23 April

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Report and Record

Licensee agrees to make written report to Licensor within…days after the end of the calendar quarter being a three (3) month period ending with the last day of …,…,… and ……following the date of execution of this Agreement and each calendar quarter thereafter during the life of this Agreement stating In each report, the number, description, and selling price of Products sold or otherwise disposed of under the license granted herein during the preceding calendar quarter....

23 April

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Payment

Posted by KENFOX IP

in Trademark Licensing

The running royalty referred to in the Paragraph…of Article…hereof shall be paid quarterly, for the three (3) month period ending with the last day of …,…,…and …of each year, on or before the last day of …,…,… of each year respectively....

23 April

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Considerations or Royalty

Posted by KENFOX IP

in Trademark Licensing

Licensee shall calculate royalties every three (3) months and remit them to Licensor within … days after the end of said three (3) month period, accompanied by the accounting statement showing the calculation and aggregate amount of royalties....

23 April

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The most favored treatment

Posted by KENFOX IP

in Trademark Licensing

If, at any time during the term of this Agreement, Licensor grants any other license under the Patents, Trademarks and Technical to any third party in connection with the manufacture, use and sale of the Licensed Products in the Non- Exclusive Territory at more favorable consideration than those provided herein, Licensor shall promptly notify Licensee in writing the details of such other license and Licensee may have the option right of adopting equally favorable consideration. ...

23 April

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Warranty

Posted by KENFOX IP

in Trademark Licensing

Licensor declares that it is the proper and sole owner of the Patents and Trademarks licensed to Licensee hereunder and guarantees to diligently maintain the Patents and Trademarks...

23 April

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Quality Control

Posted by KENFOX IP

in Trademark Licensing

Licensee warrants that the Licensed Product manufactured and sold hereunder shall be at Its own responsibility of good quality comparable to corresponding products manufactured and sold by Licensor and shall be suitable for their intended purpose: that no injurious, poisonous, deleterious or toxic compounds and chemical raw materials will be used In or on the Licensed Product, that the Licensed Product will not be inherently dangerous to the users thereof and that the Licensed Product will be manufactured, used and sold by Licensee in strict compliance with all applicable laws and regulations of the countries of the Territory....

23 April

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Infringement suits

Posted by KENFOX IP

in Trademark Licensing

Licensee shall promptly Inform Licensor of any suspected Infringement of any Patent granted on the said application and Licensor shall prosecute, but only after full consultation with Licensee from which Licensor is satisfied that actual Infringement is taking place...

23 April

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Improvement

Posted by KENFOX IP

in Trademark Licensing

If Licensee develops any improvements or invention relating to Licensed Technology and secure one or more patents on any of such Improvements or Inventions during the term of this Agreement, Licensee shall equally share the ownership of said patents, nevertheless all the rights shall be borne by Licensee....

23 April

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Trademarks License

Posted by KENFOX IP

in Trademark Licensing

Licensee undertakes to ensure that any sales of the Products shall be made under the trademark authorized by Licensor for each system. Licensee's use of the trademarks shall be in compliance with Licensor's instruction as to all respects....

23 April

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Sublicense

Posted by KENFOX IP

in Trademark Licensing

The Licensee may not grant any sub-licenses without the ex- press written consent of the Licensor. The Licensee may not grant to any sub-licensee a right further to sub-license....