This document can be used to transfer the ownership of an existing trademark. The paper contains all the information needed to record the assignment with the United States Patent Office.
When one person owns a registered trademark and wants to transfer the ownership of that trademark to another person, this Trademark Assignment can be used. All Trademark Assignments should be in a written form, as it is a legal document.
With Trademark Assignments, it is easy to transfer the mark. The paper contains all the information needed to record the assignment with the United States Patent Office (USPTO). It is required to transfer registered trademarks with the USPTO.
The document differs from the Licensing Agreement because here, the full mark is being transferred to a new party. Meanwhile, in a Licensing Agreement, the mark is still owned by the original owner, but the other party pays royalties for permission to use it.
Note that the document differs from the Intellectual Property Release as well. Though it is also possible to use this document for a trademark, typically, it is used for copyrighted materials, for example, pieces of music or arts. This way, there is no payment, and the copyrighted works are "released" or given to another party.
The document is also different from an Intellectual Property Permission Letter. In the letter, one party is requesting permission to use the intellectual property of another. A Licensing Agreement, an Intellectual Property Release, and a Trademark Assignment can be done with the Intellectual Property Permission Letter, but it is not a legal document.
You fill out a form. The document is created before your eyes as you respond to the questions.
At the end, you receive it in Word and PDF formats. You can modify it and reuse it.
This document can be used to transfer the ownership of an existing trademark. In order to use the document, both parties should understand that the trademark will be assigned entirely. To be more precise, this document is not a license, and no royalties will be paid after the assignment.
The document contains all the information about the mark being transferred. It will also have details needed for recordation with the USPTO. Both parties can fill the document.
A completed document should be signed and executed in front of a notary. Then the parties should record the Trademark Assignment with the United States Patent and Trademark Office.
In the US, a federal statute called the Lanham Act governs the Trademark Assignments.