License Agreement for a Trademark, Software or Patent: How to Grant Usage Rights
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You allowed a partner to use your brand, software, or technology, hoping that everything will go according to plan. But what if it doesn't?
What if the partner starts granting sublicenses to third parties you have never even vetted? What if the quality of goods under your trademark drops so drastically that it harms your reputation, not just their sales? What if royalty payments suddenly stop, and proving the exact amount owed becomes impossible because you failed to specify a clear calculation mechanism in the agreement?
Or what if you are on the other side, planning to use someone else's brand, software, or patented technology? Are you certain that the individual signing the contract with you actually has the legal right to grant such permission? For startups with multiple co-founders and contractors, this issue arises far more frequently than it might seem at first glance.
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