Licensing Agent Agreement With Seller

State:
Multi-State
Control #:
US-L0905AM
Format:
Word; 
Rich Text
Instant download

Description

The Licensing Agent Agreement with Seller is a contractual document that formalizes the relationship between an Owner and an Agent, outlining the terms under which the Agent is appointed as the exclusive merchandising representative for the Owner's property. Key features include the definition of licensed terms, the initial and renewal terms of the agreement, and the conditions for termination. The document emphasizes the necessity for the Agent to obtain the Owner's approval for any proposed agreements with third-party licensees. Responsibilities of the Agent include seeking business opportunities, monitoring compliance with licensing agreements, and providing regular financial accounting to the Owner. The form also details the rights of the Owner in relation to the property and specifies the compensation structure for the Agent, including potential post-expiration compensation. This agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for managing licensing agreements, ensuring compliance with legal obligations, and protecting intellectual property rights while facilitating business opportunities.
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FAQ

Examples of Licensing AgreementsThe software company may require you to sign a licensing agreement in order to use its software. Another example is when franchises have licensing agreements with the headquarters of a restaurant. The licensing allows the franchisee to use the company's branding and marketing materials.

How to decide between types of licensing agreementsPatent 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.More items...?

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.

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.More items...?

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Licensing Agent Agreement With Seller