Suffolk New York Merchandising License Agreement

Name: Suffolk New York Merchandising License Agreement
Brand: US Legal Forms
Rating: 4.75 (298 reviews)

Category:

Contracts - Merchandise

State:

Multi-State

County:

Suffolk

Control #:

US-1031BG

Format:

Instant download

Description

A merchandise license agreement describes the terms through which the owner of intellectual property, notably in the form of a trademark, service mark or copyright, grants a party, called the licensee, the right to use the property for distribution, marketing, and sale. These agreements can vary in length and complexity and can be as broad or as limiting as the owner of the property desires. Among the issues addressed in a merchandising license agreement are the types of rights allowed, what products the license covers, the duration of the agreement, and compensation and payment terms. In most cases, the owner of the merchandise, identified in an agreement as the licensor, receives an advance payment at the time the agreement is signed and royalty payments based on a percentage of merchandise sales throughout the period the agreement is in effect. The agreement also addresses the obligations of the licensee. In addition to payment terms, these can include responsibility to make a good faith effort to sell the licensed products. Should the licensee fail to meet their obligations, the licensor has the right to terminate the agreement. This action is typically avoided at all costs, however, since the termination of a merchandising license agreement can result in a loss of income and missed opportunities to capitalize on the property by the licensor, and the waste of an often-substantial investment by the licensee.

How to fill out Suffolk New York Merchandising License Agreement?

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FAQ

The licensor owns the rights to certain intellectual property (IP) while the licensee manufactures products using the IP granted by the licensor via a license agreement. A product (or merchandise) license allows licensees to leverage popular IP to create branded products, usually for a specific period of time.

A contract template is a standard pattern for an agreement of some kind that can be filled in with information and used as a contract. Contract templates are often used in situations where the same agreement can serve in multiple situations, over and over, with very few changes.

Merchandise & Character Licensing is the licensing of a recognized trademark or brand that the licensor typically controls through a registered trademark or copyright.

First Steps Identify the owner of the trademarked merchandise you want to sell.Identify the demographics that will pay you money for the licensed merchandise.Obtain permission from the owner of the trademark to sell the goods.

Examples of licenses include a company using the design of a popular character, e.g. Mickey Mouse, on their products. Another example would be a clothing manufacturer like Life is Good licensing its designs and brand in a certain country to a local company.

How to decide between types of licensing agreements Patent Licensing. Patents cover science and innovation.Trademark Licensing. Trademarks are signifiers of commercial source, namely, brand names and logos or slogans.Copyright Licensing.Trade Secret Licensing.Exclusive.Non-exclusive.Sole.Perpetual.

A merchandising agreement is a legal contract between two parties in which the first party agrees to sell specific goods or services to the second party. In this case, "merchandise" refers not only to physical items but also intangible products such as intellectual property.

Licensing can be defined as a contract or agreement between two companies, where one company permits another company to manufacture its products under specified conditions and for a specified payment.

A Suffolk County, New York Contractors License can only be obtained through an authorized government agency.

More info

All business and professional operations must purchase a license before operating in the City of Suffolk. All council members elected prior to the Tuesday after the first Monday in November 2008, shall serve out their complete four-year terms.In some states, you can fill out a Section 8 application online. Suffolk, SS. COMMISSIONER OF BANKS. 5 Senior Merchandiser jobs in Suffolk on totaljobs. Locations within the Bury St Edmunds, West Suffolk and Thetford area as we may reasonably determine. Thanks for entering, and good luck! Terms and Conditions.

Suffolk New York Merchandising License Agreement

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