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What is an Agreement for Use of Trademark? 

Agreement for use of Trademark merely implies the license granted by the proprietor of the trademark to the licensee where such a license is granted in payment of a Royalty. It legally permits the licensee to make use of the Registered Trademark. 

Why is it important? 

1. Both the parties monetarily profit as the Trademark is extensively utilised. The owner, who couldn’t expand his trademark due to lack of supplies or distinctness, can make use of the licensee’s support by granting him the license and making more profits. It is standard practice by the tech companies, in precise, to provide trademark licenses in other countries so that their trademark can be expanded in those countries. 

2. The business no longer restricts itself to a singular area, rather, the licensee can use their merchant skills for market expansion.

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