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Every owner of a trademark has the legal right to sell, transfer, license, or otherwise dispose of its brand or trademark.
A trademark assignment is a procedure of shifting the right and ownership of a trademark to another entity. A brand or trademark owner might transfer his or her rights by assignment or license to another company. The Trade Marks Act, 1999 of India governs trademark assignment and licensing.
The trademark is assigned when the owner's right, title, values, and interest in the trademark are transferred. A trademark assignment agreement can be used to transfer a trademark. A trademark assignment is a written document that aids in the transfer of words, phrases, logos, symbols, monograms, or designs from the original owner to the one he wants to transfer.
Credence Corporate Solutions helps you with trademark assignment procedures.
A trademark assignment is the transfer of the owner's title, right, value, and interest in the trademark to another owner. A trademark assignment is defined as a written deal made by the parties involved.
Section 37 of the Trademark Act of 1999 defines trademark assignment as an assignment of the owner's right and title to another entity. The provisions covering trademark assignment and transmission are included in sections 37 to 45 of the Trademarks Act, 1999, as well as rules 68 to 79 of the rules of the trademarks.
The original owner of the trademark is referred to as "the assignor," while the one to whom it has been transferred is referred to as "the assignee."
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