Licence to use Trade Mark

Updated atMarch 2011

This deed of licence is made on this ............ day of ............................ Between ....................., a company registered under the appropriate laws of the ................ and carrying on business at ............................, ................., hereinafter called the licensor (which term shall unless excluded by or repugnant to the context include its successors and assigns) of the one part and ...................... a company registered under the Companies Act 1956 and carrying on business at............. hereinafter referred to as the licensee (which term shall unless excluded by or repugnant to the context include its permitted nominees) of the other part.

Whereas the licensor is the manufacturer of and dealer in Computers for office purposes and hold the registered Trade Mark ....................... being Trade Mark No. 5 in Class No. I in respect of Computers for office purposes.

And WHEREAS the LICENSOR intends to expand its business and sell its products under its Trade Mark in India and Eastern Asia.

And whereas the licensee in India has a manufacturing Unit to manufacture Computers.

And whereas the licensee has approached the licensor to grant licence to use the Licensor's Trade Mark ....................... for sale of the products manufactured by the LICENSEE.

And whereas the licensor has agreed to allow the licensee to use its said Trade Mark................................. to sell the Licensee's products on certain terms and conditions.

Now THEREFORE THESE PRESENTS witnesseth and the parties hereby agree as follows:

  1. The LICENSOR hereby doth grant to the LICENSEE non-exclusive right to use the Licensor's Trade Mark ......................... in India and Eastern Asia for sale of its computers, components and parts under the Trade Name ..........................

  2. The use of the Trade Mark by the licensee shall be confined only to the items that might be manufactured by the licensee at its own factory.

    The licensee shall pay half-yearly to the licensor licence fee at the rate of 10% on the turnover of business of the licensee and such payment to be made by................. and........................... every year.

  3. The licensee shall comply with the requirements and provisions of all laws rules and regulations in relation to manufacture and sale of computers and its components under the said Trade Mark of the licensor.

  4. The licensee shall manufacture and sell computers under the said Trade Mark...

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