Transitional Trademark Licence Sample Clauses
A Transitional Trademark Licence clause grants a party temporary rights to use a trademark during a defined transition period, typically following a business sale or restructuring. This clause outlines the scope, duration, and conditions under which the trademark may be used, such as limitations on geographic area, permitted products, or quality standards. Its core function is to facilitate a smooth transition by allowing continued use of branding while the new owner rebrands or phases out the old trademark, thereby minimizing disruption and protecting the trademark's value.
Transitional Trademark Licence. Effective as of the assignment of each Trademark to Assignee pursuant to Clause 2.1 until the date that is six (6) months after the Completion Date (the “Trademark Licence Term”), Assignee hereby grants to Assignor and its Affiliates a non-exclusive, non-transferable, sublicensable (solely in accordance with Clause 3.2) and royalty-free licence to display, affix and use such Trademark in substantially the same manner as they were used by Assignor or any of its Affiliates during the twelve (12) months prior to the Completion Date.
Transitional Trademark Licence. The provisions of Schedule 27 shall apply to any use of the Seller Marks for a transitional period from Closing.