Overview
A trademark is a valuable intangible asset of a business. Like physical property, it can be transferred from one person or company to another through a legal process called trademark assignment. Assignment means transferring the ownership rights of a registered or applied-for trademark to another individual or entity. This transfer can be done with or without the goodwill of the business associated with the trademark.
Trademark assignment allows brand owners to monetise their intellectual property by selling or licensing it to others. It is commonly used during mergers, acquisitions, franchising or business restructuring. A proper written agreement is signed between the assignor (current owner) and the assignee (new owner) which is then submitted to the Intellectual Property India for approval and record.
Under the Trade Marks Act, 1999, a trademark can be assigned either completely (transfer of all rights) or partially (transfer of rights for specific goods or services or geographical area). This ensures clarity of ownership and prevents future disputes over brand usage. Once the assignment is recorded, the assignee becomes the new legal owner of the trademark.
BizGlobal provides complete support in the trademark assignment process. We draft and review assignment deeds, file the required forms, and coordinate with the trademark registry to ensure smooth transfer of ownership. With our expert assistance, you can safely transfer or acquire trademark rights without legal complications or delays.
