Trademark License Agreement Template: How To Fill Out
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A trademark license agreement is a contract between a trademark owner and another party who wishes to use the trademark. It outlines the usage rights and clearly defines all conditions governing the relationship so that there are no confusions or disputes.
You don’t have to draft a trademark license agreement, because ContractsCounsel sells one. This online legal network connects clients with vetted, experienced lawyers who draft legally-sound, fair, and clear contract templates.
Read the rest of this article to explore what a trademark license agreement template contains, how to fill it out, and why you should purchase it from ContractsCounsel.
What Does a Trademark License Agreement Template Contain?
This template contains important information to protect your interests and intellectual property. Here are some of its key aspects.
Grant of License
The licensor gives the licensee an exclusive, perpetual, royalty-free, fully paid license to use the trademark in connection with the company. It specifies that the licensee can’t use the trademark in any unauthorised ways.
Quality Control
The licensee will be paying an amount of money to use this trademark, so the licensor wants to know that they will be using it in appropriate ways. The licensee agrees to work according to high-quality standards that don’t cause the licensor any losses of their rights.
To protect their reputation and IP, the licensor will conduct quality control over the licensee’s services and other activities, such as advertising materials. If the licensee is found to exercise inappropriate usage of the trademark, they will need to correct the deviations or misuse within 10 days of receiving notice from the licensor.
Rights and Ownership
The licensed mark and all associated rights belong to the licensor. The contract states that the licensee won’t register the licensed mark or similar trademarks.
Termination
In the case of material breach of the contract, the licensor can end the agreement but must provide written notice at least 30 days before termination. The licensee will also have the opportunity to remedy the breach.
However, there are termination consequences. When termination occurs, rights given to the licensee will return to the licensor and the licensee will stop using the trademark within 60 days of termination.
How to Fill out a Trademark License Agreement
When completing a trademark license agreement, you want to ensure that all your details are clear and correct. Here are the steps to follow when filling it out.
- Step 1: Fill in the effective date of the contract, the name of the company, and the licensee’s name.
- Step 2: Explain what is meant by territory (basically, the geographic area the contract covers) and provide a business description in the space provided.
- Step 3: Write down the fee the licensee will pay annually to use the trademark.
- Step 4: Input the licensor’s and licensee’s addresses for written notices to be sent. Include the name of the person to whom the notices will be addressed.
- Step 5: Write the state whose laws govern the contract.
- Step 6: Sign the contract. Write your names and titles.
- Step 7: In “Schedule A” mention the domain names and trademarks that are included in this agreement.
Why Should You Buy a Trademark License Agreement Template?
ContractsCounsel provides a comprehensive, clear template to govern your working relationships. It’s:
- Instantly downloadable. After completing payment, you’ll receive a link to download the template instantly. This makes the template convenient to buy and use.
- Legally drafted by vetted lawyers on the platform. This makes it legally sound and ensures it covers all key aspects of the trademark license agreement.
- Editable. You can customize your contract with details about your specific situation or working relationship.
- Available for consultation. For an additional charge, you can include a consultation with the lawyer who drafted the template.
Do you need a trademark license agreement template?
Visit the trademark license agreement template page on ContractsCounsel. Select ‘Buy template’ and complete payment. You’ll receive a link to download your template.
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I’m an attorney focusing my practice on concierge corporate and intellectual property law for startups and high-growth companies. I also serve as outside General Counsel to several businesses in various sectors. Since founding my practice I've worked with hundreds of clients across a variety of industries. My experience as a former General Counsel of a premier edtech company gives me unique insight into the challenges my clients face and how to resolve them efficiently and cost-effectively.
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Service: Drafting
Doc Type: Licensing Agreement
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