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TRADEMARK
/ SERVICE MARK LICENSE AGREEMENTS
The
recordal of License Agreements before the Trademark
Office is mandatory, in order to have legal effects
against third parties.
In
order to record a license agreement, the applicant
must file a petition before the Trademark Office,
by submitting the following documents, which must
be duly legalized by a Consul of Panama or by
the seal of the Apostille:
A
Power of Attorney executed by an
officer of the applicant or registrant, attested
by a Notary Public;
An excerpt of the license agreement
including the parties, duration of the agreement,
the territory, the name of the mark and the
goods. This document must be executed by an
officer of both parties, and the signatures
must be attested by a Notary Public.
According
to our law, it is not possible to cancel the inscription
of a license agreement without the express authorization
of the licensee, unless it has been agreed by
the parties in the license agreement. |
