Nike's brand collaborations have allowed them to reach audiences they wouldn't have been able to reach on their own. Some of Nike's most notable brand partnerships have included companies such as Apple, Beats by Dre, and CLOT.
As stated earlier, Nike would be classified as a legal monopoly, which is not illegal. The legal definition of a monopoly is a market structure in which only one firm sells a product for which there are no close substitutes.
Nike, Inc. and the National Basketball Players Association (NBPA) also extended their group license agreement, making Nike, Inc. an official partner of the NBPA.
In this context, Nike grants intellectual property rights through licenses to third parties, who are entitled to manufacture and distribute these products.
The company zealously guards several brand elements forming its intellectual property foundation. Take the Swoosh itself - registered in 1971, this deceptively simple mark has grown to symbolize athletic excellence. Nike strategically maintains multiple trademark registrations spanning clothing to digital properties.
Meet The Nike Athletes and Their Partnerships Michael Jordan: The Deal That Changed Everything. LeBron James: The Billion-Dollar Bet. Cristiano Ronaldo: A Global Force. Tiger Woods: Transforming Golf's Image. Serena Williams: Championing Women in Sports. Kobe Bryant: The Legacy of Mamba Mentality.
Trademarks are usually made for names, symbols, catchphrases, figures, and lyrics. For example, the Nike swoosh symbol, the phrase "Just do it" and the name Nike are trademarked. In essence, Nike has three separate trademarks for its symbol, slogan, and name. Trademarks are meant to protect the brand.
Your Music Recording Contract should cover details like: Compensation and royalties. Where and when the album will be recorded. The album's release date. Who has creative control over specific elements of the album. The termination clause. The exclusive agreement clause. Dispute resolution. Promotional appearances.
Individual Artist Agreement. The Individual Artist Agreement is a contract entered into between the Artist and the AGMA signatory company for which they are working. It is a legal agreement that binds the Artist and the Company to fulfill all the terms and conditions contained in it.
Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Include a description of how the contract will be ended. Write into the contract which laws apply and how disputes will be resolved. Include space for signatures.