North Carolina Service Mark License Agreement is a legal contract that grants permission to use and license service marks in the state of North Carolina. Service marks are distinctive symbols, logos, or phrases used by businesses to identify their services and differentiate them from competitors. The agreement outlines the terms and conditions under which the service mark owner (licensor) allows another party (licensee) to use and commercialize the service mark. It sets forth the rights, obligations, restrictions, and limitations of both parties involved. Keywords: North Carolina, service mark license, agreement, legal contract, permission, license service marks, state, distinctive symbols, logos, phrases, identify, differentiate, terms, conditions, licensor, licensee, rights, obligations, restrictions, limitations, commercialize. There can be various types of North Carolina Service Mark License Agreements, namely: 1. Exclusive License Agreement: This type grants the licensee exclusive rights to use the service mark within a specified geographical area or for a particular period. It prevents the licensor from granting similar licenses to others within the same scope. 2. Non-Exclusive License Agreement: This agreement allows the licensee to use the service mark, but the licensor retains the right to grant licenses to other parties as well. It provides flexibility for both parties and enables the licensor to generate additional revenue streams. 3. Compulsory License Agreement: In some cases, the state of North Carolina may require the licensor to grant licenses to interested parties. This type of agreement usually occurs when the service mark is of significant public interest, such as a crucial public service. 4. Limited Term License Agreement: This agreement specifies a fixed duration during which the licensee can use the service mark. It is commonly used when the licensor wants to grant temporary rights for a specific event, campaign, or promotion. 5. Revocable License Agreement: This type permits the licensor to revoke the license at any time if the licensee fails to comply with the terms or violates any provision of the agreement. It gives the licensor the authority to reclaim the exclusive rights to the service mark. Keywords: exclusive license agreement, non-exclusive license agreement, compulsory license agreement, limited term license agreement, revocable license agreement.
North Carolina Service Mark License Agreement
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How to fill out North Carolina Service Mark License Agreement?
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An example of a licensing agreement in the restaurant space would be when a McDonald's franchisee has a licensing agreement with the McDonald's Corporation that lets them use the company's branding and marketing materials.
How to Register a Trademark or Service Markin North Carolina Find Out If the Trademark or Service Mark is Available: ... 2 Get Three (3) Specimens Showing ?Use? of the Trademark or Service Mark: ... 3 Frequently Asked Questions: ... Complete a Trademark Registration or Renewal Application: ... $75 Non-Refundable Filing Fee:
Your trademark license agreement should be written, include negotiated terms and provisions, and be signed by all parties. To be valid, your agreement must address and include each of the following provisions: Parties: identification of the licensor and licensee (full, legal names)
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.
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.
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.
You can also register a trademark for your logo with the Secretary of State in the state where you will be using the logo. Doing so protects your rights only within that state, so the logo can be used by others in other states. The third and most expensive option is to file a trademark application with the USPTO.
What is Trademark Licensing? Examples of trademark licensing include a sports team that licenses its logo to third-party merchandisers, a popular cartoon character used on clothing produced by third parties, or a soft drink company allowing a licensee to sell branded products.