Massachusetts Service Mark License Agreement
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How to fill out Service Mark License Agreement?
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FAQ
A trade name is the name a business chooses to do business under. It is commonly known as the ?doing business as? (DBA) name and can differ from the company's business name. If you produce goods, you would be applying for a trademark. If you ?produce? or provide a service, you would be applying for a service mark.
Is it really possible to make real money with trademarks? Of course it is! You can ask the owner of the phrase ?Let's get Ready to Rumble? who has made well over $400 million in licensing revenue ing to ABC. And there are countless other companies, brands, and entrepreneurs that profit from trademarks.
A trademark is used for goods, while a service mark is used for services. A trademark: Identifies the source of your goods or services. Provides legal protection for your brand.
How much does it cost to trademark a name? The basic cost to trademark a business name ranges from $225 to $600 per trademark class. This is the cost to submit your trademark application to the USPTO.
Here are some curious ways in which your registered trademark can earn money for you. When You Sell the Business. ... Licensing Your Trademark. ... Using the Trademark as Collateral. ... Monetizing the Trademark by Crowdfunding. ... Co-branding With Another Company.
This valuation should most likely be between $0 and $12,000 for a trademark that doesn't include a matching .com domain name. While a formal valuation from a trademark broker may still be necessary, hopefully this article has given you a better sense of what your trademark might be worth if you decide to sell it.
While others prefer to receive a percentage of gross revenue earned by the company that is using their trademark. Depending on the perceived value of your trademark, this licensing fee can range from a few hundred dollars to several thousands.
How Do You Register a Service Mark? To register a service mark, an application needs to be filed with the United States Patent and Trademark Office (USPTO). Only when the application is approved can an individual utilize the registered trademark symbol.