After being satisfied with all the documentation, the Registrar officially transfers the trademark of the original to the new owner. Here, the Zdiger can restrict the assignee`s rights for the product it already uses. This means that Zechter and Zessiona can both use the same trademark, but in different goods or services. In this case, bisleri agreed, sold and assigned to Coca Cola the Maaza brand, including the rights of formulation, the rights of know-how, goodwill, etc. with regard to the Mango drink Maaza. After some time, the defendant company filed the Maaza trademark registration in Turkey and began exporting such beverages. Coca Cola sought a permanent injunction and damages for trademark infringement. Thus, the court brought an action for interim measures against the defendant for the use of the Maaza trademark in India and other nations. Any owner of a trademark or trademark has the right to sell, obtain a license, transfer his trademark, etc. The trademark transfer procedure is the process of transferring ownership of the trademark from one person to another.
The trademark owner transfers all rights to the receiving party. The trademark owner may transfer his right either by assignment or by license. After the assignment of the trademark, the assignee becomes the owner of the trademark. The Trademarks Act 1999 deals with the transfer and licensing of trademarks. The trademark can be assigned by a trademark assignment agreement. Buying a well-known brand has its own advantage in terms of market base. In addition, the delegate does not need to invest his time and money in marketing and brand building. The most important thing is that the agent does not have to go through the registration process.
Once the application is complete, submit it to the trademark declarant. This must be done within six months of the acquisition of the property. The Trademark Law stipulates that the assignment or assignment is inoperative to a person who acquires an interest contrary to or under the registered trademark without knowledge of the assignment or assignment. . . .