A legal document allowing a party to use another party’s trademark for a certain purpose and timeframe while adhering to specific terms and conditions.
A Trademark License Agreement is a legal document that outlines the terms and conditions of a licensing agreement between a trademark owner and a licensee. The agreement grants the licensee the right to use the trademark in connection with their goods or services, in exchange for payment or other compensation. The agreement typically includes provisions related to the scope of the license, the duration of the agreement, the payment terms, and restrictions on the licensee’s use of the trademark. It is important for both parties to carefully review and negotiate the terms of the agreement to ensure that their respective interests are protected.