When looking to transfer a trademark to someone else, trademark assignments are what you’ll need. These are a transfer of an owner’s rights, title, and interest in a trademark or service mark to a receiving party. Assignments are not to be confused with licenses, which are the grant of permission to use a mark, but don’t include any transfer of rights between parties.
Trademark assignments can happen during the sale of a business, or as a way to monetize the trademark and get rid of unneeded intellectual property burdens on the business. Other reasons can vary between situations and can even be isolated events. There are various items that need to be met in order to validate an assignment, so it’s best to research specific requirements or talk to one of our trademark attorneys.