Sometimes the licensed item is pretty much the mark. Dee and Mark Wanger are co-founders and co-owners of Ridekick International in Fort Collins, Colorado, which manufactures a power trailer that adds a 20 km/h boost to adult bikes and trikes. Ridekick is the exclusive licensee and pays a fee to the inventor who did not want to start a business himself. “This licensing opportunity is the channel that helped us start our own business,” wanger says. Ajmal “AJ” Saleem, owner and director of Suprex Learning in Houston, licensed an online practical testing software called Test Innovators. “The license gives us an advantage,” he says. “Technology assesses academic weaknesses very quickly and allows parents to make progress, so the costs are worth it.” Licensing agreements are the conditions under which one party can use the property of another party. While the real estate concerned may include a large number of properties, including real estate and personal property, licensing agreements are most used for intellectual property, such as patents and trademarks, as well as copyrights for written material and visual arts. Examples of licenses are available in many different sectors. An example of a licensing agreement is an agreement between software copyright holders to a company, which allows it to use computer software for their day-to-day activities. Grimes LLC is an internationally recognized intellectual property law firm with decades of experience in developing international toy licensing contracts. We can help you negotiate the terms of your licence and ensure that it complies with existing legislation. Our legal team has written hundreds of articles on toy licensing and intellectual property related to it and is highly respected in this particular area.
We can verify existing agreements and provide aggressive representation in the event of a licensing dispute. Our firm`s lawyers can also help you with trademarks, patents, copyrights, confidentiality agreements and other licensing issues. Some of the provisions that can be used to ensure the sale of licensed products are: An example of a licensing agreement in the restaurant area would be for a McDonald`s franchisee to have a licensing agreement with McDonald`s Corporation that allows them to use the company`s branded and marketing materials. And toy manufacturers regularly sign licensing agreements with movie studios and give them the legal authority to produce action characters based on popular similarities of movie characters. The agreement should give the purchaser the right to manufacture, import, market, market and sell licensed products and determine whether the subsidy will be exclusive or not. If the grant is exclusive, the licensee cannot grant the same rights to any other taker in the country. If the subsidy is not exclusive, the licensee may grant the same rights to others, unless it makes an exclusive effort to do so. In addition to production, import and distribution rights, the licensee should acquire the right to use the property granted in or on the advertising of the product to be produced. On the other hand, the reasons for a licensing agreement for the sale of a toy could include a reduction in research and development costs related to the creation of an existing product, the reduction of competition for similar products or the capitalization of the brand associated with the toy.
A license agent who has been charged by IP owners with the trade agreement is a channel that helps you obtain licenses.