Assignment Agreement Registration

Intellectual property rights (IPRs) have evolved over time. Intellectual property is not a new term, it has existed since the 1850s. The reason for its growth and development lies in its international applicability. Intellectual property rights focus on giving „inventors“ exclusive rights for his prestigious invention. And to serve wisely the criteria for intellectual property protection, few conventions and agreements have been concluded. The best way to develop intellectual property security laws is the Trade-Related Intellectual Property Rights Agreement (TRIPS), which aims to direct the security of „invention“ rights to the „inventor.“ With the advent of technology and recent trends in merchandising and marketing, protecting a person`s intellectual property has become an urgent need for time. Therefore, the title referring to a trademark is also an integral part of it. This title may be transferred to another person or corporation by transfer, merger, transmission, etc. [1] The brief of the TRIPS trademark contract is written and registered with Rospatent. Our specialists offer them a wide range of services for the drafting of trademark agreements, the presentation of registration documents and the associated registration. If the exclusive right has not been transferred to the transferee, the right holder, if he has not fulfilled his contractual obligation to pay compensation for the acquisition of the exclusive right within the time stipulated by the contract, may unilaterally renounce the contract and seek compensation. This new law allows the trademark holder to remove the shares of competitors if a brand similar to your brand is registered at the application stage.

The license agreement is written and is subject to state registration at Rospatent. An alienation agreement and a licensing agreement may include either compensation or no licence fee. If an agreement is reached with compensation, the fee for the exclusive right is due by the new holder. IN Mohammad Zumoon Sahib vs. Fathimunnisa4 was established that „registration of the assignment is not a precondition for a infringement action brought by the assignee and that a registered trademark cedar is not unfairly permitted on the grounds that the assignment was not registered.“ The Madras court found that the law requires a procedure for the assignee or agent to register this title.