Minimum-required Contents of a License Agreement
1. The identity of the Licenser and Licensee;
2. Details of the objects to be licensed (information on granted trademark registration or patent);
3. Scope of license, including:
- Type of license (exclusive or non-exclusive);
- Object(s) of license;
- Territory of license (Vietnamese territory or part thereof);
- Term of license (within the balance of the term of validity of the corresponding Patent for Invention/Utility Solution/Industrial Design or Certificate of Trademark Registration).
(In case of a sub-license, the scope of the sub-license must fall within the scope of the corresponding exclusive license).
4. Price of license and mode of payment;
5. Rights and obligations of each party;
6. Conditions for amendment, termination and invalidation of the Agreement;
7. Method for settlement of disputes;
8. Date and place of signing;
9. Signatures of the authorized representatives of each party.
Documents
1. Two (2) originals or two (2) certified copies of the signed License Agreement;
2. Copy of Patent for Invention/Utility Solution/ Industrial Design or Certificate of Trademark Registration of the licensed object(s);
3. A notarized copy of Business Licence/Investment Licence if the Licensee is a Vietnamese entity;
4. A signed Power of Attorney from the Licenser or Licensee.