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Assignment of Trademark

This document is an assignment of a trademark from Mr. A (the Assignor) to M/s. AB & Co., Ltd. (the Assignee), detailing the transfer of rights, title, and interest in the trademark along with the associated goodwill. The Assignor agrees to not compete with the Assignee's business for one year within a specified radius. The agreement includes covenants ensuring the Assignee's exclusive rights to the trademark and the obligation of the Assignor to assist in the registration process.

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7 views1 page

Assignment of Trademark

This document is an assignment of a trademark from Mr. A (the Assignor) to M/s. AB & Co., Ltd. (the Assignee), detailing the transfer of rights, title, and interest in the trademark along with the associated goodwill. The Assignor agrees to not compete with the Assignee's business for one year within a specified radius. The agreement includes covenants ensuring the Assignee's exclusive rights to the trademark and the obligation of the Assignor to assist in the registration process.

Uploaded by

rajasah.alpha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment of Trademark

THIS ASSIGNMENT is made at ............this...............day of .................... BETWEEN Mr. A residing


at................. (Hereinafter called "the ASSIGNORS") of the one part and M/s. AB & Co.,Ltd., a Company
registered under the Companies Act, 1956, and having it registered office at ................... (Hereinafter
called the "ASSIGNEES" of the other part) WHEREAS the ASSIGNORS are the proprietors of the
trademark registered in India under No. particulars of which are as follows (hereinafter referred to as the
"said trade mark"): Trade Mark Number Class Goods WHEREAS the ASSIGNEES are desirous of
acquiring the right, title and interest in and to the said trade mark with the good-will of the business
concerned in the goods relating to the said trade mark. AND WHEREAS the ASSIGNORS have agreed to
assign the said trade mark to the ASSIGNEES as so desired by the ASSIGNEES. The assignee is
carrying on the same business and manufacturing and selling similar goods and requested the Assignor
to assign the said trademark with the goodwill of his business and which the Assignor has agreed to do
on the following terms and in the following manner. NOW THIS DEED WITNESSETH that pursuant to the
said Agreement and in consideration of the sum of Rs....paid by the Assignee to the Assignor on the
execution of these presents (receipt whereof the Assignor hereby admit) the Assignor as beneficial
owner, assigns and transfers unto the Assignee, - Firstly, all the said business of the Assignor of selling
the said goods and carried on in the name of M/s ............together with the goodwill belonging to thereto
together with the exclusive right to the said name or style in which the said business is carried on and
Secondly, with the said Trade Mark described hereunder written with all the rights and benefits belonging
thereto including the benefit of registration thereof under the Trade and Merchandise Marks Act of 1958
TO HOLD the same and all the said premises hereby assigned unto the Assignee absolutely. AND the
Assignor hereby covenants with the Assignee that -- 1. he has full right and absolute authority to assign
the said trade mark with all rights appurtenant thereto 2. that he has not assigned or agreed to assign the
same or to grant any license thereon and 3. that the Assignee will be entitled to use the said Trade Mark
and the goodwill of the business of the Assignor and to use the said Trade Mark in respect of the said
goods manufactured or to be manufactured or sold by the Assignee without any objection or interruption
by the Assignor or any person claiming under him, and 4. That the Assignor will at the request and cost of
the assignee, at any time execute any document as may be required for better and more perfectly
assuring the said trademark unto the Assignee and particularly for registration of this agreement with the
Registrar of Trade marks as required by the said Act, 1958. And the Assignor further covenant with the
Assignee that the Assignor will not carry on any business of manufacturing and selling the said goods and
competing with the business of the Assignee for a period of 1 year and within the area of five kilometers in
radius from the place where he has been carrying on the said business. IN WITNESS WHEREOF the
ASSIGNORS and the ASSIGNEES have executed these presents the day and year first above
written. ................................................ ASSIGNOR Witness 1. 2. ...............................................
ASSIGNEE Witness 1. 2.

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