Can I license my trademark to another company?

Yes, you can license your trademark to another company in California. Under the Lanham Act, a trademark is considered to be property that can be licensed and assigned to another entity for certain rights. This process is called trademark licensing. When licensing a trademark, the licensor—the owner of the trademark—grants the licensee—the third party receiving the license—the rights to use the trademark in exchange for a fee. Licensing allows the trademark owner to keep the rights to the trademark while allowing the licensee to use the trademark in the manner specified in the contract. In order to protect the licensor’s rights, the licensee must sign a contract that outlines the terms of the agreement. This contract must include information such as the duration of the license, royalties, and any restrictions on the licensee’s use of the trademark. The licensee is also responsible for policing the trademark, taking action against any company infringing on the trademark. If a licensee fails to adequately protect the trademark, the licensor can take action against them and terminate the licensing agreement. Ultimately, licensing a trademark can be a beneficial way for companies to monetize the trademark and protect their rights. The process of trademark licensing is a complex process, and it is important for both parties to understand the terms of the contract before signing it.

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