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Delaware Agreement to Sub-license Trademark for Use in a Restaurant Business

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US-0440BG
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This form is an agreement for sublicense of a trademark for use in a restaurant business.

The Delaware Agreement for Sub-license of Trademark for Use in a Restaurant Business is a legally binding contract that allows one party (the sub-licensee) to use and display a trademark owned by another party (the licensor) within the context of a restaurant business. This agreement is specifically tailored to the state of Delaware, ensuring compliance with local laws and regulations. Keywords: Delaware, Agreement, Sub-license, Trademark, Restaurant Business There might be different types of Delaware Agreements for Sub-license of Trademark for Use in a Restaurant Business, based on specific circumstances and requirements. Some possible variations could include: 1. Limited Term Sub-license Agreement: This type of agreement grants the sub-licensee the right to use the licensor's trademark for a specific period, after which the sub-licensee must cease usage, unless the agreement is renewed. 2. Territory-based Sub-license Agreement: In a territory-based agreement, the sub-licensee receives exclusive rights to use the trademark within a specific geographic area, such as a certain county or city in Delaware. 3. Brand Extension Sub-license Agreement: This agreement allows the sub-licensee to use the licensor's trademark for a different type of restaurant or an additional branch, expanding the brand's reach without diluting its identity. 4. Master Sub-license Agreement: In this type of agreement, the sub-licensee becomes the master sub-licensee and gains the right to grant sublicenses to other parties within Delaware, effectively acting as a mediator between the licensor and other sub-licensees. 5. Co-branding Sub-license Agreement: In a co-branding agreement, the sub-licensee combines its own trademark with the licensor's trademark, creating a unique brand identity for a restaurant business that benefits from both parties' reputations. Each type of Delaware Agreement for Sub-license of Trademark for Use in a Restaurant Business serves a specific purpose and caters to different needs and goals within the industry. It is essential for all parties involved to carefully review and negotiate the terms of the agreement to ensure a mutually beneficial and legally compliant arrangement.

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FAQ

Types of Trade LicensesExclusive License: The licensee gains sole commercial rights to the trademark.Sole license: The licensee and licensor can use the trademark.Non-exclusive license: The licensee, licensor, and any outside individuals the licensor also assigns a license to can use the trademark.

In fact, it is generally held that a nonexclusive patent licensee cannot grant sublicenses unless it is expressly granted such right. However, exclusive licenses commonly include a right to sublicense, at least with the consent of the licensor.

Practitioners and licensing executives often refer to three basic types of voluntary licenses: non-exclusive, sole, and exclusive. A non-exclusive licence allows the licensor to retain the right to use the licensed property and the right to grant additional licenses to third parties.

How to decide between types of licensing agreementsPatent Licensing. Patents cover science and innovation.Trademark Licensing. Trademarks are signifiers of commercial source, namely, brand names and logos or slogans.Copyright Licensing.Trade Secret Licensing.Exclusive.Non-exclusive.Sole.Perpetual.More items...?

Legal Definition of sublicense : a license granted by a licensee that grants some or all of the rights (as to a patent) acquired under the original license. Other Words from sublicense.

: a license granted by a licensee that grants some or all of the rights (as to a patent) acquired under the original license. Other Words from sublicense.

In a Trademark licence agreement the proprietor (Licensor) of a registered trademark gives authorization to another company (Licensee) to manufacture and distribute products under this trademark.

Definition: Licensing is defined as a business arrangement, wherein a company authorizes another company by issuing a license to temporarily access its intellectual property rights, i.e. manufacturing process, brand name, copyright, trademark, patent, technology, trade secret, etc.

A trademark license agreement allows the licensee to use (but not own) the licensor's 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.

A licensing agreement is a contract between two parties (the licensor and licensee) in which the licensor grants the licensee the right to use the brand name, trademark, patented technology, or ability to produce and sell goods owned by the licensor.

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An exclusive license agreement is a legal contract between two parties,LICENSED PATENTS) that claim or cover compounds or their use in the FIELD or ... (Id.). Defendants executed a licensing agreement (the "Master License Agreement") with Plaintiffs for use of Sankalp's intellectual property and trade secrets ...Results 1 - 12 of 14 ? The extent one can validly use another's trademark is clarified byUTZ is a business providing services in the field of Restaurant, ... GR BURGR had no business other than the BURGR Gordon Ramsay restaurant.Agreement, and thus GR BURGR no longer had the right to use the trademark ?BURGR ... By ED Ziff · 2002 · Cited by 40 ? 2001) ("A person who buys the business of a trademark licensee does not automatically obtain thereby the right to continue use of the licensed marks."). Between the grantee's business and the licensor's trademark. Under the ?license to use? approach, an express contract authorizing trademark use will support ... Learn more about this contract and other key contractual terms and issues by viewingLicensee desires to obtain an exclusive right to use the Trademark, ... Sublicense the use of,? the Rosati's trademarks and recipes ?to operate Rosati's Pizza. Restaurants. . . .? Fast-forward to 2020, when two shareholders, ... The interaction between patent law and open source licenses is the focus of thisThe agreement by the Telephone Company that it would not do anything to ... Get free access to the complete judgment in SAGAR RATNA RESTAURANTS PVT.to use their respective trade mark and the grant of a non- exclusive license to ...

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Delaware Agreement to Sub-license Trademark for Use in a Restaurant Business