A trademark owner may, on the basis of a licensing agreement, give another person permission to use the trademark for all the goods, or a number thereof, stated in the trademark certificate.
The licensing agreement shall indicate that the quality of the licensee’s good shall not yield to the quality of the licensor’s good and that the licensor shall monitor compliance with this requirement.
The term of the licensing agreement is expired when the term of validity of the trademark expires.
Transfer of the trademark to another person is not a ground for termination of licensing agreement.
Source: Iravaban.net
