TM Assignment is a transfer of ownership of the trademark to one party to another. A mark may be assigned or transferred to another entity in the following way.
- Completes Assignment to another entity
- Assignment to another entity but with respect to only some of the services
- Assignment with and without goodwill
A trademark assignment is a transfer of an owner’s rights, title, and interest in a trademark.
The transferring party transfers to the receiving party. It’s property rights in the mark.
The Current Owner is known as the “Assignor”, and the future owner is known as “Assignee”.
Trademark Assignment is a legal way of transferring ownership or a trademark when needed.
This issue comes when a product or company is being sold or purchased by another person or organization.