{"id":1750,"date":"2021-01-29T10:22:24","date_gmt":"2021-01-29T10:22:24","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=1750"},"modified":"2021-01-29T10:22:27","modified_gmt":"2021-01-29T10:22:27","slug":"transfer-of-ownership-of-trademark-through-trademark-assignment","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/","title":{"rendered":"Transfer of Ownership of Trademark through Trademark Assignment"},"content":{"rendered":"\n<p class=\"has-drop-cap\">A trademark is a mark which identifies and differentiates a product or service from those of the other. A Trademark is an intellectual property in which the owner of the trademark has a right to transfer his rights in trademark to the other. Once the <strong><a href=\"https:\/\/swaritadvisors.com\/trademark-registration\" class=\"text-primary\">Trademark registration<\/a><\/strong> is done, every owner of the trademark can transfer his rights in respect to his mark by way of trademark assignment or trademark licensing in accordance with the procedure prescribed under the <strong><em>Indian Trademark Act, 1999<\/em><\/strong>.&nbsp; The transfer can be temporary through licensing or permanent through the assignment. In this article, we will discuss about the transfer of ownership of Trademark through Trademark assignment. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a559e14b4f19\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a559e14b4f19\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#What_is_Trademark_Assignment\" title=\"What is Trademark Assignment?\">What is Trademark Assignment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#Conditions_required_to_be_fulfilled_for_Trademark_Assignment\" title=\"Conditions required to be fulfilled\nfor Trademark Assignment \">Conditions required to be fulfilled\nfor Trademark Assignment <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#Complete_and_Partial_Trademark_Assignment\" title=\"Complete and Partial Trademark\nAssignment\">Complete and Partial Trademark\nAssignment<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#Complete_Transfer\" title=\"Complete Transfer\">Complete Transfer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#Partial_Assignment\" title=\"Partial Assignment\">Partial Assignment<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#What_is_the_procedure_to_transfer_the_ownership_of_Trademark_through_trademark_assignment\" title=\"What is the procedure to transfer the ownership of Trademark through trademark assignment?\">What is the procedure to transfer the ownership of Trademark through trademark assignment?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#Application_for_Trademark_Assignment\" title=\"Application for Trademark Assignment \">Application for Trademark Assignment <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#File_Form_TM-_P\" title=\"File Form TM- P \">File Form TM- P <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#Documents_Submission\" title=\"Documents Submission\">Documents Submission<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#Processing_of_Application\" title=\"Processing of Application\">Processing of Application<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#Advertising_the_Assignment\" title=\"Advertising the Assignment\">Advertising the Assignment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#Assignment_of_Approval\" title=\"Assignment of Approval \">Assignment of Approval <\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#What_are_the_documents_required_for_Trademark_Assignment\" title=\"What are the documents required\nfor Trademark Assignment?\">What are the documents required\nfor Trademark Assignment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#What_are_the_benefits_of_Trademark_Assignment\" title=\"What are the benefits of\nTrademark Assignment?\">What are the benefits of\nTrademark Assignment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/blog\/transfer-of-ownership-of-trademark-through-trademark-assignment\/#Conclusion\" title=\"Conclusion \">Conclusion <\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Trademark_Assignment\"><\/span>What is Trademark Assignment?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to <strong><em>Section 37<\/em><\/strong> of the Indian Trademark Act, 1999 \u201cTrademark assignment is the transfer of an owner\u2019s rights, title and interest in a trademark or brand mark. In a case where the trademark is registered, the assignment is required to be recorded in the trademark register\u201d. <\/p>\n\n\n\n<p>A trademark assignment is a process through which the ownership rights are transferred by the owner of the trademark to the other person. It is a document signed by the original owner also known as assignor, transferring his ownership of trademark to a new owner also known as the assignee. Generally, only the assignor is required to sign the trademark assignment. It is only after the execution of an agreement, the Trademark assignment is made. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conditions_required_to_be_fulfilled_for_Trademark_Assignment\"><\/span>Conditions required to be fulfilled\nfor Trademark Assignment <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Certain conditions required to be fulfilled for trademark Assignment in India are as follows:<\/p>\n\n\n\n<ul><li>The Trademark assignment must be done in\nwriting. <\/li><li>The owner of the trademark must have the\nintention and consent for trademark assignment. <\/li><li>Two identifying parties must exist, that is: &#8211;\nassignor and the assignee. <\/li><li>Valid documents must be submitted by the\nassignor and assignee. <\/li><li>There must be valid execution of trademark\nassignment agreement. <\/li><li>There must be proper identification of the mark,\nproper consideration including the transfer of trademark in goodwill. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Complete_and_Partial_Trademark_Assignment\"><\/span>Complete and Partial Trademark\nAssignment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The transfer of ownership of trademark through trademark assignment can be done in the following ways:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Complete_Transfer\"><\/span>Complete Transfer<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The transfer of\nfull ownership is made under the complete trademark assignment. That is, all\nthe rights are transferred by the assignor to the assignee, allowing the\nassignee to share, process and use the mark in whichever and whatever way he\nwants and protect itself from doing any trademark infringement. Once the\ntrademark is assigned completely, the assignor holds no control over the logo,\nbrand or anything related to it. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Partial_Assignment\"><\/span>Partial Assignment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The partial trademark assignment is under which the transfer of trademark rights are restricted to specific services or products. It is beneficial for those who do not want to lose complete control over the trademark rights. It allows the assignor to share his rights with the assignee by adding terms and conditions that limit the assignee\u2019s control to some products. The assignee is allowed to use the trademark rights for only those things that are allowed or permitted by the assignor. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_procedure_to_transfer_the_ownership_of_Trademark_through_trademark_assignment\"><\/span>What is the procedure to transfer the ownership of Trademark through trademark assignment?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The application for Trademark assignment can be made by following the below-mentioned steps:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/01\/19_04-Converted-Swarit.png\" alt=\"Procedure to transfer ownership of trademark\" class=\"wp-image-1752\" width=\"1071\" height=\"257\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/01\/19_04-Converted-Swarit.png 1000w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/01\/19_04-Converted-Swarit-300x72.png 300w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/01\/19_04-Converted-Swarit-768x185.png 768w\" sizes=\"(max-width: 1071px) 100vw, 1071px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Application_for_Trademark_Assignment\"><\/span>Application for Trademark Assignment <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The first is\nthat the assignor or the assignee is required to make an application for the\ntrademark assignment. Both the assignor and the assignee can jointly make a\nrequest. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"File_Form_TM-_P\"><\/span>File Form TM- P <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The applicant is\nrequired to file a Form TM- P along with all the required details for the\ntransfer. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Submission\"><\/span>Documents Submission<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The next step is\nthat the applicant is required to submit all the necessary documents for\ntrademark assignment to the registrar of trademark, once the Form TM- P is\nfiled. The documents must be submitted within <strong><em>6 months<\/em><\/strong> from the date of\nthe acquisition of the proprietorship. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Processing_of_Application\"><\/span>Processing of Application<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The application\nshall be processed once it is successfully submitted along with the necessary\ndocuments. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Advertising_the_Assignment\"><\/span>Advertising the Assignment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once the application\nis specified, the applicant is required to make an advertisement for the\nassignment in such a manner as directed by the Registrar. The applicant has to\nsubmit the copy of the direction of the registrar and advertisement of the\nassignment in the office of the registrar. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Assignment_of_Approval\"><\/span>Assignment of Approval <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Registrar shall verify the application once the trademark assignment application is received. After the proper verification has taken place if the registrar is satisfied he shall approve the application. The assignee will be registered as the proprietor of the trademark by the Registrar. Further the registrar will enter the details of the assignment in the register. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_documents_required_for_Trademark_Assignment\"><\/span>What are the documents required\nfor Trademark Assignment?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Trademark Assignment Agreement. <\/li><li>Power of Attorney. <\/li><li>Certificate of Trademark. <\/li><li>Assignor and assignee identified documents. <\/li><li>No Objection Certificate from the owner. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_benefits_of_Trademark_Assignment\"><\/span>What are the benefits of\nTrademark Assignment?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Some of the benefits of Trademark Assignment are:<\/p>\n\n\n\n<ul><li>The transfer of ownership of trademark through trademark assignment helps in the expansion of business and in keeping the brand alive. <\/li><li>It assignee gets the benefit of not working much on brand building. <\/li><li>The Trademark assignment secures the rights of the assignor and the assignee as it is a valid proof and has legal standing in the court of law. <\/li><li>It monetizes the value of the trademark in consideration to the time take for creating a brand. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Transfer of ownership of trademark through trademark assignment needs to be done in accordance with the rules and procedure prescribed under the <strong>Trademarks Act, 1999<sup><a href=\"https:\/\/ipindia.gov.in\/acts-rules-tm.htm\" class=\"text-primary\"><strong><em>[1]<\/em><\/strong><\/a><\/sup><\/strong>. Trademark assignment provides a lot of opportunities for the assignor and the assignee to get access to the brand and earn royalty from it. Trademark assignment helps to keep the brand alive and it is upon the owner to decide whether he wishes to transfer the ownership rights either completely or partially to the assignee. Transfer of ownership of trademark through trademark assignment is the most effective method of transferring under intellectual property rights and it helps the trademark owner to preserve the brand and the goodwill.<\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/different-types-of-trademark-symbols\/\">What are the Different Trademark Symbols?<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A trademark is a mark which identifies and differentiates a product or service from those of the other. A Trademark is an intellectual property in which the owner of the trademark has a right to transfer his rights in trademark to the other. Once the Trademark registration is done, every owner of the trademark can [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[72],"tags":[303],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/1750"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=1750"}],"version-history":[{"count":6,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/1750\/revisions"}],"predecessor-version":[{"id":1759,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/1750\/revisions\/1759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/1751"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=1750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=1750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=1750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}