Revise sentence in the Trademark License Agreement effortlessly

Aug 6th, 2022
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How to Revise sentence 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 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.
The 3 Ps of collegiate licensing are protection, promotion, and profit.
Scherr, 211 USPQ 824, 833 (TTAB 1981). A controlled licensing agreement may be recognized whether oral or in writing.
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.
Trademark Licensing Written Agreement While trademark licensing does not have to be enforced in written form, it is certainly best practice to avoid potential legal issues with the licensee or trademark owner. The written agreement should detail terms and conditions, as well as the following: Quality control provisions.
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.
A trademark license is a permit to use anothers mark. It gives you the right to do something that would otherwise be infringing activity. A trademark license can be oral; however, it is better to get the agreement in writing and signed by both parties in order to avoid potential problems down the road.
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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