Trademark Assignment has been defined in Section 37 of the Trademark Act 1999. According to the definition, a “Trademark Assignment” is transferring ownership of a trademark and a brand mark. Both temporary and permanent transfers are possible through Trademark Assignment. Trademark Assignment is a procedure in which the actual owner of the trademark transfers ownership of the trademark, with goodwill or without the goodwill, to the new proprietor who has been duly registered. Through Vakilsearch, get your trademark assigned online.

Assignment of Trademark with Goodwill 

When an Assignor transfers ownership of a trademark connected with goods or services currently in use by the assignor to the assignee, all associated value, rights, and entitlements are likewise transferred. The Assignee is free to use the trademark given to him for any products or services, including those that were already being provided by the assignor, after assuming ownership of the brand’s goodwill. Tradeamrk with Business Goodwill is the name given to such a transaction.