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License Agreement for Use of Trademark Regarding a Manufactured...

Kings New York License Agreement for Use of Trademark Regarding a Manufactured Product

Name: Kings New York License Agreement for Use of Trademark Regarding a Manufactured Product
Brand: US Legal Forms
Rating: 4.69 (299 reviews)

Category:

Copyrights Patents and Trademarks - Licensing

State:

Multi-State

County:

Kings

Control #:

US-0439BG

Format:

Instant download

Description

This form is for a license agreement for use of trademark regarding a manufactured product.

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How to fill out Kings New York License Agreement For Use Of Trademark Regarding A Manufactured Product?

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FAQ

The most commonly used licensing agreements will include trademarks, technology, and trade secrets. Many times, these agreements will include more than one form of intellectual property. Many agreements have some similarities, but there are some significant differences as well.

In May 2018, Nestle and Starbucks entered into a $7.15 billion coffee licensing deal. Nestle (the licensee) agreed to pay $7.15 billion in cash to Starbucks (the licensor) for exclusive rights to sell Starbucks' products (single-serve coffee, teas, bagged beans, etc.)

A product licensing agreement is a legal contract in which one party (licensor) grants the other party (licensee) the right to produce and sell a product. A license can be exclusive, meaning the licensee is the only company that can produce or sell that particular product.

In a typical licensing agreement, the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use patented technology owned by the licensor.

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.

Most licensing agreements will be valid only for a certain length of time. The agreement may have an option to renew the contract or have it modified at that time....Scope of the Agreement Exclusivity. Territory Rights. Guarantees of Sales.

As a general rule, any well-drafted license agreement should address the following topics: Scope of the grant.Term and renewal.Performance standards and quotas.Payments to the licensor.Quality control, assurance and protection.Insurance and indemnification.Accounting, reports and audits.

The steps for making a license agreement are as follows: Download a template for a licensing agreement. Choose your role as the licensor or licensee. Define the license(s) in the agreement. Decide whether the license is exclusive or not. Settle the matter of fees and payment schedule. Add a renewal date and rules.

Precisely identifying which intellectual property will be the subject of the license is necessary to ensure both parties are on the same page and not exceeding their rights. Scope of the Grant.Exclusivity.Territory.Term.Compensation.Termination.Conclusion.

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Kings New York License Agreement for Use of Trademark Regarding a Manufactured Product

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