South Carolina Merchandise License Agreement

State:
Multi-State
Control #:
US-0432BG
Format:
Word; 
Rich Text
Instant download

Description

This form is a merchandise license agreement.
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  • Preview Merchandise License Agreement
  • Preview Merchandise License Agreement
  • Preview Merchandise License Agreement
  • Preview Merchandise License Agreement
  • Preview Merchandise License Agreement
  • Preview Merchandise License Agreement
  • Preview Merchandise License Agreement

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FAQ

Merchandise can be anything from branded apparel, such as t-shirts and hats, to promotional items like mugs or keychains. It essentially refers to any product that carries a brand's identity and is sold to consumers. When crafting a South Carolina Merchandise License Agreement, it's important to clearly outline what types of merchandise will be included to avoid any confusion.

The licensing agreement should explain what the licensee can do with the license. It should say whether the license is exclusive or not. It should also discuss whether the licensor gets to use the license or cedes all rights to the licensee.

A license agreement is a business contract between two parties. The licensor (the seller of the license) owns the asset being licensed and the licensee (the buyer) pays for the right to use the license. The licensee pays the owner in exchange for the right to sell the product or use the technology.

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.

Licensing agreements are found in many different industries. An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.

Examples of licenses include a company using the design of a popular character, e.g. Mickey Mouse, on their products. Another example would be a clothing manufacturer like Life is Good licensing its designs and brand in a certain country to a local company.

Types of licensing agreement The unique feature of this type of agreement is that even the licensor is excluded to use or exploit the licensed property during the term of the agreement. Copyright, trademark and patent licenses are the best examples of an exclusive license agreement.

Precisely identifying which intellectual property will be the subject of the license is necessary to ensure both parties are on the same page and not exceeding their rights.Scope of the Grant.Exclusivity.Territory.Term.Compensation.Termination.Conclusion.28-May-2019

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.

A merchandise license agreement describes the terms through which the owner of intellectual property, notably in the form of a trademark, service mark or copyright, grants a party, called the licensee, the right to use the property for distribution, marketing, and sale.

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South Carolina Merchandise License Agreement