The term trademark assignment is defined under section 37 of the Trademark Act, 1999. As per the definition, the trademark assignment means transferring the owner’s right, interest, and title in a trademark and a brand mark.
In simple words, the process of transferring the right and ownership of the trademark to any other person is known as a trademark assignment.
Some of the advantages of the trademark assignment (concerning both the owner and the buyer) are listed hereunder-
Trademark Assignment is the action or process of transferring ownership and rights with/without the reputation related with a trademark to another entity partially or wholly by the original owner of the trademark, with or without some specified restrictions. The trademark assignment is made by way of a trademark assignment agreement, while the licensing is done by means of a license agreement.
A company owning a trademark, can transfer its rights related with the trademark to another entity by mean of the following two most popular arrangements: Trademark Assignment or Trademark Licensing.
With our experienced and skilled personnel, We at UpriseLegal makes process of trademark assignment very smooth and helps you in each and every step at a very affordable prices. You don’t have to worry on trademark assignment as UpriseLegal is there to provide all the assistance that you need. Let expert lawyers do the job for you. We follow law to the core and uses our knowledge to avoid any hassles in your business so that you can rise and grow! You may get in touch with our compliance manager on 9173512402 or email us at [email protected] for free consultation.