License Agreement For Use Of Name

December 12, 2020

Another important element of a licensing agreement defines the timing of the agreement. Many licensees insist on a strict marketing date for products that are granted to external manufacturers. Finally, it is not in the licensee`s interest to license a company that never markets the product. The licensing agreement also contains provisions relating to the duration of the contract, renewal options and termination terms. Most licensing agreements also deal with the issue of quality. For example, the licensee may enter into the contract conditions that require the purchaser to provide prototypes of the product, mockups of the packaging and even occasional samples for the duration of the contract. Of course, the best form of quality control is usually achieved before the fact – by carefully checking the reputation of the licensee. Another common quality provision in licensing agreements is the method of disposing of unsold products. If stock items are sold as cheap knockoffs, this can damage the licensee`s reputation in the market. Storware software (hereafter referred to as “software”), a work and computer program within the meaning of the Copyright and Neighbouring Rights Act of February 4, 1994, is protected by copyright, international copyright conventions and other international laws and conventions protecting intellectual property rights. All rights to the software are due exclusively to the licensee and are not subject to third-party rights. The software is intended to create backup, archiving, reproduction and data sharing copies.

A licensing agreement is a legal contract between two parties, the licensee and the licensee. In a typical licensing agreement, the donor grants the purchaser the right to manufacture and sell products, apply a brand name or trademark, or use the licensee`s patented technology. In return, the taker generally submits to a number of conditions relating to the use of the licensee`s property and undertakes to publicize the payments in the form of royalties. Another common element of licensing agreements is the party that retains control over copyrights, patents or trademarks. Many contracts also contain a provision on territorial rights or distribution in different parts of the country or the world. In addition to the various clauses included in the licensee protection agreements, some licensees may add their own requirements. They may insist on the guarantee that the licensee owns, for example, the property`s property rights, or they may insert a clause prohibiting the licensee from directly competing with the property granted in certain markets. 3.5. The licensee must not use, copy or imitate the brand, industrial design, company name or name of the software in any deceptive manner, and cannot attach it to any of its components. In addition, the licensee may not remove, hide or modify the copyright or trademark information of the licensee or third party, or any other information relating to property rights related to the software contained in the software or provided in connection with the software or software.

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