A trademark license agreement is created between the owner of a trademark and the person or organization to whom the trademark will be transferred or assigned in return for a royalty. A trademark is a logo or symbol which represents an organization and its products and services, and the owner alone has the right to use it. When he enters into a trademark license agreement, he allows the other entity to own the trademark rights and get a predetermined amount of compensation in exchange for that.
Before entering into a trademark license agreement make sure that your trademark is licensed with the United States Patent and Trademark Office. The trademark license can be limited to a particular region or may encompass the whole country. It can also be limited to a specific product or service or may include all the products owned by you. While creating the license agreement make sure to clear these things is that there is no confusion later.
Sample Trademark License Agreement
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