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Agreement to License Business Trade Name
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Agreement to License Business Trade Name Powered By Docstoc
					                      Agreement to License Business Trade Name

THIS AGREEMENT made as of (date), by and between (Name of Licensor), a (insert
state of incorporation) corporation having its principal place of business at (street
address, city, state, zip code), hereinafter called Licensor, and (Name of Licensee), a
(insert state of incorporation) corporation having its principal place of business at (street
address, city, state, zip code), hereinafter called Licensee;

WHEREAS for many years, Licensor has used (Name of Mark), hereinafter called the
Mark, as a trade name, such use as a trade name having commenced at least as early
as (date), such use having been continuous and extensive down to the present time
throughout the United States;
WHEREAS, over the years since at least as early as (date), public recognition, favorable
reputation and goodwill have been associated with and embodied in the Mark,
principally in connection with Licensor’s business of (describe type of business) which
business has been conducted under the Mark throughout the United States;
NOW, THEREFORE, in consideration of the mutual covenants and promises herein
provided, the parties hereto agree as follows:
1.     Grant of Rights. Licensor grants to Licensee the nonexclusive right to use the
Mark as a trade name in connection with goods or services, including but not limited to
(describe type of business).
2.     Compensation. In consideration of the rights granted to Licensee under
Paragraph 1 of this Agreement, Licensee agrees to pay to Licensor for so long as this
Agreement shall remain in effect, a royalty of $____________ per month. Such
payments shall be made on or before the 15th day of each month beginning on the 15th
day of (month and year).




                                             -1-
3.     Quality Control
       A.     Licensee recognizes that Licensor has built up a reputation as a provider
       of the highest quality (Goods or Services) and that Licensor’s reputation and
       goodwill associated with the Mark extend throughout the United States. Licensee
       also recognizes that Licensor is so well known throughout the United States by its
       trade name to purchasers of its (Goods and users of its Services) that any
       business using the Mark, is likely to be thought to be associated with or
       sponsored by Licensor. The foregoing factors are understood to require Licensee
       to conduct its business activities using the Mark so as to maintain the high
       standards of quality that the purchasing public has come to expect over the years
       and not to damage the reputation for quality and the public recognition thereof
       that has been established in the Mark.

       B.      The parties recognize that Licensee, by virtue of its relationship to
       Licensor, has an interest equal to that of Licensor in protecting and fostering the
       good reputation and public perception of high quality associated with the Mark;
       accordingly, Licensee will conduct and direct its business in the use of the Mark
       as to maintain said good reputation and the public perception of high quality
       associated with the Mark. The parties recognize that the burden of control of the
       nature and quality of its goods, services and business operations with respect to
       which the Mark is used must fall on Licensee because of the impracticality of
       Licensor establishing and maintaining control of the nature and quality of the
       (Goods or Services), and Licensee agrees to assume that burden and to carry it
       out in such a manner as to prevent the Mark from being used on or in connection
       with goods, services or business activities of such a nature or quality as could
       damage the reputation and goodwill associated with the Mark.

       C.     Licensee accepts the obligations set forth in this Paragraph 3 to maintain
       proper control of the nature and quality of (Goods or Services) sold or rendered
       and the business carried on by itself and/or its subsidiaries under or associated
       with the Mark; failure of Licensee to fulfill
				
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Description: This form might be used to grant a license in a trade name from one company to another.
PARTNER William Glover
I received my B.B.A. from the University of Mississippi in 1973 and my J.D. from the University of Mississippi School of Law in 1976. I joined the firm of Wells Marble & Hurst in May 1976 as an Associate and became a Partner in 1979. While at Wells, I supervised all major real estate commercial loan transactions as well as major employment law cases. My practice also involved estate administration and general commercial law. I joined the faculty of Belhaven College, in Jackson, MS, in 1996 as Assistant Professor of Business Administration and College Attorney. While at Belhaven I taught Business Law and Business Ethics in the BBA and MBA programs; Judicial Process and Constitutional Law History for Political Science Department); and Sports Law for the Department of Sports Administration. I am now on the staff of US Legal Forms, Inc., and drafts forms, legal digests, and legal summaries. I am a LTC and was Staff Judge Advocate for the Mississippi State Guard from 2004-2008. I now serve as the Commanding Officer of the 220th MP BN at Camp McCain near Grenada, MS. I served on active duty during Hurricanes Dennis (July, 2005), Katrina (August, 2005) and Gustav in 2008. I played football at the University of Mississippi in 1969-1971 under Coach John Vaught. I am the author of the Sports Law Book (For Coaches and Administrators) and the Sports Law Handbook for Coaches and Administrators (with Legal Forms),