Trademark license

Olepent^® supplied by Sabinsa is a proprietary ingredient suitable for cosmeceutical formulations. Due to the unique properties of this ingredient and the language used in any patents, the Customer agrees to the following criteria, terms and conditions which Sabinsa and the Customer deem necessary to assure the protection of the intellectual property rights, identity and integrity of Olepent^® in the marketplace.

With respect to any product or formulation containing Olepent^® , the Customer agrees:

1. To purchase and/or direct its manufacturer to purchase and manufacture on Customer’s behalf, Olepent^® directly from Sabinsa or through their accredited exclusive agent in your country.
2. To list the name Olepent^® on all product(s) ingredient panels and submit label to Sabinsa for final approval.
3. To identify Olepent^® as a trademark of Sabinsa and to include Olepent^® logo on the product label and in advertising materials. Customer will be given indemnification if the Olepent^® logo infringes with any other trademark or patents.
4. It will not display the name, identify or market Olepent^® with any generic material, logo or artwork not supplied or approved by Sabinsa.

This agreement applies to all products containing Olepent^® whether manufactured, sold, distributed or marketed by the Customer and/or others. Other than for use in manufacturing the Customer’s own product, the Customer shall not resell or supply Olepent^® in the bulk raw material form, either directly or indirectly, to any third party. Sabinsa will supply only to the manufacturer. If the Customer is not the manufacturer, the Customer shall inform Sabinsa of the name and address of the customer’s manufacturer. If the Customer is a contract manufacturer, and supplies, but does not own or control, the finished product, the contract manufacturer shall inform its Customer to the terms and conditions of this agreement. A license agreement must be executed by each of the contract manufacturers Customers and Sabinsa.

Additionally, the Customer shall provide Sabinsa with a current or known future list of products containing Olepent^®. Customer must update any additions and deletions to this list annually.

Use of Olepent^® requires that the provisions of this agreement be understood and accepted by all those who use and market it. Sabinsa may refuse to supply or sell Olepent^® to any person or entity who fails to honour this agreement; however, Customer will be given reasonable time to sell through inventory after receipt of written notification detailing the reasons for terminating this agreement. Sabinsa may also pursue any and all legal rights, remedies and recourse in the event of a breach of this Agreement. This Agreement is binding upon the Customer, its successors and assigns. This Agreement shall be governed by, enforced under and interpreted in accordance with the laws of The State of New Jersey, to which jurisdiction the parties, hereby, submit.

The following product(s) are submitted by the Customer for approval to include the ingredient Olepent^®, according to the terms and conditions of the Trademark License Agreement. Please indicate the brand and product trade name.

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Name of Marketing Company

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Name and address of Manufacturing Company (if different from Marketing Company): 

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ACCEPTANCE OF AGREEMENT BY AUTHORIZED REPRESENTATIVE: 

Company / Customer Name / Title (please print) ____________________________________________________________________________________________

Signature ____________________________________________________________________________________________
Date ____________________________________________________________________________________________

 SABINSA APPROVAL: 

Name / Title (please print) ____________________________________________________________________________________________

Signature ____________________________________________________________________________________________
Date ____________________________________________________________________________________________

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