15.15 Trademark Ownership-Assignee (15 U.S.C. Sec. 1060) is a section of the Latham Act that outlines the rules for assigning ownership of a trademark. It states that a trademark may be assigned to a person or company (the “assignee”) by an owner (the “assignor”). The assignee must be in good faith and the assignment must be in writing. The assignee then acquires all rights, title, and interests in the trademark and is responsible for the use of the trademark. There are two types of trademark assignments: an outright assignment and a license. An outright assignment is a complete transfer of all rights, interests, and responsibilities for the trademark from the assignor to the assignee. A license is a limited transfer of rights, interests, and responsibilities from the assignor to the assignee.