Chicago Illinois Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product

• Category: Licenses - Apparel Sales
• State: Multi-State
• City: Chicago
• Control #: US-01986BG
• Format: Word; Rich Text

Description

One of the easiest and most common ways to exploit the value of a brand name is by licensing. In simple terms, a license is a grant of certain rights by the owner (the licensor) to someone else (the licensee) for a specified period of time. A license is different from an outright transfer of the rights because a license is usually for a limited period of time. At the end of that period the rights return to the licensor. A brand name may be licensed, such that a clothing company may license another company to use the well-known brand name on its clothing or a company like Disney may license the use of its name to promote another product.

This particular form is heavily in favor of licensee.

Chicago Illinois Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product is a legally binding contract that enables a licensee to exclusively sell a specific line of apparel in the city of Chicago, Illinois. This agreement grants the licensee the sole right to market, distribute, and sell the licensed products within a defined territory. However, the licensor reserves the right to sell the licensed product as well, subject to certain conditions. Keywords: Chicago Illinois, agreement, exclusive license, sell, line of apparel, reservation of right, licensor, licensed product. Types of Chicago Illinois Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product: 1. Trademark Exclusive License Agreement: This type of agreement grants the licensee exclusive rights to use the licensor's trademark on a specific line of apparel within Chicago, Illinois. The licensee has the sole authority to market and sell products bearing the licensed trademark, while the licensor retains the right to sell them under certain circumstances. 2. Copyright Exclusive License Agreement: In this type of agreement, the licensee is granted an exclusive license to reproduce and distribute copyrighted apparel designs within Chicago, Illinois. The licensee has the exclusive right to sell products featuring the licensed copyrighted designs, while the licensor maintains the reservation to sell them as well, under specified conditions. 3. Patent Exclusive License Agreement: This agreement allows the licensee to exclusively manufacture, market, and sell apparel products utilizing a patented technology or invention within Chicago, Illinois. The licensee holds the sole rights to sell patented apparel items, while the licensor retains the reservation to sell them if certain conditions are met. 4. Exclusive Distribution Agreement: Similar to the aforementioned agreements, this type of contract grants the licensee the exclusive right to distribute and sell a specific line of apparel within Chicago, Illinois. The licensee becomes the exclusive distributor within the defined territory, while the licensor retains the right to sell the products as well, subject to specific terms and conditions. In summary, a Chicago Illinois Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product is a comprehensive contract that outlines the exclusive rights and responsibilities of the licensee in selling a particular line of apparel within Chicago, Illinois. The licensor retains the right to sell the licensed products as well, albeit subject to specified conditions.