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How do I license my brand?

Step 1: Protect Your Intellectual Property. Protecting your intellectual property is one of the most important factors behind licensing your brand. Step 2: Do Your Research. Licensing your brand isn't a one-and-done process. Step 3: Set Terms and Restrictions.

What is an example of brand licensing?

Licensing means nothing more than the renting or leasing of an intangible asset. An example of intangible assets includes a song (Somewhere Over The Rainbow), a character (Donald Duck), a name (Michael Jordan) or a brand (The Ritz-Carlton). An arrangement to license a brand requires a licensing agreement.

What is an example of a licensed brand?

Licensing means nothing more than the renting or leasing of an intangible asset. An example of intangible assets includes a song (Somewhere Over The Rainbow), a character (Donald Duck), a name (Michael Jordan) or a brand (The Ritz-Carlton). An arrangement to license a brand requires a licensing agreement.

What is an example of licensing?

Examples of licenses include a company using the design of a popular character, e.g. Mickey Mouse, on their products. Another example would be a clothing manufacturer like Life is Good licensing its designs and brand in a certain country to a local company.

How do you license a brand?

Step 1: Protect Your Intellectual Property. Protecting your intellectual property is one of the most important factors behind licensing your brand. Step 2: Do Your Research. Licensing your brand isn't a one-and-done process. Step 3: Set Terms and Restrictions.

How much does it cost to license a brand?

You may be able to obtain state trademark registration for $$100200. Federal trademark registration extends your protection nationwide and offers other important advantages, but it typically costs more: $$275375 for each class of goods and services that you want to protect.

How do I get a license to sell name brand clothes?

You must obtain permission from the trademark owner to sell their goods. Your business may also need to obtain a resale license, which allows you to purchase the clothing from the clothing distributor free from sales tax. Your business must then collect the sales tax when you resell the clothing.

How do I get a license to sell clothes?

Choose Your Business Entity. File the Appropriate Papers for Your Business Entity. Register with Your City (if required) Obtain Federal and State Employer Identification Numbers. Obtain A Permit to Sell Goods and Collect Tax. Obtain A Garment/Apparel Registration Certificate. Other Requirements.

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