Joint Venture2 Feb 2024, 01:49 am
TIMEX GROUP INDIA LTD. TO ENTER INTO INTELLECTUAL PROPERTY LICENSE AGREEMENT WITH TIMEX GROUP USA INC.
AI Summary
The Board of Directors of TIMEX GROUP INDIA LTD. has approved the execution of an Intellectual Property License Agreement with Timex Group USA, Inc., a related party, for access to the company's intellectual property, effective from April 1, 2024. The existing Trademark License Agreement will be terminated effective from March 31, 2024.,
Key Highlights
- Entering into Intellectual Property License Agreement with Timex Group USA, Inc.
- Access to intellectual property
- Termination of existing Trademark License Agreement
- Effective from April 1, 2024