 While the owner of a Service Mark holds the exclusive right to use that Service Mark to market or sell services, the Service Mark owner may transfer certain of those rights to a third party by way of a Service Mark License Agreement. A Service Mark license generally is given for a specific duration, during which the licensee pays the Service Mark owner for the use of the Service Mark. Once the term of the license is over, all rights in the Service Mark revert back to the Service Mark owner. Among others, this form includes the following key provisions: - Grant of License: the license granted in this type of agreement spells out the kinds of rights that the licensee will be able to enjoy
- Term: The term of the license agreement, and of the license granted therein, is generally for a fixed period of years, all Service Mark rights will revert back to the licensor.
- Payments: Outlines the method and frequency of payments
- Licensor's Representations and Warranties: Describes any representations the Licensor will make, and any warranties the Licensor grants
- Quality Control: Quality standards the licensee must meet in order to continue use of the Service Mark
This attorney-prepared packet contains: - Basic Introduction to Service Marks
- Instructions for Service Mark License Agreement
- Service Mark License Agreement
State Law Compliance: Designed for use in all states$17.95
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