License your trademark

That is unless you decide to enter into a license agreement for another company to use your trademark. This is common in merchandising agreements and other business collaborations, and licensing your trademark can be beneficial if done correctly. You should always discuss licensing prospects with an experienced Florida intellectual property attorney. Workload distribution — Licensing partnerships often involve allowing someone else to focus on production operations and quality control, which takes these responsibilities off your company.

This compensation comes without any expenditures on your end so will generally increase your bottom line. Shields from personal liability and protects from other risks and losses. Attracts more customers Procures bank credits and good investment from reliable investors with ease. Minimum Requirements. Minimum 2 Shareholders. Minimum 2 Directors. The directors and shareholders can be same person.

One of the Directors must be Indian Resident. DIN for 2 Directors. Company Name Approval. Incorporation Certificate. New Incorporation Kit. Customized Incorporation Master File. Company PAN Card. Lorem Ipsum is simply dummy text of the printing and typesetting industry.

It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the s with the release of Letrase. Download Free Guide. Frequently Asked Questions. What is Trademark Licensing Licensing of trademark means, owner of the trademark authorizes other person to use the trademark. What are the benefits of Trademark Licensing 1 Trademark Licensing helps the brand owner to grow his reach by partnering with others who are into similar business.

This is the eight blog in our How to Make Money with Trademarks series. Licensing is the process of giving another person legal permission to use something that you own. Oftentimes, individuals that are creative enough to come up with novel and iconic trademarks do not always have the time, capital or desire to build a business around the brand that they created.

Instead, they leverage their creativity by selling the right to use the name, logo, or slogan they invented in exchange for a fee referred to as a licensing fee. The answer to this question is it depends. Our firm represents clients that license their trademarks to individuals and companies in exchange for licensing fees.

Some clients want to receive an annual flat fee for the right to use their trademark. Others want to receive a flat rate each month. While others prefer to receive a percentage of gross revenue earned by the company that is using their trademark. Depending on the perceived value of your trademark, this licensing fee can range from a few hundred dollars to several thousands.

There are two critical things that you need in order to successfully license the name, logo or slogan that you created:. Now that we understand how to license a trademark, we will continue our How to Make Money with Trademarks series by discussing how to market your trademarks to make money.