The Perpetual Trademark License is used when a trademark owner wishes to grant indefinite usage rights to another party while maintaining ownership of the mark. This document is particularly relevant in Singapore's commercial landscape, where intellectual property protection is robust and well-regulated. It includes comprehensive provisions for quality control, maintenance obligations, and compliance with Singapore's trademark laws. The agreement is commonly used in business expansions, franchising arrangements, and long-term commercial partnerships where permanent trademark usage rights are desired.
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1. Parties: Identification of licensor and licensee, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, ownership of trademark(s), and purpose of the license
3. Definitions: Key terms used throughout the agreement, including 'Licensed Marks', 'Territory', 'Licensed Products'
4. Grant of License: Scope and nature of the license, including territory, exclusivity, and permitted uses
5. Quality Control: Standards and requirements for use of the trademark, inspection rights
6. Maintenance and Protection: Obligations regarding trademark registration, renewal, and defense
7. Representations and Warranties: Standard warranties regarding ownership, authority to license, and validity
8. Governing Law and Jurisdiction: Singapore law and jurisdiction provisions
1. Royalties: Payment terms for trademark usage, including calculation methods, payment schedules, and reporting requirements
2. Sub-licensing Rights: Terms and conditions under which the licensee may grant sub-licenses to third parties
3. Non-Competition: Restrictions on competitive activities and use of competing marks
4. Assignment: Rights and restrictions regarding assignment of license rights to third parties
1. Schedule 1 - Licensed Marks: Detailed list of trademarks covered by the license, including registration numbers
2. Schedule 2 - Licensed Products/Services: Specific products or services for which the trademark may be used
3. Schedule 3 - Quality Control Standards: Detailed quality requirements and specifications
4. Schedule 4 - Brand Guidelines: Technical specifications for trademark usage
5. Schedule 5 - Territory Definition: Detailed description of geographic scope if complex
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