Partnership21 Feb 2025, 12:13 am
Josts Engineering Company Limited Grants Non-Exclusive Trademark License to Subsidiary JECL Engineering Limited
AI Summary
Josts Engineering Company Limited has granted a non-exclusive, revocable, non-transferable, non-assignable, non-sublicensable license to its wholly owned subsidiary, JECL Engineering Limited, for the use of its trademarks. The agreement is valid for a period of ten years, and in consideration for the grant of the license, JECL Engineering Limited will pay a royalty to Josts Engineering Company Limited at the rate of 1% per annum of the sales value of the products sold under the Josts Trademark.
Key Highlights
- Josts Engineering Company Limited has granted a non-exclusive license to its subsidiary, JECL Engineering Limited, for the use of its trademarks.
- The agreement is valid for a period of ten years.
- JECL Engineering Limited will pay a royalty to Josts Engineering Company Limited at the rate of 1% per annum of the sales value of the products sold under the Josts Trademark.
- The agreement was entered into on 20th February, 2025.
- JECL Engineering Limited is a wholly owned subsidiary of Josts Engineering Company Limited.