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## Brand licence agreement
Between Helios Lane IP Ltd (the Licensor) and Helios Lane Inc. (the Licensee).
_Source: Transaction record_

## 1. Licence
The Licensor grants the Licensee a non-exclusive licence to use the group brands in its territory.
_Source: Group transfer pricing policy §5_

## 2. Royalty
The Licensee pays a royalty on its net sales at a rate [to be agreed: the policy states no rate and no study supports one in the file].
_Source: Group transfer pricing policy §5_

## 3. Payment
Invoices are payable within 60 days.
_Source: Group transfer pricing policy_

## 4. Risks
The risk of the platform losing value is borne by the Licensee.
_Source: Functional analysis, risks_

## 5. Arm's length
The parties intend the terms to be at arm's length and will adjust them if a review shows they are not.
_Source: OECD Guidelines 1.6; Income Tax Law s.33(6)_

## 6. Term and law
Effective from 1 January of the year; [term, termination and governing law to be agreed by the parties].
_Source: Not in the file_