Trademark assignment is a legal written document executed between the assignor and assignee. Trademark Assignment in India acts as the portion of the transfer of ownership of rights, title, and interest from one party to another, it can be recognized by word, phrase, and symbol or design or trademark related to the business.
Checklist of Trademark Assignment Agreement
A simple Trademark Assignment Agreement will key out the following basic checklist:
Trademark: – That describes the legally distinguished word, phrase or symbol or design including the official trademark number if the trademark has been filed in the U.S. Patent and Trademark Office.
Effective Date – When the recognized trademark is formally transferred to the mark owner.
Consideration- Fee payment is paid for the mark
Assignor- the current owner who is owning the trademark
Assignee – the future owner who is giving money to get or to own the trademark
Warranties- the assignor assures that the Assignor is the true present owner and have the power to transfer the ownership and own the power or right to transfer the trademark
Signatures- that states that the assignor and the assignee must come to a contract or an agreement
Notary Public- The agreement or the contract must be notarized in case the assignee expects to register the trademark outside the country.
Remember that registering a trade name is not the same as registering a trademark.
Kinds of Trademark Assignment Agreement