Can you license the use of a trademark?
A trademark license agreement allows the licensee to use (but not own) the licensor’s trademark in connection with agreed-on products or services.
Can a trademark license be perpetual?
Like a technology license, a trademark license can be exclusive or nonexclusive, perpetual (although limited to use with a product or service for so long as it is available) or for a stated term, worldwide or for a limited territory, nontransferable or assignable, and fully-paid or fee-bearing.
What is a trademark royalty?
Trademark royalties are the payments a licensee makes to a licensor in exchange for the use of their trademark. Trademark royalty rates are usually a percentage of the revenue generated by the trademark, and ensure that both parties benefit fairly from the trademark licensing agreement.
What is the difference between a trademark and a service mark?
It’s how customers recognize you in the marketplace and distinguish you from your competitors. The word “trademark” can refer to both trademarks and service marks. A trademark is used for goods, while a service mark is used for services.
What is the cost for trademark registration?
The cost of registration per application is about Rs. 4000. If any person is registering its brand or register logo under many categories, then he/she have to pay Rs. 4000 per category.
Can I sell my trademark?
Unlike patents, trademarks are associated with a product or a business and are not sold outright. Trademark ownership can be transferred along with ownership of the business or product the trademark represents. For example, if you sell your business, you may sell the trademark rights to the logo along with it.
Do you need both a trademark and service mark?
If your company sells an item or multiple items, you’d need to trademark the mark used to represent the business. If you have a company that provides a service, focus on the service mark. Using TM in your mark represents trademark and SM represents service mark. Neither holds any legal significance.
What is the difference between trademark and registered?
The R symbol indicates that this word, phrase, or logo is a registered trademark for the product or service. It must only be used in the case of registered trademarks and by the owner or licensee. It also must only be used in the regions in which you possess a valid trademark registration.
How do I get my own royalties?
The Four Steps to Collect All Your Royalties
- Step 1: Select a Music Distributor For Recording Revenue.
- Step 2: Affiliate Yourself With a Collection Society For Performance Royalties.
- Step 3: Associate With a Publisher to Collect All Your Global Publishing Royalties.
Can you use TM without registering trademark?
TM or SM are for unregistered marks only. Use TM for marks that represent goods and SM for marks that represent services. If your mark covers both goods and services, use TM. The federal registration symbol, ®, is only for marks registered with the USPTO.
Why is trademark registration important?
A registered trademark establishes ownership over the brand, name or logo. It protects your brand from any unauthorized use of the third party. The registered trademark proves that the product totally belongs to you and you have exclusive rights to use, sell, and modify the brand or goods in whichever manner you want.