Does assignment of a contract require consent?

Rule against assigning contractual obligations. Lawyers and people in business habitually refer to "assigning a contract" or "assigning obligations". However, the law is very clear that the burden of a contract cannot be assigned without the consent of the other party.

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Trademark Assignment and License Agreement Regarding Design Mark

Orange California Trademark Assignment and License Agreement Regarding Design Mark

Name: Orange California Trademark Assignment and License Agreement Regarding Design Mark
Brand: US Legal Forms
Rating: 4.61 (234 reviews)

Category:

Copyrights Patents and Trademarks - Assignments

State:

Multi-State

County:

Orange

Control #:

US-1015BG

Format:

Instant download

Description

A "trademark" is a word, design or combination used by an individual or a business to identify its goods or services. In some cases a trademark can also be a sensory mark--a sound, a color or a smell. Trademarks protect names used to identify goods (or services) and their source of origin. The law protects trademarks in part because trademarked items tend to carry with them certain quality assurances. You may use any kind of name or symbol as a trademark to identify your product. A license is a contractual right that gives someone permission to do a certain activity or to use certain property owned by someone else. Licensing agreement is an agreement between two enterprises allowing one to sell the other's property such as products or services and to use their name, sales literature, trademarks, copyrights, etc. in a limited manner. The stylized logo (also known as a design mark) is used to register words and/or letters having a particular stylized appearance, a mark consisting of a design element, or a combination of stylized wording and design. In other words, a design mark can protect a logo with or without words.

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FAQ

A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.

Rule against assigning contractual obligations. Lawyers and people in business habitually refer to "assigning a contract" or "assigning obligations". However, the law is very clear that the burden of a contract cannot be assigned without the consent of the other party.

For an IP assignment to be valid and enforceable, there must be a valid contract. For a contract to be effective, there must be an offer, acceptance, and proper consideration.

A licensing agreement is a legal contract between two parties, known as the licensor and the licensee. In a typical licensing agreement, the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use patented technology owned by the licensor.

The licensing agreement should explain what the licensee can do with the license. It should say whether the license is exclusive or not. It should also discuss whether the licensor gets to use the license or cedes all rights to the licensee.

The advantages of licensing agreement include increasing market share, lowering capital requirements, increasing the return on investment, and decreasing financial and legal risks.

Prepare a Trademark Assignment Agreement To be valid, the assignment must be signed by both parties. The parties should consult an attorney, specifically a trademark attorney, who can help draft an assignment that includes all the necessary information and language.

An assignment without consideration is valid when: there has been a delivery; the assignment is in writing; or. the assignment is by way of gift.

A trademark assignment is the transfer of an owner's property rights in a given mark or marks. Such transfers may occur on their own or as parts of larger asset sales or purchases. Trademark assignment agreements both provide records of ownership and transfer and protect the rights of all parties.

A trademark license agreement allows the licensee to use (but not own) the licensor's trademark in connection with agreed-on products or services. Licensing can help a company expand into new markets effectively and easily while lending the licensee an established name and reputation.

More info

Publications in the. "Intellectual Property for Business" series: 1.Intellectual property. Trademarks. Does the Evolution of a Design Mark Affect Your Trademark Rights? FIDO Alliance Trademark License Agreement Approved: June 17, 2014 v.3.1. The series differs from the Civil Engineering series in that it allows for the use of engineers licensed in a wide variety of specialties. Manufacturers and sellers MUST hold a License Agreement in order to use CSUSM Logos and Marks. License agreements are granted on an annual basis. Registered designs. 24.

Orange California Trademark Assignment and License Agreement Regarding Design Mark

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