Brand licensing agreements are very different in length and subtleties. Although many licenses have a similar structure, each license contains different details and clauses based on the products or services granted. While it is more common to license brands as service marks, licensing agreements may include products or services. In addition, licensing agreements are often federally registered trademarks, but unregistered trademarks may also be licenses. As far as registration is concerned, some countries retain the legal obligation to cover licensing agreements. The United States does not require a trademark license from the United States Patent trademark Office. These are some of the most common provisions contained in a trademark licensing agreement, if you need a lawyer for more detailed questions, please contact our office for a courtesy consultation with one of our brand lawyers. 7. WHOLE AGREEMENT / SEVERABILITY.
This agreement contains the entire agreement of the contracting parties. No other agreement, declaration or commitment made on the day or before this agreement comes into force engages the parties. If a provision of this agreement is found, in whole or in part, unenforceable by a court or other competent court for any reason, the rest of that provision and the whole agreement is dissociable and will remain in force. Arbitration – If a dispute were to arise as part of the licensing agreement, it is common practice to ensure that the dispute is resolved through arbitration proceedings, as it is a low-cost method. The clause will indicate whether the arbitration will be binding on the parties and what type of discharge will be obtained by the arbitration. 6. TERMINATION: As is appropriate in any professional relationship, you can at any time terminate our engagement with appropriate notification and we reserve the right to terminate this contract. In the event that our replacement is terminated, you agree to pay all invoices incurred later to cover the costs incurred prior to termination. 3. FRESH.
The flat fee agreed by the lawyer and client for legal services is $950.00 (the “flat fee”). The rules of professional conduct of lawyers in the District of Columbia in the United States require that the unpaid fees of clients advanced by clients to lawyers be kept in a separate “trust account” until the fees are earned and/or the representation is terminated by both parties. This is because funds held in a trust account are generally protected from a law firm`s creditors and can only be spent when they are earned.