Bexar Texas Agreement to Sub-license Trademark for Use in a Restaurant Business
Description
How to fill out Agreement To Sub-license Trademark For Use In A Restaurant Business?
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FAQ
The licensing agreement should explain what the licensee can do with the license. It should say whether the license is exclusive or not. It should also discuss whether the licensor gets to use the license or cedes all rights to the licensee.
What Is a Sub-Licence? When your licensee grants a third party the rights to use your IP, this party is known as a sub-licensee. As a licensor, you should review any potential sub-licence opportunities to ensure the sub-licensee is subject to the same terms and conditions of the licence you have with the licensee.
A trademark license agreement allows the licensee to use (but not own) the licensor's trademark in connection with agreed-on products or services. Licensing can help a company expand into new markets effectively and easily while lending the licensee an established name and reputation.
The advantages of licensing agreement include increasing market share, lowering capital requirements, increasing the return on investment, and decreasing financial and legal risks.
Contract law generally allows a licensee to sublicense their contractual rights and obligations, unless the agreement states expressly that this is not permitted.
In trademark licensing, a trademark owner (Licensor) grants permission to another (Licensee) to use that trademark on mutually agreed terms and conditions. Trademark licensing was considered impossible at one time given that one of the functions of a trademark was to indicate source.
An exclusivity clause gives the right to one partner only to manufacture, distribute and commercialise a product or a service authorised by the licence agreement in a specific territory.
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.
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.
What Is a Sub-Licence? When your licensee grants a third party the rights to use your IP, this party is known as a sub-licensee. As a licensor, you should review any potential sub-licence opportunities to ensure the sub-licensee is subject to the same terms and conditions of the licence you have with the licensee.