LICENSING AGREEMENT
This Licensing Agreement is made on the _________ day of XXX by and between XXX (hereinafter referred to as the “Licensing Company”) and __________________ (hereinafter referred to as the “Company”). Together referred to as “Parties”.
WHEREAS the Licensing Company has a Logo and a brand that is in the process of being trademarked, and the parties agree that from hereon and in the future to be bound by terms set herein and parties agree to add the trademark number once the registration has been completed to this agreement;
THEREFORE, in consideration of the mutual covenants and agreements herein contained, the Parties hereby agree as follows:
- Purpose.
It is hereby agreed that the Licensing Company shall allow and give permission to the company to use its logo and brand under the following provisions.
The company agrees and acknowledges that they do not own the rights to this logo and brand.
Parties agree that all ingredients must be supplied by the Licensing Company unless an exception is approved.
- Usage.
Parties agree that the Company shall use the Logo and the brand within the only designated areas.
- Fees.
Parties agree that there shall be no royalty fees for the usage of Licensing Company’s Logo and brand.
Parties herein agree that the terms of this agreement shall be binding indefinitely until otherwise terminated.
- Termination.
The Parties agree that either Party may terminate this Agreement at any time with a prior 30 days’ written notice to the other Party for any reason including but not limited to the Logo and brand being used against the Licensing Company’s brand.
- Confidentiality
Parties agree that all terms and conditions of this Agreement and any confidential information provided by the Licensing Company to the Company during the Term of this Agreement must be kept confidential unless disclosure is required according to the process of law.
Disclosing or using this information for any purpose beyond the scope of this Agreement (or beyond the exceptions set forth above) is expressly forbidden without the Parties’ prior consent.
The Parties’ obligation to maintain confidentiality will survive the termination of this Agreement and remain in effect indefinitely.
- Indemnity
The Company agrees to indemnify and keep indemnified the Licensing Company from and against any loss, damage, or liability, whether criminal or civil suffered and legal fees and costs incurred by the Licensing Company in the course of the execution of the obligations under this Agreement and resulting from any act, neglect or default of the Company.
- Amendments
This Agreement may not be enlarged, modified, altered, or otherwise amended except in writing, signed by the Parties hereto, and endorsed.
- Dispute Resolution
Each Party hereto agrees to use its best efforts to settle amicably by mediation all disputes arising out of or in connection with this Agreement or its interpretation.
Any dispute arising out of or in connection with this Agreement incapable of being resolved by the Parties shall be referred to litigation under the applicable laws of __________________.
- Waiver
A waiver of any right or remedy under this Agreement or by law is only effective if given in writing and shall not be deemed a waiver of any subsequent breach or default.
Failure or delay by either Party to exercise any right or remedy provided under this Agreement or by law shall not constitute a waiver of that or any other right or remedy, nor shall it prevent or restrict any further exercise of that or any other right or remedy.
- Severability
The invalidity or unenforceability of any particular provision of this Agreement or portion thereof shall not affect the other provisions or parts thereof that shall be severed from this Agreement. The remaining provisions shall remain in full force and effect.
- Governing Law.
This Agreement shall be governed, construed, interpreted, and enforced in accordance with the Laws of _______________.
- Entire Agreement
This Agreement constitutes the entire Agreement between the parties. It supersedes all prior agreements; no statements, promises, or inducements made by either Party or Agent that are not contained in this Agreement shall be valid or binding.
IN WITNESS WHEREOF, each Party has executed this Agreement, by its duly authorized representative, as of the day and year set forth below.
| Signed by the duly authorized Signatory of the LICENSING COMPANY; –
Signature: __________________________ Name: _____________________________ Designation: ________________________ Date: ______________________________ |
Signed by the duly authorized Signatory of the COMPANY; –
Signature: __________________________ Name: _____________________________ Designation: ________________________ Date: ______________________________ |
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