Trademark License Agreement Stamp Duty
An IP holder may grant another person the right or authorization to manufacture, use or sell goods or goods that embody those IP or that are covered by that IP by means of a contractual license. A license can apply to any type of intellectual property – trademark, patent, copyright, design and/or know-how. Under the license, the licensor retains ownership of the IP and the licensee has the right to use the IP only in accordance with the terms of the license. The design and execution of the license mark is important, as possible loopholes in the agreement may give the licensee the exclusive right to use the mark beyond the intended period. Some of the basic provisions that must be included in the license agreement can be summarized as follows: . Agreement, whether it is a “license agreement” or a “lease”. Their lordships on the construction of the terms of the contract felt that the agreement was a license and an agreement. The issue has the characteristics of a “licence”, but not a “lease”, and the contract would therefore attract a stamp duty to be paid on a licence certificate under the Stamp Act.24. In our vi. the actual nature of the contract and the amount of stamp duty to be paid by the plaintiffs on the contract under the Indian Stamp Act, 1899 (abbreviated as the Stamp Act).9 The Corporation, empty.
. According to Article 23 of the Stamps Act and Schedule 5, the target amount is subject to a stamp duty of 5.6% and 7.5% of Rs 2,70,000 is Rs 20,250. In the agreement on…: In addition, if a transfer is subsequently made in accordance with such a contract of sale, the stamp duty, if it exists, is already paid and recovered on the contract. The transfer shall be considered as a delegation agreement to which stamp duty shall be levied accordingly: . The courts. When a certified copy of the agreement/contract/instrument containing the arbitration clause is submitted, the stamp duty paid on the original must be made public. § 33. Law, unless the stamp duty and penalty due for the instrument is paid, the court cannot respond to the instrument, which means it cannot respond to the arbitration agreement, even though. 9. With respect to the claims presented, the following questions arise: (i) An arbitration agreement in an unregistered (but mandatory) arbitration agreement.
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