License Agreement for Use of Trademark Regarding a Manufactured Product
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What is a Licensing Agreement? 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.
A manufacturing license agreement (MLA) is an agreement between an inventor and a manufacturer. The agreement allows a third party to produce and use the inventor's product for payment in royalties or a specific lump sum.
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.
Download a template for a licensing agreement. Choose your role as the licensor or licensee. Define the license(s) in the agreement. Decide whether the license is exclusive or not. Settle the matter of fees and payment schedule. Add a renewal date and rules.
Invent an original product. Research your market. Do a patent search. Consider filing a provisional patent application. File a patent application. Search for licensees. Sign a licensing agreement. Collect royalties.
What is a Licensing Agreement? 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.
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.