards and monitoring requirements
8. Royalties: Payment terms and calculation methods
9. Protection and Enforcement: Rights and obligations regarding trademark protection
1. Sub-licensing Rights: Additional provisions for when sub-licensing is permitted to subsidiaries or related entities
2. Non-Competition: Specific restrictions on competitive activities when parties operate in the same market
3. Transfer Pricing Compliance: Specific provisions for transfer pricing compliance in cross-border licensing arrangements
1. Schedule 1: Licensed Trademarks: Comprehensive list and details of all licensed trademarks including registration numbers
2. Schedule 2: Quality Standards: Detailed quality control requirements and specifications
3. Schedule 3: Royalty Calculations: Detailed methodology for calculating royalties and payment terms
4. Appendix A: Brand Guidelines: Visual and usage guidelines for the licensed trademarks
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