What are the responsibilities of a licensor?

What are the responsibilities of a licensor?

The Licensor: will provide reasonable on-going assistance to Licensee with regard to technical, administrative and service-oriented issues relating to the utilization, encoding, transmission and maintenance of the Licensor Content, as Licensee may reasonably request.

What are the rights of licensor and licensee?

What is a Licensing Agreement? A licensing agreement is a contract between two parties (the licensor and licensee) in which the licensor grants the licensee the right to use the brand name, trademark, patented technology, or ability to produce and sell goods owned by the licensor.

What is a licensor law?

The licensee is the party receiving a license, while the licensor is the licensor is the licensor. For example, if a bar owner obtains a liquor license from the state in which he operates his business, the owner is the licensee and the government that issued the license is the licensor.

Are licensing agreements legal in Canada?

In Canada, licence agreements may limit rights that otherwise would apply under the application of the Canadian copyright law and principle of fair dealing. If an agreement does not discuss fair dealing or expressly acknowledge it, then it will apply. However, the agreement may restrict fair dealing.

What is the difference between a licensee and licensor?

The business relationship is between the licensor (the one who owns the trademarks) and licensee (the one who is granted rights to use them). To use the registered trademarks of another brand, the licensee pays the licensor an agreed-upon royalty fee.

What does licensee mean in business?

A licensee is any business, organization, or individual that has been granted legal permission by another entity to engage in an activity. The permission, or license, can be given on an express or implied basis.

What is the most important step in licensing for a licensor?

One of the most important elements of a licensing agreement covers the financial arrangement. Payments from the licensee to the licensor usually take the form of guaranteed minimum payments and royalties on sales.

What is the main risk of being a licensee?

What is the main risk of being a licensee? Signing the licensing agreement.

What is a licensee Canada?

A licensee is generally estopped from contesting the validity of a licensor’s intellectual property rights during the subsistence of the licence agreement, whether by the express terms of the contract or by implication from the licensor-licensee relationship.

What is a primary benefit of a licensing agreement for the licensor?

The advantages of licensing agreement include increasing market share, lowering capital requirements, increasing the return on investment, and decreasing financial and legal risks.

What are the benefits of being a licensor?

Some of the advantages of licensing include the following.

• Income without overhead.
• Potentially better marketing.
• Enter foreign markets more easily.
• Diffuse conflicts.
• Risk of IP theft.
• No guarantee of revenue.
• Unintended competition.
• Risk of diminished reputation.

What are licensee rights?

Licensee Rights means all permissions of any kind whatsoever, whether or not registered or in writing, granted or to be granted to the Pledgor by any person and entitling the Pledgor to use any intellectual property or related right owned by (or licensed to) that person in the course of the Pledgor’s business, whether …

What is the difference between tenant and licensee?

A lessee has a right to protect the possession in his own right. Whereas, a licencee cannot defend his possession in his own name as he does not have any proprietary right in the property. 8.

What is the difference between licensor and licensee?

The licensee is the party that receives a license, while the licensor is the party that grants the license. For instance, when a bar owner gets a liquor license from the state where he operates his business, the owner is the licensee and the government that issued the license is the licensor.

Who is licensor in rent agreement?

Licensor is the person who grants the Licence and a Licensee is the person who pays for the Licence and enjoys the rights. Licences must not be confused with leases or rental agreements as they are each different in their own aspects.

What is the main risk of being a licensor?

What is the main risk of being a licensor? Loss of control over the marketing process.