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Option to Extend License Or Purchase Trademark and Business

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This Option to Extend License or Purchase Trademark and Business is a clause contained in an agreement or contract whereby the Licensor grants an option to the Licensee to purchase all of the Licensor's right, title and interest in and to a trademark and the option and right to extend the license granted. This document in its draft form contains numerous of the standard clauses commonly used in this type of option; however, additional language may be added by the user. Use this document when wanting to purchase from the Licensor all of their rights, title and interest in and to a trademark and the option and right to extent a license granted.

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