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The assignor relinquishes all rights and interests in the trademark, while the assignee becomes the new owner. Trademark Licensing: Trademark licensing allows a third party (licensee) to use the trademark under specified terms and conditions set by the trademark owner (licensor).
The key difference between a license and an assignment is that an assignment transfers rights away from the original copyright or patent holder. Whereas the licensor retains ownership of the intellectual property rights, the assignor gives up the rights entirely.
The Trademark Assignment Should Be in Writing Although an assignment need not be in writing to be effective, it's strongly recommended that it be in the form of a written document signed by both the assignor and the assignee.
In particular, a licensee's rights are generally not assignable unless the license agreement expressly permits assignment or the licensor otherwise consents. on its PLC Intellectual Property & Technology web services at .
As mentioned above, licensing agreements are legal contracts that are written between a licensor and a licensee. Making sure there's one in place provides certain advantages to both parties but there are also some key downfalls, too.
A transferable license versus a non-transferable license: A transferable license allows the licensee to transfer their rights to use the licensed material to another party while a non-transferable license prohibits the licensee from doing so.
A trademark license (which is different than a trademark assignment) is basically an agreement in which a trademark owner (the ?licensor?) permits someone else (?the ?licensee?) to use the licensor's trademark in connection with specific products or services.
Assign or license means to transfer clearly in writing a patent or copyright or patent interest to a person who is not the original holder of the copyright or patent or copyright interest where, absent the assignment or license, the assignee or licensee would be prohibited from making any use of the copyright or patent ...