The Simple Trademark License Agreement is essential for businesses seeking to monetize their intellectual property or expand their brand presence through controlled licensing in Singapore. This document type is commonly used when a trademark owner wants to grant specific, limited rights to use their mark while maintaining quality control and brand integrity. It addresses key requirements under Singapore's IP laws, including mandatory quality control provisions and registration requirements with IPOS where applicable. The agreement is particularly relevant for businesses expanding through licensing arrangements or entering new markets while protecting their trademark rights.
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1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of the agreement and ownership status of the trademark
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. Term and Termination: Duration of license and termination conditions
6. Quality Control: Standards and monitoring of trademark usage
7. Payment Terms: License fees, royalties, and payment schedule
1. Sub-licensing Rights: Terms for sublicensing, to be included when licensee may need to sublicense to affiliates or third parties
2. Territory Restrictions: Geographical limitations on trademark use, included when license is limited to specific regions
3. Marketing Requirements: Specific requirements for trademark usage in marketing, included when specific brand guidelines need to be followed
1. Schedule 1: Licensed Trademarks: Details of all trademarks covered by the agreement
2. Schedule 2: Quality Control Standards: Detailed quality requirements and inspection procedures
3. Schedule 3: Fee Schedule: Detailed breakdown of all fees and royalties
4. Appendix A: Trademark Usage Guidelines: Visual guidelines and requirements for trademark usage
Relevant legal definitions
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