Trademark Assignment

Trademark can be easily assigned to another person. Authorized person needs to shift the ownership of the Trademark. When a trademark is assigned, there is a change in the ownership of the registered brand. But when it’s licensed, the rights in the trademark continue to vest with the original owner but only a few restricted rights are given to the third party. Trademark rights are transferable through assignment agreements. When a trademark is assigned by an owner to another party, its ownership is conferred upon the other party, either completely or for a limited number of products or services.