Georgia Exclusive Trademark License Agreement
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How to fill out Exclusive Trademark License Agreement?
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FAQ
An Exclusive Licence means that no person or company other than the named licensee can exploit the relevant intellectual property rights. Importantly, the licensor is also excluded from exploiting the intellectual property rights.
Exclusivity means that you give them the sole right to sell, distribute, or use your product or service in a certain market or territory. Non-exclusivity means that you allow them to compete with other partners or channels.
Exclusive license allows a licensor to share intellectual property with a licensee for a specific period of time that usually binds the licensor to not share the property with anyone else.
3. Trademark license agreement instructions Introduction of Parties. ... Recitals. ... Section 1: Grant of license. ... Section 2: No assignment or transfer. ... (Optional) Section 3: Territory. ... Section 4: Consideration. ... Section 5: Maintenance of records and audit rights. ... Section 6: Term.
Exclusive and Non-Exclusive Licenses A copyright exclusive license is one in which ownership in one or more rights is transferred by the copyright owner. A copyright nonexclusive license occurs when the owner retains ownership of the copyright and/or may license the same right to others.
Excludable goods are private goods, while non-excludable goods are public goods. For example, while everyone can use a public road, not everyone can go to a cinema as they please. To enter one, a person needs to purchase a ticket, and their purchase of a ticket excludes someone else because seating is limited.
The phrase ?sole and exclusive license,? for example, is common yet contradictory. ?Sole,? on the one hand, means only one person has the legal right to use the product. ?Exclusive,? however, actually means only one other person has that right.
An exclusive license gives the holder a greater degree of control, while a non-exclusive license is more permissive and allows for multiple parties to use the property. It is also worth noting that a license agreement can include various terms and conditions.