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

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US-0440BG
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Description

This form is an agreement for sublicense of a trademark for use in a restaurant business.

Rhode Island Agreement for Sub-license of Trademark for Use in a Restaurant Business is a legal document that allows a restaurant owner in Rhode Island to grant a subsidiary or another individual the right to use their trademark within a specific territory or for certain purposes. This agreement specifies the terms, conditions, and responsibilities of both parties involved in the sub-licensing arrangement. Keywords: Rhode Island, Agreement, Sub-license, Trademark, Restaurant Business There may be different types of Rhode Island Agreements for Sub-license of Trademark for Use in a Restaurant Business, including: 1. Exclusive Sub-license Agreement: This type of agreement grants the sub-licensee the exclusive right to use the trademark within a designated territory or for a specific period. During this time, the restaurant owner cannot grant sub-licenses to any other parties within the same territory. 2. Non-exclusive Sub-license Agreement: Unlike the exclusive agreement, this allows multiple sub-licensees to use the trademark within the same territory simultaneously. The restaurant owner retains the right to issue sub-licenses to other parties as well. 3. Partial Sub-license Agreement: In some cases, the restaurant owner may only grant a sub-license for the use of the trademark in specific products or services within the restaurant business. This agreement restricts the sub-licensee to only use the trademark as specified. 4. Limited Term Sub-license Agreement: This type of agreement is applicable when the restaurant owner wants to grant a sub-license for a temporary or fixed period. Once the term expires, the sub-licensee can no longer use the trademark unless the agreement is renewed. 5. Territory-based Sub-license Agreement: This agreement allows the sub-licensee to use the trademark within a specific geographic area, such as a city, county, or state. The restaurant owner usually retains the rights to use the trademark outside the designated territory. 6. Comprehensive Sub-license Agreement: This type of agreement covers all aspects related to the sub-license, including the permitted use of the trademark, quality control requirements, payment terms, termination clauses, and dispute resolution mechanisms. It provides a comprehensive framework for both parties to ensure a smooth relationship. Rhode Island Agreement for Sub-license of Trademark for Use in a Restaurant Business is a crucial document to protect the trademark owner's rights and control the way their brand is represented within the restaurant industry.

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FAQ

Trademark licensing is an agreement in which a registered trademark owner, the licensor, grants another party, the licensee, permission to make and distribute products or services under that trademark.

A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.

Exclusive license allows a licensor to share intellectual property with a licensee for a specific period of time that usually binds the licensor to not share the property with anyone else.

How to create a copyright license agreementThe names of the parties and the description and name of the licensed work: Write out the full legal names of the parties to the agreement.The name(s) and description(s) of the work(s) being licensed: List out the work or the works you're licensing to the licensee.More items...

A licensed mark is a trademark that a franchisee, or other licensee, has obtained the right to display for a certain period of time. The licensee doesn't own the trademark, but the trademark owner has granted him the right to display the trademark for a limited time, and subject to certain conditions.

A trademark licensing agreement is a legal contract between a trademark owner and another party that have agreed to use the trademark on preapproved terms decided between the contracting parties.

It is permissible to license an unregistered Trade mark. Permitted use without recordal of Registered User is permissible under the Trade Marks Act 1999, which came into force on September 15, 2003.

A trademark licence is an agreement between a trademark owner (the licensor) and another entity (the licensee) in which the licensor permits the licensee to use its trademark for commercial purposes.

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.

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Unless otherwise noted, all capitalized terms are defined in the first heading in this paragraph. Many of these definitions and terms have been taken from the US Federal Rules themselves at 49 CFR Part 1, Subpart D—Selling, buying, exchanging, or licensing. For definitions of the various terms used in this section, click a title at the bottom of that heading to open a separate window for that definition. For definitions which contain both English and non-English words, the meanings in this section will apply from either English text or the first sentence of the definition in the English text. For definitions which contain both English and non-English words, the definitions in this section will apply from either English text or the third sentence of the definition in the English text. Licensee The term “Licensee” means a person who is to be licensed as a Licensee. “Licensee” includes the Licensee's successors, assignees, assigns, affiliates and agents.

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