CHECKLIST DRAFTING MERCHANDISING LICENSE AGREEMENTS box3 Identification of Parties • Names • Addresses box3 Definition of Property box3 Definition of Licensed Products • Fragmentation issues if exclusive box3 License Grant • Exclusive vs. non-exclusive • Definition of territory • Reservation of rights • Entertainment and merchandising rights • Sublicensing box3 Term of Agreement • Options to renew • Effect of commercialization of property box3 Compensation • Royalty income • Sublicensing income division • Royalty period defined • Net sales defined • Royalty statements • Advance • Guaranteed min
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