Assignment of a Trade Mark (India) by OLL
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ASSIGNMENT OF TRADE MARK
(Short Form)
THIS ASSIGNMENT made the _______day of _______, 20 _______ between AA. etc. (hereinafter called ‘‘the Vendor’’ of the one part and BB. (hereinafter called ‘‘the Vendee’’) of the other part.
WHEREAS the Vendor is the registered proprietor of the trade marks and trade names, the particulars of which are set out in the Schedule annexed and;
WHEREAS the Vendee has agreed to purchase from the Vendor for a sum of Rs ___________. the said registered trade marks and the right to the said trade names;
NOW THIS DEED WITNESSES as follows:
1. In pursuance of the said agreement and in consideration of the sum of Rs ___________ now paid by the Vendee to the Vendor (receipt of which the Vendor hereby acknowledges) the Vendor as full and absolute owner hereby assigns to the purchaser all his rights in the registered trade marks and trade names, the particulars whereof are set out in the Schedule hereto TO HOLD the same by the Vendee as owner absolutely.
2. That the Vendor shall not in any way hereafter use the said trade marks or the said trade names in any manner.
IN WITNESS whereof etc.
This document is a short-form deed used for the legal transfer of trademark ownership in India. It formalizes the sale of specific registered trademarks and trade names from a vendor to a vendee in exchange for a specified payment.
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About this template
What is this template?
This is a short-form deed of assignment for registered intellectual property assets and it is not a licensing agreement. It contains a specific receipt acknowledgment for the purchase price and an absolute restriction on future use by the original owner.
When should you use it?
Use this when the parties require a simple, direct transfer of trade mark ownership for a one-time payment, rather than using a complex Intellectual Property Sale Agreement.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Assignment of Rights | The Vendor transfers absolute ownership of registered trade marks and names to the Vendee in consideration for a payment in Rs. |
| 2 | Restriction on Use | The Vendor is prohibited from using the assigned trade marks or trade names in any manner following the execution of the deed. |
Who it's for
- a registered proprietor in India transferring trade marks to a purchaser for a fixed price in Rupees
- an entity seeking a short-form deed to record the absolute sale of trade names and marks
How long it runs and how it's signed
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