All rights relating to the trademark are assigned to the third party, including rights of onward transfer, to earn royalties, to grant licenses, etc. The trademark is often used both in relation to a trademark and a service mark. The difference lies in the fact that trademarks are used to identify goods and merchandise, and service marks are used for services provided by a company, for example. B those sold or supplied by a seller. Therefore, Chile is a service mark because the restaurant serves food, but a Bloomin`Onion is a trademark because it is a special good. You need a template for a brand assignment agreement that will help you with any transfer of ownership. This normally happens when a business is bought or sold, or when a business sells one of its products to another person, organization or business entity. There are some very important consequences that are related to the negligence of formalizing the sale of this agreement. Without the trademark assignment agreement, there is no paper trail or clear legal registration of the current trademark owner. Since these are extremely valuable assets, they should be protected. Learn more about whether you should register your trademark from the USPTO Basic Facts about Trademark. If the trademark is registered nationwide, you can track the USPTO`s attributions on their Trademark Query website.
Do your homework and check with the USPTO and in all 50 countries whether the assignor actually owns the registered trademark or not and has the right to sell the trademark. Due Diligence can save you time and money later. The document must be signed by both the Asssignor and the Assignee. Trademarks identify goods or goods, while service marks identify the services provided. Remember that registering a trade name is not the same as registering a trademark. A trademark assignment contract template allows you to easily create your legal document. It contains the date on which the transfer of the trademark is effective, the date on which ownership is officially transferred to the new owner. . . .