West Virginia Nonexclusive Trademark License Agreement
Description
How to fill out Nonexclusive Trademark License Agreement?
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FAQ
A Trademark license agreement is a process wherein a registered owner of a trademark (licensor) authorizes another person (licensee) to use the trademark. This is for a certain time, in a certain territory, and under certain terms and conditions without transferring the ownership of the mark.
An exclusivity clause limits licenses, distribution rights, and other rights to specific parties. It grants to that party only the rights outlined in the contract and further limits how that party may use the rights they were given. These clauses often appear in contracts, including: Intellectual property agreements.
What is trademark licensing? (1) Definition. In trademark licensing, a trademark owner (Licensor) grants permission to another (Licensee) to use that trademark on mutually agreed terms and conditions.
Key Takeaways. 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.
licensing agreement is a contractual arrangement between two or more parties in which each party is granted rights to a piece of technology, product, research, or other subject. Crosslicenses generally occur between companies that hold patents over different aspects of the same product.
Brand licensing is the act of giving permission to another company to use your business's intellectual property (IP). Brand owners lease their patents, software, or characters to other companies. Licensees can re-sell the IP at a higher price or manufacture merchandise with the IP on it.
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.
Exclusive Licence grants to the licensee the right to use the intellectual property, but means that the licensor remains free to exploit the same intellectual property and to allow any number of other licensees to also exploit the same intellectual property.