Kansas Merchandising License Agreement

State:
Multi-State
Control #:
US-1031BG
Format:
Word; 
Rich Text
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.
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FAQ

Any individual, organization or company wishing to use the name or identifying marks of the NCAA and/or any of the NCAA's Championship Events must obtain a license. This includes manufacturers or service providers who use the NCAA name or logo on products (including premiums for promotions) or in advertising.

A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.

In general, you should follow this procedure:Determine if permission is needed and whether the material is protected under law. Ask yourself if your usage would violate the law.Identify the trademark owner.Identify the rights needed.Contact the owner.Receive your written permission agreement.

Making one copy of the college logo for your own personal use does not infringe the copyright in that logo and because you're not selling or giving away the shirt the logo is not in commerce and, therefore, does not infringe the college's...

School logos, mascots, taglines, and other branding devices are often intellectual property and protected by trademarks and copyrights, which protect the school's brand.

What You'll Need to Obtain a CLC Local License$100 non-refundable application fee.Completed application.Institutional fees vary between $250 and $5,000+FLA (Fair Labor Association) fees vary greatly.Credit report.Factory/Supplier information form.Product samples.Label samples.More items...?

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.

Practitioners and licensing executives often refer to three basic types of voluntary licenses: non-exclusive, sole, and exclusive. A non-exclusive licence allows the licensor to retain the right to use the licensed property and the right to grant additional licenses to third parties.

A licensing agreement is a legal contract between two parties, known as the licensor and the licensee. In a typical licensing agreement, the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use patented technology owned by the licensor.

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.

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Kansas Merchandising License Agreement