Can I license my trademark to another company?

Yes, you can license your trademark to another company. Trademark law in Indiana allows trademark owners to license their trademark to another company to enable them to market and sell products or services under the trademark. A trademark license agreement defines the responsibilities of both the trademark owner and the licensee. It typically outlines the allowed use of the trademark, the scope of the license, and terms of payment, among other details. When licensing a trademark, the trademark owner should take certain steps to protect their rights. The trademark owner should ensure that the license agreement include provisions that outline the licensee’s obligations including accurate display of the trademark and the payment of reasonable royalties. The trademark owner should also register the trademark license agreement with the Indiana Secretary of State. This will give notice to others that the trademark is licensed and provide evidence of the trademark’s use. When a trademark is licensed, the trademark owner should keep detailed records of the licensee’s activities to ensure that the licensee is complying with the terms of the license agreement, and to prevent others from infringing on the trademark. It is also important to keep the trademark registration active with the US Patent and Trademark Office by filing an Affidavit of Use. This will ensure that the trademark is enforceable and that your rights to the trademark are preserved.

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