Wisconsin Royalty Free Trademark License Agreement to license a joint venture participant's trademarks to the joint venture

• Category: Partnerships - Ancillary Agreements
• State: Multi-State
• Control #: US-P0709AM
• Format: Word; Rich Text

Description

This form is a model adaptable for use in partnership matters. Adapt the form to your specific needs and fill in the information. Don't reinvent the wheel, save time and money. A Wisconsin Royalty Free Trademark License Agreement is a legal contract that allows a joint venture participant to grant a license for their trademarks to the joint venture without any royalty fees. This agreement ensures that both parties involved have a clear understanding of the terms and conditions regarding the use of the trademark. In Wisconsin, there are two types of Royalty Free Trademark License Agreements commonly used for licensing trademarks to a joint venture: 1. Exclusive Royalty Free Trademark License Agreement: This type of agreement grants the joint venture exclusive rights to use the participant's trademark within a specific geographic area or industry sector. The participant agrees not to grant any other licenses or use the trademark themselves during the term of the agreement. 2. Non-Exclusive Royalty Free Trademark License Agreement: In this type of agreement, the participant allows the joint venture to use their trademark, but they can also license it to other parties or use it themselves simultaneously. The joint venture does not have exclusive rights to the trademark, and the participant is free to enter into similar agreements with other entities. The content of a Wisconsin Royalty Free Trademark License Agreement includes the following key elements: 1. Parties: Identification and contact details of the joint venture participant(s) and the joint venture entity. 2. Recitals: Background information detailing the purpose and intent of the agreement. 3. Grant of License: Explicitly states that the participant is granting a royalty-free, non-exclusive (or exclusive) license to the joint venture for the use of their trademark. 4. Scope of License: Describes the specific goods, services, and territories in which the trademark can be used by the joint venture. 5. Quality Control: Outlines the participant's right to ensure the joint venture maintains the quality standards associated with the trademark's use. 6. Duration: Specifies the term of the agreement, including any renewal options or termination conditions. 7. Intellectual Property Ownership: Clarifies that the participant retains ownership of the trademark and any associated rights. 8. Consideration: States that the joint venture will provide some form of consideration to the participant in exchange for the license, which can be non-monetary, such as services, products, or access to resources. 9. Indemnification: Protects both parties from legal claims arising from the use of the trademark by the joint venture. 10. Governing Law and Jurisdiction: Determines that Wisconsin law governs the agreement and stipulates which courts have jurisdiction over potential disputes. By using a Wisconsin Royalty Free Trademark License Agreement, joint venture participants can ensure the proper licensing and usage of their trademarks within the joint venture, promoting clarity, protection, and legal compliance.

A Wisconsin Royalty Free Trademark License Agreement is a legal contract that allows a joint venture participant to grant a license for their trademarks to the joint venture without any royalty fees. This agreement ensures that both parties involved have a clear understanding of the terms and conditions regarding the use of the trademark. In Wisconsin, there are two types of Royalty Free Trademark License Agreements commonly used for licensing trademarks to a joint venture: 1. Exclusive Royalty Free Trademark License Agreement: This type of agreement grants the joint venture exclusive rights to use the participant's trademark within a specific geographic area or industry sector. The participant agrees not to grant any other licenses or use the trademark themselves during the term of the agreement. 2. Non-Exclusive Royalty Free Trademark License Agreement: In this type of agreement, the participant allows the joint venture to use their trademark, but they can also license it to other parties or use it themselves simultaneously. The joint venture does not have exclusive rights to the trademark, and the participant is free to enter into similar agreements with other entities. The content of a Wisconsin Royalty Free Trademark License Agreement includes the following key elements: 1. Parties: Identification and contact details of the joint venture participant(s) and the joint venture entity. 2. Recitals: Background information detailing the purpose and intent of the agreement. 3. Grant of License: Explicitly states that the participant is granting a royalty-free, non-exclusive (or exclusive) license to the joint venture for the use of their trademark. 4. Scope of License: Describes the specific goods, services, and territories in which the trademark can be used by the joint venture. 5. Quality Control: Outlines the participant's right to ensure the joint venture maintains the quality standards associated with the trademark's use. 6. Duration: Specifies the term of the agreement, including any renewal options or termination conditions. 7. Intellectual Property Ownership: Clarifies that the participant retains ownership of the trademark and any associated rights. 8. Consideration: States that the joint venture will provide some form of consideration to the participant in exchange for the license, which can be non-monetary, such as services, products, or access to resources. 9. Indemnification: Protects both parties from legal claims arising from the use of the trademark by the joint venture. 10. Governing Law and Jurisdiction: Determines that Wisconsin law governs the agreement and stipulates which courts have jurisdiction over potential disputes. By using a Wisconsin Royalty Free Trademark License Agreement, joint venture participants can ensure the proper licensing and usage of their trademarks within the joint venture, promoting clarity, protection, and legal compliance.