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Trademark Assignment and License Agreement Regarding Design Mark

Philadelphia Pennsylvania Trademark Assignment and License Agreement Regarding Design Mark

Name: Philadelphia Pennsylvania 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:

Philadelphia

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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Typically, trademark applications and registrations can be assigned in whole or in part. For general information on trademark assignments, see the web page entitled, Trademark Assignments, where important concepts such as the chain of title and recording an assignment are discussed.

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.

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.

The word trademark can refer to both trademarks and service marks. A trademark is used for goods, while a service mark is used for services.

A trademark license is typically accomplished through a contract, like the written agreement form that follows. After the parties have negotiated and signed their agreement, the document should be recorded with the U.S. Patent and Trademark Office (USPTO).

In case of an assignment of a trademark, there is a transfer in the ownership of the trademark registration and in case of licensing, the proprietary rights of the trade mark continue to vest with the original owner but only few restricted rights to use the brand/trademark are given to the third party.

A Trademark Assignment Agreement is a written document that legally transfers a legally recognized word, phrase, symbol, and/or design (the Trademark) from the current owner (the Assignor) to the future owner (the Assignee).

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.

Trademark royalties are the payments a licensee makes to a licensor in exchange for the use of their trademark. Trademark royalty rates are usually a percentage of the revenue generated by the trademark, and ensure that both parties benefit fairly from the trademark licensing agreement.

A trademark licensing agreement is a legal contract between a trademark owner and another party that have agreed to use the trademark on preapproved terms decided between the contracting parties.

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52.104 Procedures for modifying and completing provisions and clauses. 52. 1: What are the official school colors for Temple University?2: What qualifies as a trademark, logo or symbol? Trademark. 16. 4. Commercialization. 18. Marketing. 22. Licensing. 23. Corporate Contracts. 23. Corporate Outreach. 23. Create requirements for prospective licensees. Know how they intend to use the mark in the future. Moreover, license agreements often involve federally registered trademarks, but unregistered marks may also be the subject of a license. Why Criminal Law Protects Trademarks, Service Marks, and Certification Marks. The license agreement acknowledged.

Philadelphia Pennsylvania Trademark Assignment and License Agreement Regarding Design Mark

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