What is royalty license agreement?

A royalty agreement, also called a licensing agreement, is a legally binding contract that grants a licensee the right to use a licensor's intellectual property. In exchange, the licensor will receive royalty payments for the use of their property. Royalty agreements are commonly found in the entertainment industry.

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Agreement to Sub-license Trademark for Use in a Restaurant Business

Kings New York Agreement to Sub-license Trademark for Use in a Restaurant Business

Name: Kings New York Agreement to Sub-license Trademark for Use in a Restaurant Business
Brand: US Legal Forms
Rating: 4.58 (422 reviews)

Category:

Copyrights Patents and Trademarks - Assignments

State:

Multi-State

County:

Kings

Control #:

US-0440BG

Format:

Instant download

Description

This form is an agreement for sublicense of a trademark for use in a restaurant business.

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How to fill out Kings New York Agreement To Sub-license Trademark For Use In A Restaurant Business?

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FAQ

A sublicense is a grant by the original licensee to a third party (the sublicensee) under the patent or other technology rights granted to the original licensee by the licensor.

Brand licenses are agreements that fall under legal protection, allowing a third party to lease a name, likeness, or brand from another business entity or individual. This agreement is a contract that permits the use of a product or idea that is protected under U.S. trademark laws.

Royalties are usage-based payments from one party (a licensee) to another (the licensor). Licensing fees are paid as part of an agreement that defines the terms under which a tangible property is licensed for use by one party (a licensor) to another (the licensee).

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.

A royalty agreement, also called a licensing agreement, is a legally binding contract that grants a licensee the right to use a licensor's intellectual property. In exchange, the licensor will receive royalty payments for the use of their property. Royalty agreements are commonly found in the entertainment industry.

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.

A royalty agreement is a legal contract between a licensor and a licensee. The agreement grants the licensee the right to use the licensor's intellectual property in exchange for royalty payments.

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.

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.

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.

Kings New York Agreement to Sub-license Trademark for Use in a Restaurant Business

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