Are you a startup business that’s planning to have a restaurant franchise? Or are you thinking about any fast food or food and beverage type of sub-franchise? Well, if that’s the case, you need to start preparing all the necessary documents to make it happen. One of the documents you’ll need to seek from the original restaurant owner is the restaurant trademark license agreement. As you can see, a trademark has already been established, especially for restaurants operating for over a year. So, this is rightful to construct an agreement that will allow you to use their company profile for your future business.

7+ Restaurant Trademark License Agreement Samples

1. Restaurant Trademark License Agreement Template

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2. Restaurant Trademark License Agreement

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3. Sample Restaurant Trademark License Agreement

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4. Restaurant Non-Exclusive Trademark License Agreement

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5. Restaurant Trademark License Application Agreement

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6. Hotel Restaurant Trademark License Agreement

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7. Standard Restaurant Trademark License Agreement

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8. Restaurant Trademark License Program Agreement

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What Is a Restaurant Trademark License Agreement?

A restaurant trademark license agreement is a document that grants a third party the right to utilize the restaurant’s trademark. The Licensor or the registered trademark gives the authority to another entity a chance for manufacturing, advertising, and marketing any product and services they have. It is a part of their restaurant policy where the Licensee obtains exclusivity in a particular territory. In exchange, it also pays certain money and percentage based on their sales value for the restaurant’s profit.

How To Make a Restaurant Trademark License Agreement?

In any case, licensing can be an excellent way for any restaurant business to profit with its intellectual property without transferring all its ownership to another entity. So, if you’re planning to go along with this type of business venture, get to know how to craft a trademark license agreement efficiently. This is also essential aside from a restaurant advertising contract that you may encounter in your business. Read the steps provided below to gain additional information for your agreement.

1. Determine The Definition

Common to most business agreements, definitions are essential to comprehensive trademark licensing agreements. To avoid confusion between the parties, the licensor must set forth what specific terms used in the contract mean. This will also prevent potential conflict if litigation happens to arise.

2. Identify The Geographical Scope of The Agreement

Another vital element in this agreement is the geographical scope. Since a licensor may license the trademark to numerous licensees, it is essential for the agreement to restrict the geographical areas in which the licensee may operate the brand.

3. Specify License Duration

A licensor may also specify the duration and right to terminate any licensing agreement provisions. It can license the trademark for a short time to gauge whether a business relationship is profitable enough to renew for another term. Likewise, the right to terminate the deal is vital for the licensor because it allows the licensor to end the agreement immediately upon the licensee’s misuse of the mark or for other breaches of the contract.

4. Add The Royal Rate Condition

The licensing agreement’s royalty rate is another critical element of the trademark licensing agreement. The more practical the trademark, the higher the royalty rate for licensees of the mark. And as such, it is not unusual for trademark licensors to set minimum anticipations in the licensing agreement.

What are trademark licenses?

A trademark license is an arrangement between the trademark owner and another entity, who is given permission to do something that would otherwise be an infringement of the owner’s rights without a license.

What is an exclusive license agreement?

An exclusive license permits a licensor to transfer intellectual property with a licensee for a specific period that usually binds the licensor not to share the property with anyone else.

Is the trademark and trade license the same?

An assignment of a trademark is a transfer in the ownership of the trademark registration. Whereas in licensing, the trademark’s ownership and proprietary rights stay with the original owner, only a few limited rights to use the brand are given to the third party.

A restaurant trademark license agreement can be a valuable tool to profit your brand while operating a restaurant. Think of it as a wise investment and get started by crafting it from scratch or by availing of our affordable and appropriate templates.

 

 

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