TC09562 - [2025] UKFTT 00762 (TC)

Fecha: 23-May-2025

The Brand Licence

The Brand Licence

37.

In the Brand Licence, CPW Brands granted CPW a non–exclusive licence to use various intellectual property rights relating to the Businesses in the UK in return for royalties based on a fixed percentage of projected turnover from CPW’s use of the rights. The Brand Licence contained detailed provisions requiring CPW:

(1)

to comply with:

(a)

the directions given by CPW Brands in relation to the use of the rights;

(b)

regulations and practices in force or in use in the UK in order to safeguard CPW Brands’ ownership of the rights;

(2)

to ensure that its use of the rights did not reduce the value of the rights;

(3)

to ensure that it met a minimum turnover requirement;

(4)

to notify CPW Brands promptly of potential attacks on, or the unauthorised use of, the rights; and

(5)

to meet regularly with CPW Brands on request, and to give CPW Brands access to its premises on reasonable notice, in order to ensure that it was complying with its obligations under the Brand Licence,

and it was expressed to have a five–year term unless terminated by CPW Brands on three months’ notice or immediately in the case of a breach by CPW.

The Valuation Reports