Wyoming Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product

State:
Multi-State
Control #:
US-01986BG
Format:
Word; 
Rich Text
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Description

One of the easiest and most common ways to exploit the value of a brand name is by licensing. In simple terms, a license is a grant of certain rights by the owner (the licensor) to someone else (the licensee) for a specified period of time. A license is different from an outright transfer of the rights because a license is usually for a limited period of time. At the end of that period the rights return to the licensor. A brand name may be licensed, such that a clothing company may license another company to use the well-known brand name on its clothing or a company like Disney may license the use of its name to promote another product.


This particular form is heavily in favor of licensee.

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  • Preview Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product
  • Preview Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product

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FAQ

A granted license is an official permission given by the licensor to the licensee, allowing them to use an asset under specified terms. This arrangement solidifies the rights and responsibilities of both parties. A Wyoming Agreement Granting Exclusive License to Sell a Line of Apparel delineates these terms, protecting both the licensor's interests and the licensee's rights.

An unlimited license allows the licensee to use a product without restrictions or limitations, whereas exclusive rights provide specific conditions under which the licensee can use the product. This distinction is crucial in contracts like the Wyoming Agreement Granting Exclusive License to Sell a Line of Apparel, ensuring that the licensee does not exceed their authorized use.

Exclusive agency means that only one agent can represent a principal, but the principal can also sell independently. Conversely, exclusive right to represent means the agent has the sole authority to represent the principal, and the principal cannot sell independently during the agreement. In a Wyoming Agreement Granting Exclusive License to Sell a Line of Apparel, clarifying these terms helps avoid conflict.

A personal license grant is a type of license that is restricted to an individual and cannot be transferred to others without explicit permission. This ensures that specific benefits or rights remain with that individual. In the context of a Wyoming Agreement Granting Exclusive License to Sell a Line of Apparel, personal licenses can be created for unique designs or specific merchandising rights.

Exclusive rights signify that the holder has complete authority over an asset, preventing others from using it without permission. These rights can cover usage, reproduction, and distribution. A Wyoming Agreement Granting Exclusive License to Sell a Line of Apparel ensures these exclusive rights are clearly outlined for both parties.

Exclusive rights refer to total control over the use of a product or intellectual property, meaning no one else can use it in any way. An exclusive license, on the other hand, grants specific rights to a licensee while the licensor retains ownership. In a Wyoming Agreement Granting Exclusive License to Sell a Line of Apparel, the rights are clearly defined within the agreement.

A license grant is a legal agreement where the licensor provides specific rights to the licensee to use, sell, or distribute a product or intellectual property. It defines the extent and limitations of those rights. In a Wyoming Agreement Granting Exclusive License to Sell a Line of Apparel, the licensor allows a party to sell apparel while maintaining certain rights.

An example of a license grant is a film studio allowing a streaming service to show its movie for a set time. This grant defines the scope of use, duration, and any compensation involved. In the framework of a Wyoming Agreement Granting Exclusive License to Sell a Line of Apparel, a brand may grant a retailer exclusive rights to sell its products.

A common example of a licensure is a software license. This legal document allows the user to operate a specific program under certain conditions defined by the licensor. Similarly, a Wyoming Agreement Granting Exclusive License to Sell a Line of Apparel allows a specific party to sell licensed products, providing them exclusive rights within those parameters.

When a song is under an exclusive license, it means that the licensee has the sole rights to use the song for specific purposes as defined in the license agreement. This type of agreement restricts the licensor from allowing others to use the song in the same way. In the context of a Wyoming Agreement Granting Exclusive License to Sell a Line of Apparel, licensing grants similar exclusive rights for merchandise.

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Wyoming Agreement Granting Exclusive License to Sell a Line of Apparel with Reservation of Right by Licensor to Sell Licensed Product