How to license your trademark

Only Steps - File in Minutes! Instant Downloa Mail Paper Copy or Hard Copy Delivery, Start and Order Now! The first thing you need is a money-making trademark. The next thing you need in order to license your trademark is legal ownership. Any trademark license agreement about a trademark registered with the USPTO can be registered.

Licensing Your Trademark - A Positive Alternative.

This is where licensing comes in. As I’ve written before, licensing is the business of permission. Retaining ownership : As an alternative to selling your trademark , licensing makes it possible for you to retain your ownership interest while allowing other entities to utilize the mark. Optimally, a trademark license should also explicitly state (1) whether the license is exclusive or non-exclusive, (2) the duration of the license , (3) whether the license may be renewed and under what conditions, (4) the amount of any royalty payments or other compensation due to the licensor and when those payments are to be made, (5) the responsibilities of both parties upon the termination or expiration of the license, and (6) the consequences of breaching the license and the time in.

If your business has reached the stage where you are looking to expand abroad or diversify into different markets, licensing your brand could be the ideal way of achieving this. With licensing , it doesn’t matter if you haven’t the staff or the money to fund your expansion. Then take a step back and think about your brand in a broader sense. File a trademark application and other documents online through TEAS.

Founded in we are an online marketplace that offers a wide selection of trademarks and brands registered in the United States and other countries around the world.

Let the Professionals File Your Trademark Today! Passive income – You license the use of your trademark in exchange for consideration, which can come in the form of royalty payments, a percentage of the licensee’s sales, or other forms of compensation. A trademark is a symbol that indicates the source of the product or service. Consumers are entitled to presume that products or services bearing a given mark emanate from the same single source.

When you license your trademark to another party you are giving that party the right to use your trademark on products or services. Trademark permission, also called licensing, exists to allow others to use a trademark , a word or mark that exclusively identifies one person or company as the source of a product or service. When granting proper permission, the trademark owner can take advantage of other benefits as well. Distribute your workload – When you license a trademark to another company, you become professional partners in a merchandising agreement.

The other company can focus on product and service quality and related operations, taking a significant amount of the workload – and pressure – off your company. The license agreement as a tool to keep your trademarks rights. Sometimes a license agreement is necessary for the proprietor in order to meet the requirements of use of the mark for the goods and services it is registered for. Keep in mind that the United States Patent and Trademark Office does not search for conflicting trademarks until after you submit your application. Once you have conducted your trademark search, you need to file a trademark application through the Trademark Electronic Application System (TEAS).

You’ll be presented with a form to fill out—after you decide which application is right for you. All four pertain to building and protecting your reputation and brand. There are four good reasons to get a trademark. They include: National protection for the name trademarked.

Use of the registered trademark symbol.

Creation of assets for you or your company. Legal protection for your internet domain. In order to register trademarks and legally protect them, you would have to pay thousands of dollars at a high-rise law firm.

For those that could afford to register and legally protect their trademark , they were still missing the critical information regarding how to make money from their trademarks once they owned them. Filing for federal trademark protection. When applying for a trademark , expect to pay $2per class (a little more if you have an expert prepare the paperwork for you).

Processing time can take upwards of six to months with the USPTO. The process is more expensive and involved than registering a business name,.