Royalty trade mark agreement. Specific percentage return of a royalty to use/sell/badge someone's trademark. Very comprehensive. Sample "A. The licensor carries on the business of ?a5? . B. The licensee carries on business as ?a6? . C. The licensor is possessed of certain know how as hereinafter defined and is prepared to grant to the licensee the right to exploit and commercialise such know how throughout Australia. D. The licensor is the owner of a trade mark as hereinafter described and has applied to register ... The Licensor must???????.. 2.1 Make available to the licensee all information technical data and specifications relating to the design and must from time to time hereafter make available to the licensee such know how as the licensee must request and the licensor must be willing to supply. 2.3 Permit the licensee to have the exclusive use of the design within the exclusive territory. 3. ROYALTY 3.1 The licensee must pay to the licensor a royalty at the rate of ?a15? per cent per annum of the net sales price of ?a16? sold or otherwise disposed of by the licensee. 3.4 Payments must be transferred and credited to an account of the licensor at such bank as the licensor may from time to time nominate for the purpose and such payments must be made in Australian Dollars."
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Royalty trade mark agreement
