One of the easiest and most common ways to exploit the value of a brand name is by licensing. In simple terms, a license is a grant of certain rights by the owner (the licensor) to someone else (the licensee) for a specified period of time. A license is different from an outright transfer of the rights because a license is usually for a limited period of time. At the end of that period the rights return to the licensor. A brand name may be licensed, such that a clothing company may license another company to use the well-known brand name on its clothing or a company like Disney may license the use of its name to promote another product.
This particular form is heavily in favor of licensee.
The Michigan Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product is a legal contract that establishes an exclusive relationship between the licensor (the owner of the brand/line of apparel) and the licensee (the party granted the license to sell the products). This agreement ensures that only the licensee has the right to sell the specific line of apparel in the designated territory, while the licensor retains the right to sell the licensed product as well. Keywords: 1. Michigan Agreement Granting Exclusive License: This refers to a contract specific to the laws and regulations governing licensing agreements in the state of Michigan. 2. Exclusive License to Sell: This phrase highlights that the licensee has the exclusive right to sell the line of apparel, excluding any other competitors or unauthorized entities within the designated territory. 3. Line of Apparel: This specifies that the license pertains to a particular collection or range of clothing items. 4. Reservation of Right: This term emphasizes that the licensor retains the right to sell the licensed product, alongside the licensee, allowing for potential collaboration or additional distribution channels. 5. Reserved Rights: This indicates the specific rights maintained by the licensor, such as the ability to sell the licensed products themselves or in certain other channels not granted to the licensee. Different types of Michigan Agreements Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product may include variations based on different brands or collections. For example: 1. Michigan Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product — Brand A: This focuses on a particular brand's line of apparel. 2. Michigan Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product — Collection X: This centers around a specific collection or series of apparel items. 3. Michigan Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product — Territory Y: This specifies a particular territory (e.g., city, state, region) where the exclusive license is granted. 4. Michigan Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product — Limited Duration: This type of agreement has a predefined limited time frame within which the licensee can exclusively sell the licensed products. 5. Michigan Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product — Multiple Licensees: This arrangement allows for the licensor to grant exclusive licenses to multiple parties within different territories or for different product lines but with reserved rights to sell the licensed product.The Michigan Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product is a legal contract that establishes an exclusive relationship between the licensor (the owner of the brand/line of apparel) and the licensee (the party granted the license to sell the products). This agreement ensures that only the licensee has the right to sell the specific line of apparel in the designated territory, while the licensor retains the right to sell the licensed product as well. Keywords: 1. Michigan Agreement Granting Exclusive License: This refers to a contract specific to the laws and regulations governing licensing agreements in the state of Michigan. 2. Exclusive License to Sell: This phrase highlights that the licensee has the exclusive right to sell the line of apparel, excluding any other competitors or unauthorized entities within the designated territory. 3. Line of Apparel: This specifies that the license pertains to a particular collection or range of clothing items. 4. Reservation of Right: This term emphasizes that the licensor retains the right to sell the licensed product, alongside the licensee, allowing for potential collaboration or additional distribution channels. 5. Reserved Rights: This indicates the specific rights maintained by the licensor, such as the ability to sell the licensed products themselves or in certain other channels not granted to the licensee. Different types of Michigan Agreements Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product may include variations based on different brands or collections. For example: 1. Michigan Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product — Brand A: This focuses on a particular brand's line of apparel. 2. Michigan Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product — Collection X: This centers around a specific collection or series of apparel items. 3. Michigan Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product — Territory Y: This specifies a particular territory (e.g., city, state, region) where the exclusive license is granted. 4. Michigan Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product — Limited Duration: This type of agreement has a predefined limited time frame within which the licensee can exclusively sell the licensed products. 5. Michigan Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product — Multiple Licensees: This arrangement allows for the licensor to grant exclusive licenses to multiple parties within different territories or for different product lines but with reserved rights to sell the licensed product.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
