New York License of Trade Name and Trademark with Option to Purchase

State:
Multi-State
Control #:
US-01926BG
Format:
Word
Instant download

Description

A trade name, also known as a business name, is the name which a business trades under for commercial purposes, although its registered, legal name, used for contracts and other formal situations, may be another. A logo is name, symbol, or trademark designed for easy and definite recognition, sometimes used, as in this case, for easy and definite recognition of a business or service. A licensor may grant a license under intellectual property laws authorizing the use by another party of a logo, trade name, trade mark or service mark.

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FAQ

Yes, you can license your trademark to allow others to use it while still retaining ownership. This can expand your brand's reach and generate additional revenue. When licensing your trademark, it is important to create a comprehensive agreement that clearly defines usage parameters and your expectations. For more guidance, uslegalforms can provide templates and resources to help you navigate the licensing process smoothly.

Yes, you can license a trade name to another party, allowing them to use your business's name for specific purposes. This arrangement can generate income while maintaining your ownership rights. To ensure clarity and protect your interests, it's important to outline the terms of the license agreement thoroughly. Utilizing resources, like those from uslegalforms, can guide you through the process of licensing your trade name effectively.

Assignment of a trademark is a transfer in the ownership of the trademark registration. Whereas in licensing, the ownership and proprietary rights of the trademark continue to remain with the original owner, but only a few restricted rights to use the brand are given to the third party.

Summary. Registering your business name for a trademark isn't required in order for you to have trademark rights. However, a registered trademark can provide greater protection for your brand while helping you build your brand and drive business growth.

The government fees for trademark registration is Rs. 9000 per application per class for company. The government fees for trademark registration is Rs. 4500 per application per class for individual.

The law makes a definite distinction between the twoa trade name refers to the company's official name, while a trademark provides a company's brand with legal protection.

You can not register a trademark for free. However, you can establish something known as a "common law trademark" for free, simply by opening for business. The benefit of relying on common law trademark rights is that it's free, and you don't need to do any specific work filling out forms, etc.

A licensed mark is a trademark that a franchisee, or other licensee, has obtained the right to display for a certain period of time. The licensee doesn't own the trademark, but the trademark owner has granted him the right to display the trademark for a limited time, and subject to certain conditions.

To register a trademark or service mark in New York State, contact: NY State Dept. of State-Division of Corporation and State Records, Albany (518) 474-4770. A patent is a grant from the government to an inventor that protects his or her claimed invention in the USA for up to twenty years from the date of application.

A registered trademark helps you protect that hard work you can take federal legal action against anyone illicitly using your name, you can challenge trademark applications that seem to close to yours, and you can ensure that your reputation isn't incorrectly tarnished thanks to second-rate products or service

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New York License of Trade Name and Trademark with Option to Purchase