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Remove US Currency Field into the Trademark License Agreement

Remove US Currency Field into 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 the difference between trademark and trademark license?

A licensed mark is a trademark that a franchisee, or other licensee, has obtained the right to display for a certain period of time. The licensee doesnt own the trademark, but the trademark owner has granted him the right to display the trademark for a limited time, and subject to certain conditions.

What is the international treaty on trademarks?

The Trademark Law Treaty ensures greater procedural harmonization of trademark law by providing a list of the maximum standards that members can impose for different acts. As such, it is not simply an agreement allowing for international application or registration of trademark rights.

Can I use a trademark from another country?

In short, no. Trademarks are national in scope, and owning a federal trademark in the United States does not necessarily grant you any rights to the marks use in another country. This means that any trademark disputes that may arise in another country likely wont be protected by your United States trademark.

What is the royalty rate for trademark licensing?

A trademark royalty rate is usually a percentage of sales generated from the use of the trademark for example, 5% of gross or net revenue, paid quarterly.

What is a trademark license agreement?

A trademark license agreement allows the licensee to use (but not own) the licensors trademark in connection with agreed-on products or services. Licensing can help a company expand into new markets effectively and easily while lending the licensee an established name and reputation.

Does a US trademark registration protect a trademark in a foreign country?

Registering your trademark with the U.S. Patent and Trademark Office (USPTO) gives you trademark protection throughout the United States, but it does not protect your trademark in other countries. To protect your trademark abroad, you need to register it with the foreign countries where you want protection.

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 is the difference in the treatment of trademark license agreements in the US versus foreign countries?

In the United States, there is no requirement that a license agreement be recorded with the USPTO. However, other countries may require a licensor to record the license for it to be effective against third parties.

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