How Trademark Licensing in Vietnam Works?
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How Trademark Licensing in Vietnam Works? Vietnam's intellectual property law governs the licensing of industrial property subjects in general and trademarks in particular. As a result, when a trademark is licensed in Vietnam, the owner (the licensor) grants permission to another party (the licensee) to use the trademark in Vietnam under terms and conditions that have been mutually agreed upon. The nature and quality of the products or services associated with the trademark are still under the control of the licensor. Quality control is the most important aspect of trademark licensing in Vietnam because buyers expect consistent quality from trademarked goods or services regardless of where they are purchased or used. To avoid disputes in trademark licensing in Vietnam, permission must be granted in writing. What are the advantages of trademark licensing in Vietnam? Trademark licensing in Vietnam could bring great advantages as following: Additional revenue Territ...