The Wisconsin License Agreement is a legal contract that governs the use of a trademark in connection with a manufactured product within Wisconsin state. This agreement is crucial for individuals or businesses seeking permission to use another party's trademark for a specific product within the state. A Wisconsin License Agreement provides the licensor (trademark owner) with legal protection and control over their intellectual property rights, while the licensee (manufacturer) gains the right to utilize the trademark in connection with their manufactured product. By establishing clear terms and conditions, this agreement ensures that both parties understand their rights and obligations. Several types of Wisconsin License Agreements exist with regard to the use of trademarks. They include: 1. Exclusive License Agreement: This agreement grants the licensee exclusive rights to use the trademark solely for the specified product in Wisconsin. The licensor cannot grant the same rights to any other party during the agreement's duration. 2. Non-Exclusive License Agreement: Unlike the exclusive agreement, this type allows the licensee to utilize the trademark for a specific product, but the licensor can also grant the rights to other parties simultaneously. 3. Territory-Based License Agreement: This agreement specifies that the licensee can only use the trademark in a particular territory or geographic region within Wisconsin. This limitation ensures that the licensor maintains control over the trademark's usage in other areas. 4. Restricted Use License Agreement: This type of agreement imposes certain restrictions on the use of the trademark. This can include limitations on the product category, quality standards, or promotional activities associated with the licensed trademark. 5. Trademark Royalty License Agreement: In this agreement, the licensee pays the licensor royalties or licensing fees based on a predetermined percentage of sales. It outlines the payment terms, frequency, and calculation method to ensure fair compensation for the licensor's trademark use. 6. Renewal License Agreement: This agreement outlines the terms and conditions for the renewal of a previous license agreement. As licenses typically have a limited duration, this type allows for the continuation of trademark use beyond the initial term. In conclusion, the Wisconsin License Agreement is a comprehensive legal document that regulates the use of trademarks in connection with a manufactured product within the state. By understanding the different types of license agreements available, parties involved can choose the most suitable arrangement that aligns with their specific needs and requirements.