Can I license my trademark to another company?

Yes, you can license your trademark to another company. Trademarks are legally protected symbols, words, or designs that identify a business or product. Licensing is a way for a trademark owner to give permission for another company to use their trademark for their own commercial purposes. In Washington, a trademark owner can obtain a trademark license agreement from the Washington Department of Licensing or a private lawyer. This agreement serves as a contract between the trademark licensor (the company granting the license) and the licensee (the company using the license). The agreement will outline the specific use of the trademark, the duration of the license, the fees that the licensee must pay, and any restrictions they must agree to. In some cases, the agreement may also include obligations that the licensee must follow to protect the trademark. These may include limits on how the trademark is used, prohibiting the licensee from changing the look of the trademark, and requiring the licensee to inform the licensor if their use of the trademark creates any legal issues. In Washington, trademark licensing is governed by the Washington Trademark Act. This law states that the licensor must have legitimate rights to the trademark they are licensing and that the licensee should use the trademark in accordance with the terms of the license agreement. The law also states that the licensor must take steps to protect the trademark and that the licensee must not make any false or misleading statements about the trademark or associated products.

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