A Minnesota License Agreement -- Sublicense of Trademark and Domain Names is a legally binding contract between the owner of a trademark and domain names (the licensor) and another party (the licensee) residing in the state of Minnesota. This agreement grants the licensee the right to use, promote, and manage the licensed trademarks and domain names within the designated territory or scope of the agreement. Such license agreements can vary depending on the specific terms and conditions agreed upon by both parties. Here are different types of Minnesota License Agreement -- Sublicense of Trademark and Domain Names: 1. Exclusive License Agreement: This type of agreement grants the licensee exclusive rights to use and sublicense the trademarks and domain names within the specified territory. The licensor promises not to grant similar licenses to other parties. 2. Non-Exclusive License Agreement: In this case, the licensee is granted non-exclusive rights to use the trademarks and domain names, allowing multiple licensees to operate within the designated territory simultaneously. 3. Product-Based License Agreement: This agreement restricts the licensee's use of trademarks and domain names to specific products or services. It defines the scope of use and may limit the licensee from utilizing the licensed properties for unrelated goods or services. 4. Territory-Based License Agreement: This type of agreement limits the licensee's use and promotion of the licensed trademarks and domain names to a particular geographic region, such as a specific county, city, or state within Minnesota. 5. Term-Based License Agreement: These agreements are time-bound, specifying a fixed duration during which the licensee can use the licensed trademarks and domain names. 6. Co-Branding License Agreement: In this agreement, multiple parties collaborate to create a combined brand using their respective trademarks and domain names. It allows the licensee to sublicense the co-branded properties within the designated territory. 7. Royalty-Based License Agreement: This form of agreement entails the payment of royalties by the licensee to the licensor based on sales, usage, or other predetermined metrics. The licensee shares a percentage of their revenue in exchange for the right to use the licensed trademarks and domain names. It is crucial for both parties involved in a Minnesota License Agreement -- Sublicense of Trademark and Domain Names to carefully negotiate and document the terms, including usage restrictions, quality control guidelines, dispute resolution mechanisms, termination provisions, and any additional fees or obligations. Seeking legal counsel is advisable to ensure compliance with applicable laws and to protect the rights and interests of both the licensor and the licensee.
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.