A South Dakota Nonexclusive Trademark License Agreement refers to a legal contract that grants permission to a licensee to use a trademark owned by a trademark owner within the state of South Dakota. This agreement outlines the terms and conditions under which the licensee can use the trademark while ensuring that the trademark owner retains their rights and control over the trademark. Keywords: South Dakota, Nonexclusive Trademark License Agreement, legal contract, permission, licensee, trademark owner, terms and conditions, use, rights, control. In South Dakota, there may be variations of Nonexclusive Trademark License Agreements, including: 1. Standard South Dakota Nonexclusive Trademark License Agreement: This is the most common type of agreement where the trademark owner grants nonexclusive rights to the licensee to use the trademark within the boundaries of South Dakota only. The licensee has limited rights and others can also obtain licenses for the same trademark. 2. Limited South Dakota Nonexclusive Trademark License Agreement: This type of agreement places additional restrictions on the licensee's usage of the trademark. It may limit the scope, duration, or territorial area of the trademark's use. 3. Exclusive South Dakota Nonexclusive Trademark License Agreement: Although the term may seem contradictory, this agreement grants the licensee exclusivity within South Dakota while allowing the trademark owner to grant licenses outside the state. This arrangement ensures that only the licensee has the right to use the trademark within South Dakota. 4. Revocable South Dakota Nonexclusive Trademark License Agreement: In this type of agreement, the trademark owner reserves the right to revoke the license at any time if the licensee fails to comply with the terms and conditions outlined in the agreement. Such revocation may occur due to breaches of contract, misuse of the trademark, or any other violation. 5. Pay-per-Use South Dakota Nonexclusive Trademark License Agreement: This agreement allows the licensee to use the trademark based on a pay-per-use payment structure. It may include provisions for royalties or fees that the licensee must pay to the trademark owner each time they utilize the trademark. It is important for both the trademark owner and licensee to carefully review and understand the specific terms and conditions of the South Dakota Nonexclusive Trademark License Agreement before entering into a contractual relationship. Consulting with legal professionals experienced in trademark laws and contracts is crucial to ensure compliance and protection of both parties' rights.
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.