Licensing Agreement Grants permission to use intellectual property, specifying terms, and any royalties or fees.
1.1. This License Agreement (the "Agreement") is entered into on [Date] by and between [Trademark Owner], a [State] [Type of Entity], located at [Address] (the "Licensor"), and New Era Technologies, a [State] [Type of Entity], with its principal office located at [Address] (the "Licensee").
2.1. Licensor owns certain trademarks related to "New Era" (the "Trademarks"), which are registered with the United States Patent and Trademark Office (the "USPTO") under registration numbers [Registration Numbers].
2.2. Licensee desires a license to use the Trademarks in connection with its business, and Licensor desires to grant such a license, subject to the terms and conditions set forth in this Agreement.
3.1. Licensor hereby grants to Licensee a non-exclusive, non-transferable, revocable, limited license to use the Trademarks in the United States for the term of this Agreement, solely in connection with the sale, marketing, and distribution of products and services manufactured or provided by Licensee (the "Products").
3.2. Licensee shall not sublicense, assign, or otherwise transfer its rights under this Agreement without the prior written consent of Licensor.
4.1. In consideration for the rights granted herein, Licensee shall pay to Licensor, a licensing fee in the amount of [License Fee] due in full upon the execution of this Agreement. All payments shall be made in United States currency.
5.1. This Agreement shall be effective as of the date first written above and shall continue in full force and effect for a term of [Term] years, unless earlier terminated in accordance with the provisions of this Agreement (the "Term").
5.2. This Agreement may be renewed by mutual written agreement of the parties for additional consecutive periods of [Term] years each (the "Renewal Term"), provided that the parties have not given written notice of their intent not to renew.
6.1. Licensee agrees that it shall not use the Trademarks in any manner that would be inconsistent with the approved style, quality, and good taste standards established by Licensor.
6.2. Licensee shall not use the Trademarks in a manner that disparages, tarnishes, or dilutes the value or reputation of the Trademarks or Licensor.
6.3. Licensee shall not use the Trademarks for any purpose other than those expressly permitted under this Agreement.
7.1. Licensee shall comply with all guidelines provided by Licensor for usage of the Trademarks in connection with the Products, including but not limited to, size, typeface, color, and positioning of the Trademarks. Licensor may update such guidelines from time to time upon written notice to Licensee.
7.2. Upon request, Licensee shall provide Licensor with samples of all marketing materials, packaging, and other materials bearing the Trademarks for Licensor's approval prior to distribution. Licensor shall have the right to withhold approval in its sole discretion.
8.1. Either party may terminate this Agreement upon written notice if the other party breaches any material obligation under this Agreement, and such breach remains uncured thirty (30) days after written notice of such breach is provided to the breaching party by the non-breaching party.
8.2. Upon termination or expiration of this Agreement, Licensee shall, at its own expense, immediately cease and discontinue all use of the Trademarks and remove the Trademarks from all materials, physical and digital, used in connection with the Products.
9.1. Licensee agrees to indemnify, defend, and hold harmless Licensor from and against any and all claims, demands, liabilities, damages, costs, and expenses, including reasonable attorney's fees, arising out of or related to: (i) Licensee's use of the Trademarks; (ii) Licensee's breach of this Agreement; or (iii) any claim alleging that Licensee's Products infringe, misappropriate, or violate any intellectual property rights of a third party.
10.1. This Agreement shall be governed by and construed in accordance with the laws of the United States and the State of [State], without regard to its conflict of laws principles.
11.1. This Agreement contains the entire understanding of the Parties and supersedes all prior understandings, whether written or oral, relating to the subject matter hereof. This Agreement may only be amended or modified in writing and signed by both Parties.
In this Licensing Agreement, you will see the following sections:
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