Once a trade mark is filed and subsequently registered, there are very minimal changes that can be made to it.
One thing that can change is the owner of the mark. Trade marks and intellectual property in general can be a big portion of a company’s assets and therefore need to be viewed as a vital part of the puzzle when it comes to company value.
As part of business, assets move between companies in the same group and also are sold to other companies to allow them to build and grow.
When it comes to trade marks, there is a fixed process we need to go through in order to change the ownership of the mark.
It isn’t just the case of notifying the Intellectual Property Office of the change, we need a formal document which sets out the transfer and what exactly is being sold for and for how much.
Moving forward, Lawdit is here to assist you in ensuring the transfer of your trade mark is a smooth process.
Lawdit will draft an Assignment document for you which will set out clearly what is being transferred, from whom and to whom it is being transferred and for exactly how much has been agreed.
This Assignment document will be bespoke for you and will be provided to you for your approval and for signing. Once we hold the signed document, we then need to notify the relevant Intellectual Property Office of the transfer.
There will be official filing fees to pay for this, which differ depending on which office you need to file with. This will be in addition to Lawdit’s fixed fee to draft the Assignment and file it with the relevant Office on your behalf.
Once the Office has processed the request, the online register will be updated to the new owner.
If you would like any further information on this, please contact the IP team today.