Enquire Now

Trademark assignment has been defined under Sections 37-39 of the Trademark Act, 1999 In short a Trademark is assigned by an owner to another party, its ownership is conferred upon the other party, either completely (with goodwill) or for a limited number of products or services (without goodwill).

Documents Required

TM Certificate Details of the Party No Objection Certificate
Certificate of Trademark Registration (if any) Name and description of the assignor and assignee. No Objection Certificate from the original owner of the registered trademark.

 

Advantages of Trademark Assignment

 

  • Value of Trademark
  • Assignment Agreement is Valid Proof
  • Pre-Established Brand Name
  • Expansion of Business

 

Types of Assignment

 

Complete Assignment

All the rights vested in the trademark are assigned to the third party, including the rights to further transfer, to earn royalties, to license, etc.

Assignment limited to only some goods/ services

In this assignment, the transfer of ownership is restricted only to certain products/services as decided in the Trademark Assignment Agreement.

Assignment with Goodwill

In this case, the value and the rights attached to the trademark are also transferred. This makes new owner of the trademark eligible to use the assigned brand name with respect to the products and services already sold under the brand name. Also, it grants permission to use the acquired trademark for any new venture or product the new owner creates or manufactures.

Assignment without Goodwill

In this case, the brand owner restricts the rights of the assignee, limiting user rights of the new assignee and prohibiting him/her from using the brand name for the products already in use by the assignor. Thus, the goodwill attached to such brand with respect to the product already being sold under such brand is not transferred to the buyer.

 

© 2019 Secure Word Solution. All Rights Reserved