Operate Name License For Free

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.

When you license your brand, you grant the rights to a licensing partner who can manufacture, market and sell products bearing your brand name. You'll collect royalties from the arrangement and, oftentimes, an advance of those royalties in exchange for letting the licensee use your brand.

Steps to License a Product 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.

The arrangement in licensing a brand must include a license agreement, and the agreement gives authorization to another party to market a service or product. The licensee rents or leases the brand from the owner, which is the person who manages the license program (the licensor).

A Trade Name License Agreement is a legal document that allows companies to use the name of another business or individual for a specific purpose. It's typically used when a company is looking to create and/or market a product or service under someone else's name.

When you license your brand, basically you rent your legally protected brand identity to another business that will manufacture and sell products carrying your name. To the consumer, licensed products look just like branded products.

There are a few ways that you can license your own brand. You can contact a licensing company and apply for a license, or you can register your brand with the USPTO. You can also work with a licensing lawyer to help you get started.