An agreement of license between a trademark owner and a manufacturer is an official document that states that the manufacturer of a product has the permission to manufacture the product by the company or the individual who has trademarked it.

In case of an assignment of a trademark, there is a transfer in the ownership of the trademark registration and in case of licensing, the proprietary rights of the trade mark continue to vest with the original owner but only few restricted rights to use the brand/trademark are given to the third party.

Elements of Trademark License Agreement The most important part of the agreement is to properly demonstrate that the licensor remains in control of the quality of the goods or services sold in connection with use of the mark.

A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.

There are few faster or more profitable ways to grow your business than by licensing patents, trademarks, copyrights, designs, and other intellectual property to others. Licensing lets you instantly tap the existing production, distribution and marketing systems that other companies may have spent decades building.

Trademark licensing is the process wherein a registered proprietor of a trademark authorises a third party to use the mark in the course of trade without transferring the ownership of the mark.

A license arrangement is generally easier and cheaper to set up than a franchise concept. Ongoing management is also less demanding. However, you are giving up a lot of control over the quality of the products and services the licensee will provide, and this could damage your reputation.

Generally, there are three types of licensing agreements: exclusive, sole, or non-exclusive. In an exclusive license, the licensee is only the party that can use the licensed intellectual property.

Licensing is a business arrangement in which one company gives another company permission to manufacture its product for a specified payment. Licensing generally involves allowing another company to use patents, trademarks, copyrights, designs, and other intellectual in exchange for a percentage of revenue or a fee.

Miami-Dade Florida License Agreement with regard to use of Trademark in Connection with a Manufactured Product

Description

Related forms

Viewed forms

Show more info

Form Rating

Form popularity

FAQ

What is a trademark usage license agreement?

What is the difference between assignment of trademark and licensing of trademark?

What is the important feature of trademark licensing agreement?

Why would a company use a licensing agreement?

What is the purpose of licensing agreement?

Why would a company be interested in licensing?

What is the trademark product/service and licence the trademark to another party?

Why would a company use a licensing agreement over a franchise?

What are three types of licensing agreements?

What kind of contracting is involved when a firm allows another to use its trademark?

Trusted and secure by over 3 million people of the world’s leading companies