Cut number in the Trademark License Agreement

Aug 6th, 2022
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How to cut number in the Trademark License Agreement

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[Music] hi Im Andre mink of the father of trademark factory the only firm in the world that offers trade marking services with a predictable result for predictable budgets because our trademark agents and trademark attorneys will help you trademark your brand with a free comprehensive trademark search for a single all-inclusive flat fee with a hundred-percent money-back guarantee Im famous for explaining intellectual property so that a nine year old would understand and todays question Im gonna answer is what is a trademark license agreement so there are two ways you can let somebody else use your trademark one is through an assignment agreement and were gonna have a separate video for that and the other one is through the License Agreement so the difference between the two is with an assignment agreement you actually sell your trademark you no longer own it somebody else will become the next owner of your brand with a trademark license agreement its like renting and its allowin

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The term licensing agreement refers to a legal, written contract between two parties wherein the property owner gives permission to another party to use their brand, patent, or trademark.
Trademark licensing is legally permitted under Section 49 of the Trademark Act, 1999. ing to this section, a registered trademark owner can grant a licence to another entity to use their trademark in connection to specific goods and services.
A trademark can be renewed in India from time to time for an unlimited period on payment of the renewal fees, failing which the mark becomes liable to be removed from the Register of trademarks. Each renewal term is for a period of 10 years.
To summarize it, it can be said that in case of an assignment of a trademark, there is a change in the ownership of the registered brand, and in case of licensing of trademark, the ownership of the trademark continues to vest with the original owner, but few limited rights are given to the third party.

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