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Licensing Agreement by MichaelChoate

VIEWS: 74 PAGES: 2

									Complete on screen, print, sign and send.

This document shall serve to confirm our understanding concerning the granting by the University of Wisconsin -

River Falls to ____________________________________ a non- exclusive license to use certain trademarks on

__________________________________________ products. The University of Wisconsin-River Falls is self-licensed.

    1.   The University of Wisconsin-River Falls hereby grants to ________________________ (Licensee) to use the University of
         Wisconsin-River Falls trademarks anywhere in the continental United States in connection with the sale of products
         manufactured by the Licensee. The University of Wisconsin-River Falls represents that it is the owner of and has all the rights
         and title to the licensed trademarks. This is intended to be a non-exclusive license and the University of Wisconsin-River Falls
         shall be permitted to license others to use the licensed trademarks.

    2.   Licensee hereby agrees to pay to the University of Wisconsin-River Falls for the license a royalty of seven and one half percent
         (7 1/2%) of the net sales of the Licensee’s products sold bearing the licensed trademarks. For the purpose of this license, “net
         sales” shall be the total amount billed by the Licensee to its customers for any product bearing the licensed trademarks less all
         trade discounts and allowances, including credits and allowance for returned items. The royalty shall be paid by check payable to
         the University of Wisconsin-River Falls on a quarterly basis.

    3.   All designs shall be previously submitted to and approved by Alice M. Cernohous, Licensing Manager. A printed sample shall be
         submitted to the Licensing Manager upon completion for quality standards inspection. The University of Wisconsin-River Falls
         may, upon reasonable notice, inspect, during normal business hours, Licensee’s facility where the products bearing the licensed
         trademarks are made, and may inspect sales records.

    4.   Licensee shall advise the University of Wisconsin-River Falls of any instance of infringement of the licensed trademarks or
         claims by others that Licensee is infringing by using the licensed trademarks. The University of Wisconsin-River Falls may take
         any action that it deems appropriate to prosecute or defend any claimed infringement.

    5.   Licensee shall indemnify and hold the University of Wisconsin-River Falls harmless from any and all claims, suits, actions,
         judgments, damages and costs and expenses arising from or out of any injury to third parties or damage to property resulting
         from the Licensee’s products bearing the licensed trademarks except that this indemnification and hold harmless provision shall
         not include any claim based solely on trademark infringement or unfair competition.

    6.   All notices, communications or payments shall be sent to this address:
         Licensing Manager
         111 North Hall
         University of Wisconsin-River Falls
         410 South Third Street
         River Falls, WI 54022


AGREED AND CONSENTED TO:                                               Board of Regents of the University of Wisconsin System
                                                                       d/b/a The University of Wisconsin-River Falls
Date: ________________________________________
                                                                       Date: ___________________________________________

Signature: ______________________________________
                                                                       Signature: __________________________________________

Name: ________________________________________
                                                                       Lisa Wheeler
                                                                       Vice Chancellor for Administration and Finance
Title: _________________________________________


                                   UNIVERSITY OF WISCONSIN-RIVER FALLS
                                                 Phone 715-425-3737 Fax: 715-425-3939

								
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