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Trademark Assignment

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Trademark Assignment

 

MEANING OF TRADEMARK ASSIGNMENT?

Like any other asset, the trademark can also be transferred to another person for commercial purposes. The process of assigning the trademark’s ownership title either partially or fully to a person on consideration is known as an assignment of the trademark. A contract will be created in the form of the deed by the assignor and assignee for the purpose of conducting Trademark Assignment and the assignee must apply to the registrar of trademarks within 6 months from the date of assignment.

eStartIndia provides best professionals who would help you in drafting an effective trademark assignment agreement or applying to the registrar for licensing that would broaden the scope of your business interests. We offer assistance to various services like trademark registration, trademark objection, trademark assignmenttrademark renewal, trademark opposition, and trademark rectification.

eStartIndia will help you with all Trademark registration and other connected services from the comfort of your home by offering you services that are specialized and tailored as per your requirement.

Get a free Consultation for Trademark assignment with Our Top Rated Experts with a simple registration.

 

TYPES OF TRADEMARK ASSIGNMENTS

  1. COMPLETE ASSIGNMENT: Under this assignment, the complete ownership of the trademark will be transferred to the assignee and no further rights of ownership shall vest with the assignor.

  2. SPECIFIC ASSIGNMENT: When only special rights to use the trademark is made available in the agreement then such assignment is known as a specific assignment.

  3. ASSIGNMENT WITH GOODWILL: The transfer of the rights will also include the transfer of goodwill. The computation of the goodwill amount will be done separately in the agreement.

  4. ASSIGNMENT WITHOUT GOODWILL: Sometimes only the ownership or rights alone will be transferred and the goodwill remains with the assignor. They are also known as gross agreement.
     

ADVANTAGES OF ASSIGNMENT

  • USE WELL KNOWN BRAND NAME: The assignee will have the advantage of entering a market with an already existing and established brand name that negates the risk of being a fresher in the market.
  • ADDS VALUE: The assignee can add value to its products by acquiring a well-known brand name through the process of assignment.
  • ACTS AS EVIDENCE: An agreement made is always a valid proof when a dispute arises. Therefore assignment helps in reducing risks of fraud.

 

DOCUMENTS REQUIRED

  1. IDENTITY PROOF OF BOTH PARTIES ( passport, driver’s license, voters ID, Aadhaar card or ration card)
  2. COPY OF ASSIGNMENT AGREEMENT
  3. FORM TM-P
  4. PAYMENT OF FEE

Registration Process

PROCEDURE FOR ASSIGNMENT OF TRADEMARK

    1. The parties must identify the type of assignment they wish to have, either with or without goodwill.
    2. With the help of a professional, they must draft an agreement expressing their terms and conditions.
    3. An application has to be made to registrar using TM-P form and other documents within 6 months from the date of formation of the agreement.
    4. The registrar shall advertise the application
    5. A copy of the direction of the registrar and advertisement of the assignment has to be submitted before the office of Trademark Registry to ensure that the directions have been followed accordingly or not.
    6. The registrar after scrutiny will enter the assignment in the register.

Step 1

RECEIVING OBJECTION NOTICE:

The trademark registry officials send examinations report after reviewing the application for objections. If you have applied for the Trademark Registration through eStartIndia then our agents will keep a continuous track on the status and inform you.

Step 2

DRAFTING REPLY:

Considering the reason for objection a reply has to be drafted in such a manner to defend the concerns of the examiner.

Step 3

FILING REPLY:

The drafted reply must be filed before the registrar within one month from the date of the notice of objection. A time-barred filing of reply will result in the abandonment of the application.

Step 4

HEARING:

After the reply is filed, the registrar may either accept the application directly when the reply itself was satisfactory or else the registrar may conduct a hearing to give a chance for the applicant to address the issues.

Step 5

APPEAL:

If the registrar rejects the application even after the hearing process, then the applicant is eligible to file an appeal before the Intellectual Property Appellate Board.

FAQs

The licensing of the assignment is voluntary. But it is advisable to get the trademark licensed as it has many merits to it and acts as valid proof to the assignment.

 

An application must be made to the registrar within 6 months from the date of making an agreement. But the extension of the time period is under the discretion of the registrar.

 

A person can just merely create an assignment agreement for the transfer of rights or get it licensed through registrar by applying for licensing. The latter one is more advisable as it creates a protective shield to the assignee.

 

A valid identity proof of both parties, a copy of the assignment agreement and a filled form TM-P of Trademarks Act 1999 must be produced along with fee payment.

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