This agreement is used when a Licensor wishes to give the Licensee an exclusive license to all existing versions of a software program and all related documentation, if any, solely for a specific purpose.
Wisconsin Trademark License Agreement
State:
Multi-State
Control #:
US-CP5A08
Format:
Word;
PDF;
Rich Text
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FAQ
The University of Wisconsin-Madison seal and the most commonly used drawing of Bucky Badger have not been trademarked or copyrighted. Unrestricted use of these symbols has been commonplace for decades. For this reason, they are essentially in the public domain.
A trademark licence is an agreement between a trademark owner (the licensor) and another entity (the licensee) in which the licensor permits the licensee to use its trademark for commercial purposes.
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 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.
Seven UW students take on the role of Bucky Badger each year. They perform in front of thousands of spectators at hundreds of events throughout the year. The amount of passion each Bucky feels toward UW is huge each Bucky takes on dozens of events every year, serving their university for no pay.
Buckingham U "Bucky" Badger is the official mascot of the University of WisconsinMadison.
A 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.
The U doesn't actually stand for anything. (You might conclude it's useless.) The name was chosen for the UW's mascot by then-student Bill Sachse '50, who was also one of the creators of the costume that turns an otherwise nondescript student into Bucky.
In trademark licensing, a trademark owner (Licensor) grants permission to another (Licensee) to use that trademark on mutually agreed terms and conditions.
With the news that Bucky's creator, William Bill Sasche '50, died last month at the age of 85, came a reminder about another little-known element of Bucky's naming history: the 1949 contest to name UW's mascot was rigged.