{"id":22258,"date":"2020-12-18T12:10:40","date_gmt":"2020-12-18T06:40:40","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=22258"},"modified":"2020-12-18T12:10:41","modified_gmt":"2020-12-18T06:40:41","slug":"importance-of-notarization-of-trademark-assignment","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/importance-of-notarization-of-trademark-assignment\/","title":{"rendered":"What is the Importance of Notarization of Trademark Assignment?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">If you are running a business or a company,\nthen you should know about the trademark and what is their significance. But do\nyou know what the Importance of Notarization of Trademark Assignment is? <\/p>\n\n\n\n<p>Trademark is an intellectual property of any business and institutes any words, design or expressions that are exclusive to the business and makes it recognizable to the business. The trademark is listed by the business enterprises and the rights to utilize the marks lies with the business. <a href=\"https:\/\/corpbiz.io\/trademark-assignment\"><strong>Trademark Assignment<\/strong><\/a> makes any documents reliable and trustworthy. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/importance-of-notarization-of-trademark-assignment\/#What_is_a_Trademark_Trademark_Assignment\" >What is a Trademark &amp; Trademark Assignment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/importance-of-notarization-of-trademark-assignment\/#Requirements_for_Notarization_of_Trademark_Assignment\" >Requirements for Notarization of Trademark\nAssignment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/importance-of-notarization-of-trademark-assignment\/#Notarization_of_Trademark_Assignment\" >Notarization of Trademark Assignment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/importance-of-notarization-of-trademark-assignment\/#What_is_the_Process_of_the_Notarization_of_Trademark_Assignment\" >What is the Process of the Notarization of Trademark\nAssignment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/importance-of-notarization-of-trademark-assignment\/#Documents_Required_For_Trademark_Assignment\" >Documents Required For Trademark Assignment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/importance-of-notarization-of-trademark-assignment\/#Documents_Required_For_Trademark_Registration\" >Documents Required For Trademark Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/importance-of-notarization-of-trademark-assignment\/#Elements_of_Trademark_Assignment\" >Elements of Trademark Assignment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/importance-of-notarization-of-trademark-assignment\/#Types_of_Trademark_Assignment\" >Types of Trademark Assignment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/importance-of-notarization-of-trademark-assignment\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_a_Trademark_Trademark_Assignment\"><\/span>What is a Trademark &amp; Trademark Assignment?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A trademark works as a formal\nbusiness title, logo or authority term that comprises both your business name\nas well as logo. Fundamentally, the trademark helps the consumers in differentiating\nbetween Goods &amp; Services. Additionally, it also defends the company\u2019s goods\nor services from copying and theft. So trademarks work like protectors of\nintellectual property.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Trademark Assignment<\/h3>\n\n\n\n<p>Since a trademark is type of <strong>intellectual property<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Intellectual_property\"><strong>[1]<\/strong><\/a><\/sup>, they can be traded, transmitted or licensed the way assets are done. Such sharing or transferring of trademarks occurs through a Trademark Assignment or licensing. There are several differences in proprietorship of the brand when the trademark is allotted. <\/p>\n\n\n\n<p>Though, when trademark is licensed,\nonly few rights are handed down to third party to whom the trademark is being\nassigned. Majority of the rights always stays with the purchaser. It can be\ndone with or without transferring the goodwill. If the trademark is registered,\nthen the hand over should be recorded in the Register of the Trademark.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Benefits of Trademark Assignment<\/h3>\n\n\n\n<p>The benefits of Trademark\nAssignment are as follows-<\/p>\n\n\n\n<ul><li>Helps the brand owner in unlocking the real\nvalue of the brand name;<\/li><li>Helps the assignee in utilization of the brand\nvalue of the goods or service, rather than creating value for a new brand;<\/li><li>Assists as valid proof in case of any legal\ndisputes related to the trademark.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Requirements_for_Notarization_of_Trademark_Assignment\"><\/span>Requirements for Notarization of Trademark\nAssignment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The requirements for Notarization\nof Trademark Assignment are as follows-<\/p>\n\n\n\n<ul><li>Signatories and witnesses<\/li><li>Power of attorney<\/li><li>Pending trademark application<\/li><li>Notarization and Legalization<\/li><li>Names of related individuals, both living and\ndead<\/li><li>Issued trademark registration<\/li><li>International applications and registrations<\/li><li>Execution Requirements<\/li><li>Execution date and address&nbsp;<\/li><li>Domain names registered email IDs and social\nmedia accounts<\/li><li>Business goodwill<\/li><li>Associated applications and registrations<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Notarization_of_Trademark_Assignment\"><\/span>Notarization of Trademark Assignment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Trademark Assignment should be duly notarized and written on a stamp paper or stamped for the right value as well as denomination.\u00a0The notarization is compulsory if the assignee wishes to obtain <a href=\"https:\/\/corpbiz.io\/trademark-registration\"><strong>Trademark Registration<\/strong><\/a> in a foreign country. <\/p>\n\n\n\n<p>For example, if the applicant subsists\nabroad, they are required to notarize the same in the country of residence or in\nthe country of execution of trademark. While doing so, care should be taken to\nsee that if the assigned trademark is stamped in India.<\/p>\n\n\n\n<p>Additionally, this move is taken to\nprove that there is no pending litigation in the country of origin. At the time\nof handover, the assignor should submit an affidavit that is notarized stating\nthat the trademark is truly in their possession. This is the reason for\nnotarization of Trademark assignment in India.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Process_of_the_Notarization_of_Trademark_Assignment\"><\/span>What is the Process of the Notarization of Trademark\nAssignment?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The processes of the Notarization\nof Trademark Assignment are as follows-<\/p>\n\n\n\n<ul><li>The assignee should apply for a trademark\nassignment in a selected manner.<\/li><li>The assignor or assignee should issue <strong><em>Form TM-P<\/em><\/strong>\neither individually or through a joint request.<\/li><li>Form TM-P will help make the assignee a\nsubsequent owner of Trademark.<\/li><li>Six months from date of ownership, apply with\nthe Registrar of Trademark for assignment of Trademark<\/li><li>While the Form can be filled and submitted\nlater, the prescribed fees should be duly paid<\/li><li>For assignment of specialized trademarks, the guidelines\nshould be applicable before six months from the assignment&nbsp;date<\/li><li>Assignee should then advertise the Trademark assignment&nbsp;<\/li><li>Send a copy of the application with the\nadvertisement copy to the Registrar Office&nbsp;<\/li><li>After examination, the registrar will then make\nthe assignee owner of the trademark&nbsp;<\/li><li>The trademark will then record the requirement\nof the assignment.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_For_Trademark_Assignment\"><\/span>Documents Required For Trademark Assignment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The documents required for notarized Trademark Assignment are as follow:- <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"1024\" height=\"322\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/Documents-Required-For-Trademark-Assignment-1024x322.png\" alt=\"documents required for notarized Trademark Assignmen\" class=\"wp-image-22260\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/Documents-Required-For-Trademark-Assignment-1024x322.png 1024w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/Documents-Required-For-Trademark-Assignment-300x94.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/Documents-Required-For-Trademark-Assignment-768x242.png 768w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/Documents-Required-For-Trademark-Assignment.png 1144w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_For_Trademark_Registration\"><\/span>Documents Required For Trademark Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The documents required for notarization of Trademark\nRegistration-<\/p>\n\n\n\n<ul><li>Self-Attested Form-48<\/li><li>ID proof of proprietor<\/li><li>Copy of the logo<\/li><li>Address proof of proprietor<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Elements_of_Trademark_Assignment\"><\/span>Elements of Trademark Assignment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The elements of Trademark Assignment for notarization are as\nfollows-<\/p>\n\n\n\n<ul><li>Warranties regarding ownership of the trademark<\/li><li>The effective date of transfer<\/li><li>Signatures of both the assignor and\nassignee&nbsp;<\/li><li>Notary public to notarize the trademark&nbsp;<\/li><li>Name and details of the assignor<\/li><li>Name and details of the assignee<\/li><li>Consideration or remuneration paid for the\ntrademark<\/li><li>A transformation of a trademark<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Types_of_Trademark_Assignment\"><\/span>Types of Trademark Assignment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are four categories\nof trademark assignments are-<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Complete Assignment<\/h3>\n\n\n\n<p>The assignment of all\nrights regarding the right to sell, receive royalties relating to the trademark\nto the owner, is known as complete assignment. In addition, complete assignment\nrefers to the trademark assignment concerning all goods and services.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Partial Assignment<\/h3>\n\n\n\n<p>The assignment of\ntrademarks concerning only to certain goods and services is called a partial\nassignment. A company having several goods and services can choose to allocate\nonly a certain merchandise or service and hold on to the rest. This is known as\npartial assignment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">With Goodwill<\/h3>\n\n\n\n<p>Goodwill of an\norganization is considered as its brand value. When the trademark assignment is\nwith goodwill, the owner gets to make use of the brand value of the trademark\nalso. The owner can use the trademark for the same line of business. <\/p>\n\n\n\n<p>For instance, Mr. A\nsells the trademark of his electrical appliance business named \u2018Monee\u2019 to Mr.\nB. Mr. B can take over the trademark and as well as the brand value and carry\non the same business. Here Mr. B earns the trust of the customers of Mr. A as\nthe customers attach quality to a particular brand.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Without Goodwill<\/h3>\n\n\n\n<p>The assignment is\nprepared only for the trademark and not the connected brand value. The owner\nmust use the trademark for a different line of business. Taking the same case\nin point as above if Mr. A sells the trademark without the goodwill of his\nbrand, Mr. B is not allowed utilize the brand name \u2018Monee\u2019 for the same line of\nbusiness that is electrical appliance business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Trademark Assignment should be duly notarized and written on a stamp paper or stamped for the right value as well as denomination.\u00a0The notarization is compulsory if the assignee wishes to obtain Trademark Registration in a foreign country. The reason for notarization of Trademark assignment in India is to prove that there is no pending litigation in the country of origin.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/present-scenario-of-trademark-registration-for-online-business\/\">\nWhat is the Present Scenario of Trademark Registration for Online Business? Let\u2019s Understand in Detail!\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are running a business or a company, then you should know about the trademark and what is their significance. But do you know what the Importance of Notarization of Trademark Assignment is? Trademark is an intellectual property of any business and institutes any words, design or expressions that are exclusive to the business [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":22265,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[1334],"acf":{"service_id":"18"},"authorName":"Sakshi Srivastava","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/03\/IMG-20180130-WA0007.jpg","authorDescription":"Sakshi has pursued B.B.A.LL.B.(IPR Hons.). She is an avid reader and is keen to gather and share her knowledge on the subjects relating to IPR, Company Law and GST. Priorly she has worked as a legal researcher and vide her articles she aims at improving the core knowledge of the subjects to the masses.","postViews":5701,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/22258"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=22258"}],"version-history":[{"count":13,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/22258\/revisions"}],"predecessor-version":[{"id":22274,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/22258\/revisions\/22274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/22265"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=22258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=22258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=22258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}