FREE Australian Trademark License Agreement

TRADEMARK LICENSE AGREEMENT

This Trademark License Agreement (“Agreement”) is made on [Date] by and between:

[Name of the Company], having its registered office at [Address], hereinafter referred as the Licensor;

AND


[Name of the Company], having its registered office at [Address], hereinafter referred as the Licensee.

WHEREAS, Licensor has adopted, has registered and is using the trademark [Trademark] ("Trademark") throughout the world in connection with computer graphics hardware, software, and related services; and


WHEREAS, Licensee desires to use the Trademark, in both block letter and stylized form, throughout the world ("Territory"); and

LICENSE:


Scope of License: Subject to the terms and conditions set forth in this Agreement, Licensor grants to Licensee a non-exclusive, non-transferable, royalty-free license to use the Trademark throughout the Territory. Licensee shall make no other use of the Trademark.


Non-Assignment: Licensee acknowledges and agrees that the rights granted to Licensee by and obtained by Licensee as a result of or in connection with this Agreement are license rights only, and nothing contained in this Agreement constitutes or shall be construed to be an assignment of any or all of Licensor's rights in the Trademark.


USE OF THE TRADEMARK:


Trademark Format: Licensor retains the right to specify, from time to time, the format in which Licensee shall use and display the Trademark, and Licensee shall only use or display the Trademark in a format approved by Licensor.



Proper Notice and Acknowledgment: Every use of the Trademark by Licensee shall incorporate in an appropriate manner an "R" enclosed by a circle.


TERM AND TERMINATION:


Term: The term of this Agreement shall be for two (2) years from the Effective Date; provided, however, that either party may terminate this Agreement, with or without cause, by delivering written notice of termination to the other party, and, unless a later date is specified in such notice, termination shall be effective sixty (60) days after the date such notice is given.



Termination for Cause: Notwithstanding the provisions of Section above of this Agreement, this Agreement and all rights granted hereby, including but not limited to Licensee's right to use the Trademark, shall automatically terminate without notice from Licensor if:



(i) Licensee attempts to assign, sub-license, transfer or otherwise convey, without first obtaining Licensor's written consent, any of the rights granted to Licensee by or in connection with this Agreement;

Applicable Law: This Agreement shall be interpreted, construed, and enforced pursuant to, and in accordance with, the laws of the State of [State], Australia.





Licensor Licensee



Date: Date: