Puerto Rico Collateral Assignment of Trademarks

State:
Multi-State
Control #:
US-0444BG
Format:
Word; 
Rich Text
Instant download

Description

A Collateral Assignment is an asset assignment in which ownership rights are transferred only as an additional security for a loan, and revert to the assignor when the loan is repaid.
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FAQ

Trademarks are territorial and must be filed in each country where protection is sought.

It applies to all fifty U.S. States as well as any territory under United States jurisdiction and control, including the American Virgin Islands (VI), in American Samoa (AS), Guam (GU) and Puerto Rico (PR). Trademark protection is obtained by registration.

A trademark registration is highly valuable because it gives the trademark owner a perpetual monopoly over that mark, albeit limited to the goods or services sold under that mark. Unlike copyright, which expires after a set amount of time, trademark may last forever as long as the appropriate formalities are kept.

Puerto Rico is a territory of the United States and does not have a national patent office. The protection afforded by any US patent extends to Puerto Rico.

No, a U.S. trademark registration will not protect your trademark in a foreign country. Trademarks are territorial and must be filed in each country where protection is sought.

Your registered trademark will provide the presumption of nationwide validity, which means you'll be protected from potential infringement anywhere throughout the United States. Unfortunately, any trademark disputes that arise outside the U.S. will not be covered by these protections.

Trademark protection is perpetual unless a mark is abandoned or becomes associated in the public's mind with a general category of products rather than the source of the product.

An Australian trade mark provides protection only within Australia. There are two ways Australian trade mark owners can seek trade mark protection overseas: Via an application filed directly to each country.

Trademarks can last indefinitely if you continue to file maintenance documents with the United States Patent and Trademark Office (USPTO). You also have to use your trademark as described in registration documents and defend it from infringement.

Trademarks registered in the USA also have validity and recognition in Puerto Rico. However, in order to be effectively protected in Puerto Rico, trademarks should also be registered through the local trademarks office (PRIPO).

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Puerto Rico Collateral Assignment of Trademarks