New Launch12 Aug 2025, 07:02 pm
TVS Srichakra Ltd Executes 99-Year Trademark License Agreement with Super Grip Corporation, USA
AI Summary
TVS Srichakra Ltd, a leading bike tyre specialist, has executed a Trademark License Agreement with Super Grip Corporation, USA, a wholly owned subsidiary of the company. The agreement, effective from 12th August 2025, grants the company the right to use the licensed trademarks globally, including the United States of America and its territories. The company will pay a royalty of 2% on all sales made under the ‘Super Grip’ brand to other parties except Super Grip Corporation. The agreement is for 99 years and is done at arm’s length basis as it qualifies as a Related Party Transaction.
Key Highlights
- TVS Srichakra Ltd has executed a 99-year Trademark License Agreement with Super Grip Corporation, USA.
- The agreement grants the company the right to use the licensed trademarks globally.
- The company will pay a royalty of 2% on all sales made under the ‘Super Grip’ brand to other parties except Super Grip Corporation.
- The transaction is done at arm’s length basis and qualifies as a Related Party Transaction.
- The agreement is effective from 12th August 2025.