Clean print in the Trademark License Agreement

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How to Clean print in the Trademark License Agreement

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[Morris] Hi, Im trademark attorney Morris Turek. I protect individuals and businesses throughout the world by assisting them with their important trademark matters. Im commonly asked by both current and prospective clients whether they can allow someone else to use their trademark. Well, the answer is yes. A trademark license is basically an agreement whereby a trademark owner permits someone else to use the owners trademark in connection with specific products or services. Although a trademark license isnt required to be in writing to be enforceable, its strongly recommended that all trademark licenses be memorialized in a written and signed document. Although the terms of every trademark license are different and may be freely negotiated, all licenses must include certain provisions to be valid. For instance, the license must set forth the names of the parties agreeing to the license, a clear description of the trademark being licensed, the types of products or services that the

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What are the pros and cons of a licensing deal?

Licensing agreements allow parties to control property and enter new markets without having to spend the money to do so. Drawbacks of these deals include establishing a relationship with the wrong company and the possibility of losing a companys reputation.

What are advantages of licensing?

Advantages of Licensing The licensor being able to utilize the licensees distribution network to quickly enter into new geographical regions and foreign markets. The licensor facing lower capital requirements and lower costs due to not having to invest in distribution.

What is trademark licensing used for?

1. What is trademark licensing? In trademark licensing, a trademark owner (Licensor) grants permission to another (Licensee) to use that trademark on mutually agreed terms and conditions.

How does trademark licensing work?

What is trademark licensing? In trademark licensing, a trademark owner (Licensor) grants permission to another (Licensee) to use that trademark on mutually agreed terms and conditions. Trademark licensing was considered impossible at one time given that one of the functions of a trademark was to indicate source.

What are the benefits of trademark licensing?

Increase profit without cost risk: You can earn royalties without investing any money into the production, marketing or distribution of the goods. Increase brand recognition: If you are not already a big name in your industry, youll benefit from more people seeing your licensed merchandise.

What are the benefits of a trademark?

The benefits include: Trademark is listed in our database of registered and pending trademarks. Legal presumption that you own the trademark and have the right to use it. Can use your registration as a basis for filing for trademark protection in foreign countries.

What are the key terms of trademark license agreement?

One of the most important terms is the quality control provision to protect the goodwill of the trademark rights; Other key terms include definitions, geographic scope, time limitation/license duration, royalty rate, and general contractual terms; and.

What is trademark licensing examples?

What is Trademark Licensing? Examples of trademark licensing include a sports team that licenses its logo to third-party merchandisers, a popular cartoon character used on clothing produced by third parties, or a soft drink company allowing a licensee to sell branded products.

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