How Trademark License Agreement in Vietnam Works?
What is trademark license agreement in Vietnam? A trademark license agreement in Vietnam is a contract between the owner of a trademark (the licensor) and another party (the licensee) that allows the licensee to use the trademark in Vietnam in exchange for a fee. The agreement should specify the scope of the license, including the products or services that the licensee is allowed to use the trademark on, the territory in which the license is valid, and the duration of the license. Trademark license agreements in Vietnam is governed by the IP Law in Vietnam. The law requires that trademark license agreements be in writing and that they be registered with the National Office of Intellectual Property of Vietnam (NOIP) in order to be enforceable against third parties. What type of trademark license agreement in Vietnam? Types of trademark license agreements in Vietnam include: Exclusive trademark license agreement and non-exclusive trademark license agreement. Exclusive trademark license ...