License
The owner of an attractive trademark, patent, design, etc. may stand to gain considerable commercial benefit from licensing his rights to a third party. Similarly, it can be a great advantage for the licensee to be able to use a trademark or technology already cleared and established, rather than undertaking the potentially long-winded and costly procedure of developing, clearing and protecting his own mark or product.
Licensing of trademark may also improve the awareness of a trademark among Norwegian consumers, and strengthen the mark’s goodwill. This, of course, is is dependant on the licensee’s use of the mark and his capabilities and willingness to fulfil his obligations under the license agreement.
BAA offers assistance in connection with drafting, negotiating and closing license agreements adapted to the Norwegian market and in accordance with Norwegian intellectual property law.
Recordal of license agreements in the official register is not compulsory in Norway. However, recordal is usually to be recommended. A recorded licensee has the statutory right to be notified of any third parties filing cancellation actions etc. and can thereby be more prepared to enforce his rights under the license agreement.
Do not hesitate to contact our consultants for more information regarding license.
