Define trademark licensing. Explain the purpose of trademark licensing.
The licensing of a mark is to allow others to use the mark without assigning the ownership and the same may be done for all or some of the goods and services covered. The Trademarks Act does not mention the term 'License', the concept under the Act is mentioned as that of a 'Registered User'.
Trademark licensing is advantageous to both the parties. While the licensor enjoys its rights to the mark by getting the royalties for its use, the licensee is able to expand its market operations by using the brand and developing its reputation.
In case of Licensing, the licensor is open to license the rights over the trademark in manner it may like. The Licensor can restrict the ______ ______ ________ _____ ___ __________.
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