Whereas the trademark right of ______is owned by Licensor;
Whereas Licensor has the right and agreed to grant Licensee the rights to use, manufacture and sell the Contract Products of the technology;
Whereas Licensee hopes to use the trademark and technology of Licensor to manufacture and sell the Contract Products;
Both parties authorized representatives, through friendly negotiation, have agreed to enter into this Contract under the terms as stipulated below.
1. Grant of License
Licensor hereby grants to Licensee, and Licensee hereby accepts, a non-exclusive, worldwide, royalty license to use the trademark solely in connection with the company business, subject to the limitations set forth in this Contract.
2. Scope of the Contract
Licensor agrees to grant Licensee the License and right to use the trade mark of Licensor, while the combined trade mark of both parties or mark the wording production according to Licensors license, on the Contract Products can also be adopted. Licensee agrees to obtain from Licensor, and Licensor agrees to grant Licensee the right to design, manufacture and sale.
In the course of implementation of the Contract, Licensor is under an obligation, upon the request of Licensee, to provide Licensee at the best favourable price with the technical services or some components, spare parts and raw materials which are necessary for manufacturing the Contract Products. When the time comes, both parties will sign the new contract through friendly consultation.
Except as provided in this Article, all Licenses granted herein shall be nontransferable and non-assignable without the prior written consent of Licensor.

분야