Author- ANKITA MISHRA
Introduction
Licensing of Trademark has become a very common practice around the globe because it provides benefits to both the licensor and the licensee. The licensor benefits because of the growing reach and popularity of the mark and earns money through royalty, while the licensee gets to commercially misuse the mark. Licensing must be checked appropriately else it could harm the reputation of the mark. Hence, it is of most utmost importance to incorporate clauses for quality checks of goods or services in the license agreement.
What is Trademark Licensing?
This is referred to as the process where a registered owner of a brand name authorizes a third party to utilize the mark in the course of trade without transferring the ownership of the mark. The owner can put other restrictions on the utilization of the mark through the terms that he places into the licensing agreement.
The term ‘License’ or ‘Licensing’ is not defined in the Trademarks Act, 1999. The laws which govern the trademarks licensing is provided in Section 48-55 of the act. We can say that the term ‘registered user’ is similar with ‘license’. The registration of the licensing agreement is not mandatory, which is apparent from Section 48(1) of the act. The licensing agreement should be in writing since the oral licensing is not considered as licensing. In the case of Bowden Wire v. Bowden Brake, it was held that the licenses to be valid only if there has been no connection in the course of trade with the registered proprietor.
Who grants the License and to whom the Trademark License is granted?
The owner of the registered trademark can only grant the trademark license. The license can be granted to any individual or a third party whom trademark holder wishes to use the trademark. Under the Indian law, registered and unregistered trademarks can be transferred, either by way of license or assignment.
Requirements of Grant of License
Benefits of Trademark Licensing
Process for Registration of a Trademark License
Under Section 49 of the Trademark Act, 1999 a licensee is considered as a ‘registered user’. For registration, joint application to be filed to Registrar by way of Form TM-U within six months from the date of agreement. The government fee is Rs. 4500 for each mark. The process includes-
Conclusion
The licensing of brand names is an effective means for the misuse of the mark. It helps both the licensor and the licensee in the development of their particular businesses. Also, it brings about the advancement of the brand picture as the licensee is needed to maintain a specific level of control over the norm and the quality of the goods and services that he sells or provides under the mark.
Pin Up Azerbaycan IcmaliQonaqlar kazinonun mobil proqramından istifadə edərək Pin Up casino hədis avtomatında əylənə…
Friends Casino - ✨ Присоединяйтесь к увлекательному миру азарта с Friends Casino - вашим идеальным…
же Обыграть Букмекера умеем Делать Умные Ставки На СпортКак Обыграть Ставки На СпортContent Какие Стратегии…
"руководство По Ставкам и Спорт Онлайн для Начинающих В 2024 ГодуКак Выигрывать В Ставках и…
Разновидности Онлайн Слот Автоматов Обновлено В 2021Актуальные Топ Слоты С высоким Rtp В Казино Онлайн…
Friends Casino - ✨ Присоединяйтесь к увлекательному миру азарта с Friends Casino - вашим идеальным…