Trademark License Agreement

The Trademark License Agreement is an agreement between a trademark owner (the "licensor") and another person or business entity (the "licensee") in which the licensor gives permission to the licensee to use its trademark or trademarks for an agreed purpose. The Trademark License Agreement essentially spells out the parties names, identification of the trademark or trademarks that are the subject of the agreement, the specific trademark right or rights to be licensed, including the geographic territory in which the marks are being licensed, the authorized purposes, the licensing fee or royalty applicable and the nature and quality of the goods and/or services with which the licensee may use the trademark.

SOURCE: Trademark License Agreement