Common Contracts
1 similar Trademark Licence Agreement contracts
Trademark Licence AgreementTrademark Licence Agreement • May 12th, 2023
In Montenegro a licence has to be granted in writing. It is permitted to license both trademark applications and registrations. A licence may be recorded with respect to some or all of the applied for/registered goods and/or services. Although the law does not expressly state whether the licence automatically terminates with the sale of a registered trademark, the legal presumption is that in this situation, the registered licence should be considered terminated as it constitutes a contract between two specific parties where the proprietor is no longer the proprietor of the licensed trademark, so the licensor is no longer the licensor. If a new trademark owner is interested and intends to enter into a license agreement with the same licensee, a new agreement must be concluded between the new licensor and the old licensee and registered before the Montenegrin IP Office (IPO).
