Trademark Assignment/Licensing
Trademark assignment and licensing allow businesses to transfer or share the use of their intellectual property. Trademark Assignment involves the complete transfer of ownership rights of a trademark from one entity to another. The assignee then becomes the new owner and can use, sell, or transfer the trademark further. Trademark Licensing involves granting permission to another party to use the trademark under specified terms and conditions, without transferring ownership. Licensing can be exclusive or non-exclusive, allowing the licensee to use the trademark in particular markets or for specific purposes. Both processes require legal documentation to ensure the rights and responsibilities of all parties are clear and enforceable.