Puerto Rico Trademark Assignment and License Agreement
Description
How to fill out Trademark Assignment And License Agreement?
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FAQ
A licensed mark is a trademark that a franchisee, or other licensee, has obtained the right to display for a certain period of time. The licensee doesn't own the trademark, but the trademark owner has granted him the right to display the trademark for a limited time, and subject to certain conditions.
Federal trademarks give you ownership across all 50 states, plus all U.S. territories. Federal trademarks allow you to use the ® symbol. You can file infringement suits in federal courts. Your mark will be listed in the U.S. Patent and Trademark Office (USPTO) database.
A Trademark Assignment Agreement is a written document that legally transfers a legally recognized word, phrase, symbol, and/or design (the Trademark) from the current owner (the Assignor) to the future owner (the Assignee).
To put it summarily, in case of an assignment of a trademark, there is a change in the ownership of the registered brand and in case of licensing, the right in the trade mark continues to vest with the original owner but only few restricted rights to use the brand/mark are given to the third party.
U.S. TRADEMARKS IN PUERTO RICOU.S. trademark registrations can be enforced against infringers in Puerto Rico. Remedies available for trademark infringement under United States law include injunctive relief, lost profits and monetary damages, which can be trebled, and, in exceptional cases, attorney's fees.
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.
Why and How to Register a Trademark in Puerto Rico However, registration is highly advisable in order to protect such rights and be recognized as the registered owner. This proves useful in order to prevent third parties from registering one's trademark and in cases of trademark infringement in Puerto Rico.
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.
The term 'assignment' and 'license' cannot be interchanged. A license is different from an agreement. Generally, in absence of any provision to the contrary, the assignee becomes the owner of the assigned work, whereas in case of a license the licensee gets the right to exercise particular rights only.
