The grant of the license must be described in detail. It includes the type of license to use the trademark, which must be non-transferable. All points relating to the granting of the license should be noted here. It is important to mention the exact duration of the license. At the end of the term, it may be renewed at the discretion of the parties. As stated above, registration of the license agreement is not mandatory; However, it is advisable to do so, as it creates a data set that will be useful in the future in the event of a dispute. Registration of the license agreement makes a licensee a “registered user” instead of section 49. For the registration of a registered user, within six months from the date of the agreement, a joint application to the registrant must be completed via Form TM-28. The registration process is summarized in a few steps: the term “license” or “license” does not appear anywhere in the Trademark Act 1999. The concept and laws for licensing trademarks can be found in sections 48-55 of the Act. It can be said that the term “registered user” in the law is synonymous with “licensee”.
Under the 1999 Act, “authorized use” within the meaning of Section 2(1)(r) means the use of a registered trademark by a third party as a registered user; as well as use by a third party by the simple consent of the registered holder. The use of the word `may` in Article 48(1) of the Law makes it clear that the registration of a licence agreement is not compulsory for the grant of the licence. However, the agreement must be in writing, as the granting of an oral license is not a license. Although the law on the licensing of an unregistered trademark remains silent, such a license is deemed legal under the Common Law and is generally referred to as Common Law Licensing. There is nothing in the law to indicate that, in the case of an unregistered trademark, the rights of a lessee are different from those of a registered trademark. The registrant may accept the application, either in full or subject to reservation. A conditional reduction is made when conditions/restrictions/restrictions are imposed on the authorized use provided for in the certificate. In case of conditional acceptance, the declarant will send a notification to the applicant. . . .