Utah Nonexclusive Trademark License Agreement
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How to fill out Nonexclusive Trademark License Agreement?
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3. Trademark license agreement instructions Introduction of Parties. ... Recitals. ... Section 1: Grant of license. ... Section 2: No assignment or transfer. ... (Optional) Section 3: Territory. ... Section 4: Consideration. ... Section 5: Maintenance of records and audit rights. ... Section 6: Term.
A licence is analogous to the renting of a flat whereby the tenant is granted permission to use the flat for an agreed period of time. A licence can be exclusive or non-exclusive. An exclusive licence is one where the licensed right is exercisable only by the licensee and no one else (including the licensor).
exclusive license grants the licensee the right to use the intellectual property, but the government remains free to grant any number of other licensees the same rights to make, use, or sell the technology.
For example, a software company could grant a non-exclusive license to multiple companies to use their copyrighted software. In this case, multiple companies can use the software, but none of them have the right to take legal action against potential infringers.
An example of a licensing agreement in the restaurant space would be when a McDonald's franchisee has a licensing agreement with the McDonald's Corporation that lets them use the company's branding and marketing materials.
You grant to us a license that is: ? perpetual (meaning that it never expires); ? non-exclusive (meaning that you are free to license the Content to anyone else); ? irrevocable (meaning that, once granted, your permission cannot be withdrawn); ? royalty-free (meaning that we do not pay you for the Content); ? sub- ...
In particular, a licensee's rights are generally not assignable unless the license agreement expressly permits assignment or the licensor otherwise consents. on its PLC Intellectual Property & Technology web services at .
Non-exclusive | Business English not limited to only one person or organization, or to one group of people or organizations: a non-exclusive agreement/deal/licence They have entered into a non-exclusive distribution agreement. The licence grants them the non-exclusive right to use the technology in their products.