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Hide Alternative Choice to the Trademark License Agreement

Hide Alternative Choice to the Trademark License Agreement

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is a license agreement for trade secret?

A trade secret license is an agreement between a licensor (owner) and a licensee (party who needs the proprietary information) that gives the licensee permission to gain access to information normally regarded as a trade secret.

What is the NDA for trade secrets?

The NDA ensures your secrets remain secret, and if they do not you have legal recourse against the person or entity that disclosed them. When an NDA is violated, you can ask the court to enjoin the party responsible from infringing or misappropriating your trade secrets, and you can sue for any resulting damages.

What is agreement or license agreement?

A license contract, also known as a license agreement or licensing agreement, is a type of contract where one party (the licensor) grants another party (the licensee) the right to produce, use, sell, and/or display the licensors protected material.

What is an exclusive option to license agreement?

An exclusive license agreement is a legal contract between two parties, granting one party (the licensor) the right to exclusively use an item of intellectual property for a specified period of time in exchange for compensation.

What is the difference between a trademark and a license?

A trademark is any name, sign, symbol, logo, colour, sound, or thing that distinguishes or identifies the source of a product (goods or services) from that of a competitor. [ii] On the other hand, a licence is the permission to do something which would otherwise be unlawful.

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 a trade secret agreement?

Trade secret license agreements provide for the secure transfer of rights in a secret process or formula, invention or confidential information between parties.

What is the difference between a trade secret and an NDA?

Nonetheless, an NDA may provide broader protection than trade secret laws because it can cover proprietary and non-public information that does not meet the definition of a trade secret. Trade secrets are defined by statute, but terms such as confidential and proprietary information are defined by the contract.

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