Affix E-Sign Trademark License Agreement For Free

A trademark licensing agreement does not need to be written down to be legally enforceable, but a simple word-of-mouth licensing agreement is much more challenging to enforce. For this reason, it is highly recommended that a written agreement is created and signed by both the licensor and the licensee.

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.

Increase profit without cost risk: You can earn royalties without investing any money into the production, marketing or distribution of the goods. Increase brand recognition: If you are not already a big name in your industry, you'll benefit from more people seeing your licensed merchandise.

The Official fee to register a subsequent proprietor in case of trademark assignment for each trademark is INR 9000/- when the request for recordal of trademark assignment is filed online and INR 10000/- when the request is filed physically at the Trademark Office.

A licensing agreement allows the licensor to get their product into new markets much more easily than if they were doing the work on their own. It is much easier to enter foreign markets this way, as the license allows the intellectual property to cross borders.

The advantages of trademark licensing are significant for both parties involved- the licensor and the licensee. For the licensor, it offers an opportunity to expand the reach of their brand beyond its core operations, and generate additional revenue through licensing fees and royalties.

In a Trademark licence agreement the proprietor (Licensor) of a registered trademark gives authorization to another company (Licensee) to manufacture and distribute products under this trademark.

For this, the trademark owner must file an application to the jurisdictional Trademark Registrar. The application must include a copy of the licence agreement and details of the trademark's registration. Once the application is approved, the trademark licence will be recorded in the concerned Trademark Registry.