Derichebourg // 2020-2021 Universal Registration Document
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and accounting information Separate financial statements Explanatory notes to the financial statements
Related party transactions 3.18 Trademark licensing agreement 3.18.1
The services covered by this agreement are: policy making and definition of the Group’s strategic guidelines; help with drafting a business plan; contacts with Management Boards of major national and international client groups; internal and external development of the Group’s business; support for acquisitions; corporate events; assistance with recruiting senior managers; legal and tax consultancy services; financial, accounting and management support. For the period from October 1, 2020 to September 30, 2021, DBG Finances billed Derichebourg SA for €1.3 million under this agreement.
A trademark licensing agreement effective March 1, 2009 for ten years was entered into between TBD Finances, which is controlled by the Derichebourg family, and Derichebourg SA. This agreement, which governs the use of the Derichebourg trademark, enables the Group to develop its own clientele and increase its loyalty. The royalty amount was set by an independent expert specializing in intellectual property. The trademark licensing royalty amounts to 0.07% of the consolidated revenue of the Environmental division, and to 0.12% of the consolidated revenue of the Multiservices division, it being specified that no royalty is due in respect of the revenue of the Multiservices division for the first three years. The fee under this agreement for the fiscal year was €3 million. Service agreement 3.18.2 An agreement was entered into for an initial three-year term, with effect from January 1, 2012, between DBG Finances, a company controlled by the family of Mr. Daniel Derichebourg, which aims to define the terms and conditions of DBG Finances’ influence over the definition and oversight of the Group’s strategy. On December 5, 2020, the Board of Directors authorized the renewal of this agreement for a period of 3 years.
DERICHEBOURG 2020/2021 Universal Registration Document 205
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