Trademark Assignment in Jaipur

Trademark Assignment Jaipur - A Brief

Trademark refers to any sign which is used by the businessmen to make sure that their products and services are differentiated from others of the same type. A Trademark can be any sign, design, expression, or even the manufacturer’s name in a stylized font. Basically, any type of written indentation which helps to distinguish the product from others like it and specify that the said product has been manufactured by a particular person or a company may serve as a Trademark.

A trademark can be assigned or handed over by a person to some other person legally. This is like passing over the possession and rights related to the trademark to that another person. This is termed as Trademark Assignment.  The party which transfers the trademark to another is usually known as assignor. The party which receives the trademark from the assigning party is usually known as assignee. Both types of trademarks, namely, registered and unregistered can be assigned to another by the owner.

There are two types of assignment on the basis of goodwill of the trademark:

• Assignment With Goodwill
• Assignment Without Goodwill

Assignment of a trademark means a transfer in the ownership of the trademark. After the trademark has been assigned to some another person, the receiver of the trademark becomes the proprietor of the trademark. He gets all the rights related to the trademark. When a registered trademark is assigned, such an assignment has to be recorded in the Register of Trademarks.

We at Company Vakil help you with the process of Trademark Assignment from Jaipur. Jaipur is an awesome and perfect place to shop the typical Rajasthani items. There are many famous markets or bazaars in the city which are famous for different items. The best place for purchasing Jaipuri items is the Bapu Bazaar, where you can find anything at a very reasonable cost. The next stop is the Nehru Bazaar where one can satisfy one’s desire to get the Jaipuri Jootis (Sandals). In addition to these, the Tripolia Bazaar is famous for its lac jewelry especially bangles.

Reasons for Trademark Assignment in Jaipur

The following are the reasons for which one can consider doing offline or Online Trademark Assignment in Jaipur:

Unlocking of Value: The value of a brand or a trademark is ideally only on a paper and it does not have any practical value of its own. But by assignment of a trademark, the original owner of the trademark can unlock the actual value of the trademark.

• Already known brand: The process of trademark assignment is beneficial for the assignee also. It is because of the fact that if the assignee would have started a new business with an all the new trademark, he would have had to establish the reputation of the trademark from the scratch. But this way he got an already well-known brand instead of having to establish a completely new one.
• Valid Proof: In case of a legal dispute related to the trademark, the legal rights can be easily established through the assignment deed.
• More Value to the Brand: Trademark Assignment adds more value to the trademark as a larger number of newcomers will be working under the trademark or the brand.

The Process of offline or online Trademark Assignment in Jaipur

The set procedure for the Trademark Assignment in Jaipur is as follows:

• Within a period of six months from the date when the assignee acquires the ownership of the trademark, a trademark assignment application has to be filed with the Registrar of Trademark by both the parties.
• The assignment deed has to be duly signed by both the parties and should be in writing.
• The effective date when the trademark assignment should be clearly mentioned.
• In case of assignment without goodwill or assignment of a certified trademark, the direction from the registrar of trademarks is required before the expiry of six months from the date on which assignment is made or within the extended period which is allowed by the registrar.
• The registrar may prescribe a manner and a period of time for an advertisement to be made regarding the trademark assignment. Such instructions should be fulfilled
• The Registrar shall register the assignee as the proprietor to the trademark after he has received the trademark assignment application and all the required documents along with it and has been satisfied.