The Times of India  recently reported that Hindustan Unilever Ltd (HUL) has entered into a fresh trademark licence agreement with its parent company, Unilever, under which the Indian subsidiary will pay royalty of 1% on net sales of specific brands whose trademark is owned by the Anglo-Dutch parent company.

So far, HUL used to pay royalty of 1% on the net sales of the products for whose manufacturing Unilever's technology was used. The company had entered into a technical collaboration agreement with Unilever to this effect for a period of 24 years in 1999.

The fresh agreement will increase HUL's royalty outgo to Unilever from next calendar year. Royalty [...]

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