Common use of Grant of License and Terms Clause in Contracts

Grant of License and Terms. 2.1 The Board hereby grants to the Licensee a non-exclusive license, authorization or permission to use within the Territory the ▇▇▇▇ in respect of the Goods. 2.2 In consideration of the rights of authorized or permitted use granted hereunder, the Licensee shall pay to the Board a one-time registration fee and a renewal fee in accordance with Schedule III towards its operational and administrative costs in controlling the use of the ▇▇▇▇.

Grant of License and Terms. 2.1 The Board hereby grants to the Licensee a non-exclusive license, authorization or permission to use within the Territory the ▇▇▇▇ Mark in respect of the Goods. 2.2 In consideration of the rights of authorized or permitted use granted hereunder, the Licensee shall pay to the Board a one-time registration fee and a renewal fee in accordance with Schedule III towards its operational and administrative costs in controlling the use of the ▇▇▇▇Mark.