An Exclusive Trademark License Agreement is essential when a trademark owner wishes to grant sole rights to use their trademark(s) in specified territories or for particular goods/services. This document, governed by Singapore law, establishes the exclusive relationshIP between licensor and licensee, detailing usage rights, quality standards, financial terms, and compliance requirements. It's particularly relevant for businesses expanding tHRough licensing while maintaining brand control, and must comply with Singapore's Trade Marks Act and related regulations to ensure enforceability and protection of the trademark rights.
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1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of agreement and ownershIP status of trademark(s)
3. Definitions: Key terms used tHRoughout the agreement
4. Grant of License: Specific rights being granted and exclusivity terms
5. Territory: Geographic scope of the license
6. Term and Termination: Duration and conditions for ending the agreement
7. Royalties and Payments: Financial terms and payment conditions
8. Quality Control: Standards and monitoring of trademark usage
9. Governing Law: Specification of Singapore law as governing law
1. Sub-licensing Rights: Optional provisions for when licensee may grant sub-licenses to third parties
2. Minimum Performance Requirements: Optional section specifying performance targets and minimum sales requirements for licensee
3. Marketing Obligations: Optional provisions detailing specific marketing requirements and restrictions
4. Assignment Rights: Optional section covering rights to assign the license to third parties
1. Schedule 1: Licensed Trademarks: Details of all trademarks covered by the agreement including registration numbers
2. Schedule 2: Licensed Products/Services: Specific products or services covered by the license
3. Schedule 3: Quality Control Standards: Detailed quality requirements and specifications
4. Schedule 4: Royalty Calculations: Detailed methodology for calculating royalties
5. Appendix A: Brand Guidelines: Technical specifications for trademark usage
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