In the same way that any other asset may be sold, licensed or transferred, trademarks are intellectual properties owned by their owners. Any such transfers will be handled through trademark assignments and licensing agreements.
Ownership of a trademark can vary when it is assigned. In contrast, when a trademark is licensed, only a few qualified rights are given to the third party. When such a transfer is made of a trademark, it must be recorded in the trademark register.
Requirements for assigning trademark-
- Certificate of Trademark Registration (if any).
- The assignor and assignee’s name and description.
- No Objection Certificate (NOC) from the original owner of the registered trademark.