Exhibit 10.131.1


 


 





CONTRACT
RELATED TO THE CO-EXISTENCE OF TRADEMARKS


 


 


BY AND BETWEEN THE UNDERSIGNED:


 


 


- JEANNE LANVIN, corporation with its head office at
15, rue du Faubourg Saint-Honoré, 75008 Paris, registered in the RCS de Paris under number 612 048 629, and represented
by its Chair and Chief Executive Officer, Ms. Shaw Lan CHU-WANG, hereafter referred to as “LANVIN”,


 


 


Of the first part,


 


 


AND


 


 


		-	INTER PARFUMS, corporation with its head office at 4, rond-point des Champs Élysées, 75008 Paris, registered
in the RCS de Paris under number 350 219 382, and represented by its Chair and Chief Executive Officer, Mr. Philippe BENACIN, hereafter
referred to as “INTER PARFUMS”,



 


 


Of the second part,


 


 


 


IT IS FIRST AND FOREMOST UNDERSTOOD THAT:


 





LANVIN and INTER PARFUMS have on this day entered into a trademark
assignment contract (the “Trademark Assignment Contract”) under which LANVIN has assigned to INTER PARFUMS a
certain number of trademarks in Class 3, international trademark deposit for perfumes, toiletries and makeup (with the exception
of cosmetics).


 


Under the Trademark Assignment Contract, LANVIN benefits from
a buy-back option of the assigned trademarks on July 1, 2025.


 


In the areas of ready-made clothing for men and women, fashion
accessories and perfumes, the Trademarks (as defined hereafter) have acquired an image as luxury trademarks and uncontested renown,
to which the parties are extremely attached and which they intend to preserve as long as they make use of the Trademarks.


 






    	



    	 



    
 





The purpose of this agreement is to specify the conditions under
which the parties intend to manage the Trademarks or have them managed in accordance with this trademark image.


 


THE PARTIES THEREFORE AGREE THAT:


 


ARTICLE 1- DEFINITIONS


 


		1.1	The expression “Trademarks” used in this contract designates all trademarks which LANVIN respectively owns,
in all the international Classes of trademark deposit and in the Territory, as well as any names, abbreviations, symbols and other
distinctive signs currently associated with LANVIN, or which will be associated with LANVIN in the future. The trademarks are comprised
of the Assigned Trademarks.



 


		1.2	The expression “Assigned Trademarks” used in this contract refers to the trademarks listed in Appendix
1.2 herein, Class 3, international trademark deposit for the Products, which are the subject of the trademark assignment
contract made on this day between the parties, as well as all the trademarks that INTER PARFUMS will be deposit and/or register
prior to the end of the contract and which will be associated with one or several Trademarks for the creation, development, distribution
and marketing of the Products.



 


		1.3	The term “Products” refers to perfume, toiletries and makeup, with the exception of all existing and future cosmetics,
sold under one or more Trademarks, which fall under the categories described in Appendix 1.3 of this contract.



 


		1.4	The term “Territory” designates all countries where the Trademarks are or will be deposited under Class 3, international
trademark deposit.



 


ARTICLE 2 – RESPECT OF THE TRADEMARK
IMAGE


 


		2.1	The parties agree to continually respect and ensure continued respect, in all their actions and initiatives, for the image
of quality, elegance and originality associated with the Trademarks, especially with regard to the quality of marketed products
by using the Trademarks, their esthetic appearance, their publicity, their promotion and their distribution.



 


		2.2	For the duration of this contract, the parties agree to respect and ensure that their employees, representatives, agents, sponsors
and/or eligible persons and their affiliates respect all laws and regulations in effect on the Territory concerned by the subject
of this contract.



 






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		2.3	For the duration of this contract, neither the Trademarks, nor, more generally, the names LANVIN and/or JEANNE LANVIN, nor
the abbreviation JLSA, for the purposes of a corporate name, may be used by one of the entities in which INTER PARFUMS participates
directly or indirectly.



 


		2.4	The parties agree that the name JEANNE LANVIN in high-end ready-made clothing and perfumes is an important element of this
trademark and its reputation. In this context, each of the parties considers essential that in all domains the image of elegance,
originality and quality associated with the LANVIN trademark be consistently maintained and respected. The parties agree to maintain
the LANVIN trademark as a trademark associated with luxury.



 


		2.5	The parties agree to create and market products of very high quality in terms of design, execution, refinement and esthetics,
so as to be able to compete with the most prestigious creations of competing trademarks such as those listed in Appendix 2.5, in
the international market of perfume products and the ready-made clothing market, respectively.



 


		2.6	In the event that LANVIN assigns its activity or its trademarks before the year 2025, it agrees to ensure that its successor
or eligible persons respect the above provisions.



 


ARTICLE 3 – TRADEMARKS, INDUSTRIAL
PROPERTY


 


		3.1	The Assigned Trademarks must be used by INTER PARFUMS to market the Products, at the exclusion of any other use. The Assigned
Trademarks may not be used in association with any other trademarks, names, company names or distinguishing marks, with the exception
of names of distributors, or when required by applicable local regulations and with the exception of usual business or trade documents
in accordance with the provisions of the previous paragraph. The Assigned Trademarks may not be used as a corporate name, except
by LANVIN.



 


		3.2	The maintenance fees for Assigned Trademarks used by INTER PARFUMS will be the responsibility of INTER PARFUMS. INTER PARFUMS
will be free to not renew the Assigned Trademarks which it will no longer use, and it must notify LANVIN of its intention. LANVIN
agrees to cooperate with INTER PARFUMS in order to provide it with any papers or document required for the deposit of Assigned
Trademarks and their renewal. In the event of a technical, administrative or legal difficulty or impossibility (particularly related
to the specifics of certain national trademark rights) in depositing and/or renewing the Assigned Trademarks with the appropriate
national registers, the parties agree to work together in accordance with the provisions herein, to arrive at the best possible
technical solution, on a case-by-case basis, in respect of the interests of each of the parties and the spirit of this contract
and to sign, if necessary, any supplementary agreements required for this purpose.



 






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		3.3	LANVIN submits that it is the owner of a non-exclusive license, extended at no cost by L’OREAL, for use, by LANVIN and/or
third parties, for the manufacture of certain patented mechanisms for closing perfume bottles. As such, LANVIN agrees to extend
the rights resulting from this non-exclusive license.



 


ARTICLE 4 – COPYRIGHT INFRINGEMENTS


 


		4.1	In the event that a third party engages in (an) act(s) of copyright infringement, imitation, unfair competition or any other
infringement on the Assigned Trademarks, INTER PARFUMS agrees, within the limits of its rights and the regulations in effect, to
take any appropriate emergency measures to stop these acts or limit the resulting harm, and to keep LANVIN informed as expeditiously
as possible. LANVIN agrees to provide INTER PARFUMS with any assistance that it is able to provide as well as all the information
in its possession. INTER PARFUMS will be in charge of the proceedings in the action, and it will sustain the costs and will alone
receive any benefits or indemnity that may result from the proceedings.



 


		4.2	In the event that a third party opposes the use of an Assigned Trademark or takes copyright infringement-related proceedings
against INTER PARFUMS on the ground of use of an ASSIGNED TRADEMARK, INTER PARFUMS will notify LANVIN as soon as possible. INTER
PARFUMS will be have the responsibility for and bear the cost of the defense and will alone receive any resulting benefits and/or
indemnity. The defense costs, the benefits that may result from this defense and any possible damages and interest will be borne
fully by INTER PARFUMS.



 


		4.3	LANVIN agrees to take any necessary and appropriate measures in the event of acts of copyright infringement, imitation or unfair
competition or any other infringement on the Trademarks that it owns (with the exception of the ASSIGNED TRADEMARKS described in
paragraphs 5.1 and 5.2 above), of which it has been made aware.



 


		4.4	Each party agrees to inform the other party, as expeditiously as possible, in the event that it is made aware of acts of copyright
infringement imitation, unfair competition, or any other infringement on the Trademarks which would concern the other party.



 


ARTICLE 5 – PROMOTIONAL ITEMS


 


INTER PARFUMS may use (by sale or trade discount), under the
Assigned Trademarks, promotional items or products of any kind (outside the domain of Products) on the condition that:


 


a) LANVIN has previously authorized the distribution of the
items in question, of which INTER PARFUMS will have submitted a sample or model to LANVIN, with it being understood that any possible
refusal by LANVIN must be made for reasons that would objectively demonstrate that such distribution would bring about real and
serious harm to LANVIN.


 






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b) Use of these items remains secondary to use of the Products
of the contract


 


c) The promotional items and products are indicated as “Lanvin
Parfums” and there can be no confusion with products marketed by LANVIN or its other license holders.


 


 


ARTICLE 6 – NON-COMPETITION AND FAIRNESS


 


		6.1	For the duration of the contract, LANVIN may not use or have any other party use Trademarks in the area of Products, or undertake
any actions that may prejudicially affect the use of the Products and Assigned Trademarks in an area other than that of the Products,
or undertake any actions that may prejudicially affect the use of the Trademarks by LANVIN.



 


		6.2	The parties agree to execute this contract in a fair manner and to not take any measures, directly and/or indirectly, which
would prejudicially affect LANVIN or INTER PARFUMS and/or the sale, distribution or image of the Products.



 


ARTICLE 7 – DURATION OF THE
CONTRACT


 


This contract takes effect as of the signing of this contract
and will remain in effect until June 30, 2025. The parties will negotiate in good faith, as required, a new coexistence agreement
which will take effect on July 1, 2025.


 


ARTICLE 8 – MODIFICATION OF
THE CONTRACT


 


		8.1	Any overriding or supplementary agreement or any amendment to this contract will necessarily be established by a written document
signed by the parties and attached to the contract. Any such modification will be limited to the specific point for which it will
have been agreed.



 


		8.2	If, in the event of a force majeure, it is impossible for one of the parties to honor its commitments under this contract,
it must inform its contracting party, So that the parties may together agree to equitable adjustments to this contract in their
common interest.



 


		8.3	If one or several provisions of this contract proves to be without effect, this circumstance will in no way affect the validity
of other provisions in the contract nor the validity of the contract in its entirety. The same would be the case in the event that
this contract contains omissions. The provision that would need to be removed, or which is missing, will be replaced by a legally
valid provision consistent with the purpose of this contract.



 






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ARTICLE 9 – CONFIDENTIALITY


 


		9.1	The parties agree to consider as strictly confidential and to treat as such all information, regardless of its nature and its
support, collected during the execution of this Contract, including the clauses of this Contract (hereafter “Confidential
Information”).



 


		9.2	Notwithstanding the clauses in paragraph 9.1, INTER PARFUMS will be authorized, in application of its status as a listed company,
to disclose this Confidential Information if this information should be revealed further to a requirement of a regulation in effect,
particularly if it relates to the stock exchange or if this information should be revealed further to an injunction by a judicial
or administrative authority, with the provision that LANVIN is informed and consulted beforehand regarding the terms of disclosure
of this information.



 


		9.3	All information known by the public is deemed non-confidential unless it is compiled in a manner unknown to the public.



 


		9.4	The parties agree to not disclose or allow to be disclosed, directly or indirectly or through a third party, in whole or in
part, any Confidential Information of which they are aware, to any third party whatsoever, with the exception of employees and/or
subcontractors requiring this information to carry out their obligations.



 


		9.5	The parties agree, in this regard, to take any necessary measures with respect to employees and/or beneficiaries in order that
they be subjected to this same obligation of confidentiality.



 


		9.6	The parties agree not to use the Confidential Information in a context other than that of this contract.



 


		9.7	Each party agrees to return upon request all documents or supporting documents, as well as any copies thereof, from the other
party which contain Confidential Information that will have been submitted to it in connection with the execution of this Contract.



 


ARTICLE 10 – NOTIFICATIONS


 


All notifications made by one of the parties in connection with
the execution of this contract’s provisions, must be sent, by registered mail with acknowledgment of receipt, to the address
of the other party’s head office, to the attention of its legal representative, or any other person duly designated by said
party.


 






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ARTICLE 11- CONCILIATION / DISPUTES


 


In the event of a disagreement between the parties on the validity,
interpretation, execution and/or resolution of one of the provision in these contracts, the parties agree that, prior to initiating
any contentious procedure, they will follow the conciliation procedure outlined hereunder:


 


- First, competent operations managers of each of the parties
will meet to discuss the subject of disagreement, on the initiative of the most diligent party, and as soon as possible, upon emergence
of the disagreement. The goal of this meeting will be to find an amiable solution to the disagreement in question. Minutes of this
meeting will be recorded by both parties.


 


- Secondly, if the meeting between the operations managers does
not lead to an amiable solution, the leading managing agents of each party will meet and make their best efforts to resolve the
disagreement amiably. This meeting must be held as quickly as possible and no later than ten (10) days from the meeting between
operations managers.


 


If, in spite of the conciliation procedure, a proceeding goes
forward on the validity, interpretation, execution and/or resolution of the contracts, or if one of the parties refuses to carry
out the above-mentioned procedure with diligence and good faith, this proceeding will be submitted to the exclusive jurisdiction
of the Paris Court of Appeal.


 


ARTICLE 12 - APPLICABLE LAW


 


This contract is subject to French Law.


 


Signed on July 30, 2007


In Paris


In two (2) originals


 





	/s/ Ms. Shaw Lan CHU-WANG	/s/ Philippe BENACIN
	JEANNE LANVIN SA	INTER PARFUMS
	Ms. Shaw Lan CHU-WANG	Mr. Philippe BENACIN







 





 


 




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Appendix 1.3: List of Products


 


 


Products - women’s line


1. Perfume extract*


2. Perfume spray*


3. Perfume bottle*


4. Eau de toilette spray*


5. Cologne spray*


6. Pocket spray*


7. Pocket spray refill*


8. Roll-on pocket perfume pen


9. Body cream


10. Body lotion


11. Glitter body lotion


12. Body oil


13. Perfumed body powder


14. Bath and shower gel


15. Shower foam


16. Exfoliant for the body


17. Deodorizing spray


18. Roll-on deodorant


19. Hair mist


20. Glitter hair mist


21. Scented shampoo


22. Soap


23. Scented indoor candle


 


Products – men’s line


24. Eau de toilette spray


25. Eau de toilette bottle


26. Cologne spray


27. After-shave lotion bottle


28. After-shave balm bottle


29. Shaving gel


30. Shower gel for body and hair


31. Shampoo plus conditioner


32. Spray deodorant


33. Deodorant stick


34. Soap


 


Makeup (this list is indicative and may evolve
in the course of execution of the contract to include new products usually considered as makeup).


 


 



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COMPLEXION


		§	Foundation (liquid and powder)



		§	Blush



		§	Terracota



		§	Powder



		§	Concealer



		§	Anti-circle cream



 


EYES


		§	Mascara



		§	Eye shadow



		§	Eye contour (eye pencil, eyebrow pencil, eyeliner)



 


LIPS


		§	Lipstick



		§	Gloss



		§	Lipliner



		§	Repulper



 


NAILS


		§	Polish



		§	Nail care



		§	Nail polish remover



 


Note: Products not marked with an asterisk (*) are granted as
extensions of product lines directly related and completely faithful to the perfumes. There must be an explicit reference to the
corresponding perfume in their names.


 


 


 


 



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