8 - What are the basic terms of a Harvard trademark license?

The basic terms of a trademark license require the payment of royalties for Harvard items sold either on a wholesale or retail basis, the payment of an advance royalty and an annual administration fee, the submission of artwork for review and approval prior to production, the submission of product samples, and the maintenance of commercial general liability insurance and membership in the Fair Labor Association. The license also identifies the trademarks that may be used on the licensed products and stipulates the manner in which they may be used. For more detailed information regarding Harvard’s trademark license requirements, please click here.