Trademark license agreement
In a Trademark licence agreement the proprietor (Licensor) of a registered trademark gives authorization to another company (Licensee) to manufacture and distribute products under this trademark. The license is given for a specific range of products (typically consumer and fashion products) for which the licensee obtains exclusivity in a distinct territory (typically a country). In exchange for the rights granted, the Licensee shall pay to the Licensor a certain amount of money and a percentage (royalties) based on the sales value of the products sold under the license. Model of International Trademark License Agreement.