Enter text in a Trademark License Agreement - Online Editor

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How to enter text 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 is an example of a trademark license?

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.

How do you write a licensing agreement?

The steps for making a license agreement are as follows: Download a template for a licensing agreement. Choose your role as the licensor or licensee. Define the license(s) in the agreement. Decide whether the license is exclusive or not. Settle the matter of fees and payment schedule. Add a renewal date and rules.

Can trademark license agreements may be written or oral?

Although 15 U.S.C. 1060 requires that assignments be written, a license can be oral. In licensing trademark rights, the owner may include the right to sue for trademark infringement. The licensees right to sue originates from the license and is governed by the terms of the licensing agreement.

How do you write a trademark contract?

3. Trademark license agreement instructions Introduction of parties. Recitals. Section 1: Grant of license. Section 2: No assignment or transfer. (Optional) Section 3: Territory. Section 4: Consideration. Section 5: Maintenance of records and audit rights. Section 6: Term.

What is an example of a licensing agreement company?

An example of a licensing agreement in the restaurant space would be when a McDonalds franchisee has a licensing agreement with the McDonalds Corporation that lets them use the companys branding and marketing materials.

Does a trademark license need to be in writing?

A trademark licensing agreement does not need to be written down to be legally enforceable, but a simple word-of-mouth licensing agreement is much more challenging to enforce. For this reason, it is highly recommended that a written agreement is created and signed by both the licensor and the licensee.

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Enter text in the Trademark License Agreement