Paragraph 1 Meaning of “licence agreement”, “licensor” and “licensee”
In this Part of this Schedule—
(a)
a “licence agreement” means an agreement or a number of related agreements in or under which one person (the “licensor”) grants another person (the “licensee”) a licence that—
(i)
allows the licensee to use a trade mark as the name under which the licensee sells or otherwise supplies from premises goods that are associated with that trade mark; and
(ii)
includes an obligation (whether expressed as a positive obligation or as a prohibition or restriction) on the licensee that relates to the presentation of those premises; and
(b)
“licensor” and “licensee” are to be interpreted in accordance with sub-paragraph (a).