![]() ![]() Business Names and or Logos - All types.Other rates may be negotiated for different types of licenses or the fee may be waived if it is in the best interests of the University. Licensees must indemnify and hold harmless Texas Tech University, its Regents, officers, employees, and agents for any liability attributable to any of the licensee's products bearing the trademarks of the University.Ī 16% royalty fee is required. Download and complete the licensee applicationĮach licensee pays an annual advance on royalties from $200 to $600 depending on product.Fill out the short online form and submit.Log on to the Collegiate Licensing Company website ().Sample Production & Approval Costs (the cost of producing samples and obtaining approvals, which occurs online, so you must have an Internet connection).Product Development Costs (design, development, obtaining digital artwork ($50 - $500), etc.).Marketing Costs (trade shows, catalogs, web sites, etc.).Cost of Obtaining $1,000,000 in Product Liability Insurance ($100's - $1,000's, depending on the product).Advance Royalty Fees ($200 - $600, varies by product).Annual Administrative Fees ($0 first year).The basic requirements for licensing include completing the licensing application, providing proof of product liability insurance (minimum $1,000,000), signing a license agreement, paying the applicable advance fees, obtaining product and design approval from the University through CLC, and reporting royalties on the sale of Texas Tech merchandise. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |