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Hear this out loud PauseAlthough 15 U.S.C. § 1060 requires that assignments be written, a license can be oral. In licensing trademark rights, the owner may include the right to sue for trademark infringement. The licensee's right to sue originates from the license and is governed by the terms of the licensing agreement.
Hear this out loud PauseA trademark licensing agreement is a legal contract between a trademark owner and another party that have agreed to use the trademark on preapproved terms decided between the contracting parties.
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.
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.
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.
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.
Hear this out loud PauseWhile 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.