ASSIGNMENT & LICENSE AGREEMENTS
What is the Difference Between Trademark Transfer & License Agreements?
Trademark right is one of the industrial property rights. In order for the trademark right to be used by third parties, trademark transfer and license agreements are made.
The license agreement is basically the agreement that provides permission from the first producer of a brand. License agreements are different from transfer agreements. License agreements are a long term agreement. In transfer agreements, the trademark right passes to the assets of the transferee. While the trademark right owner continues to have this right in the license agreement, the trademark right is completely given to someone else in the transfer agreement.
Trademark license and transfer agreements are prepared with different legal arrangements according to the situation analysis. There are different regulations such as a trademark license agreement independent of the transfer or commercial enterprise due to inheritance.
Types of Trademark Transfer & License Agreements
Brand license agreements are made in two types, exclusive and non-exclusive. Giving the trademark right in the exclusive contract cannot use this right and can not let anyone else use it. This license can be issued for a specific region. In non-exclusive license agreements, granting the trademark right can continue to use the trademark right. It can also make others use the trademark right. In this type of contract, the owner of the copyright shares the trademark right without giving up the trademark right.
In brand transfer contracts, contracts are arranged according to different transfer transactions such as inheritance transfer, lien transfer. Trademark transfer and license agreements are legal agreements. It must be prepared in accordance with legal regulations. Our company prepares your license and transfer contracts in accordance with the legal legislation.
Legal Nature of Trademark Transfer & License Agreements
Trademark license and transfer agreements are regulated according to the Industrial Property Law No. 6769. Trademark license right is not a property right. It is an intellectual property right. Granting the license right only allows the licensee to use this right.
About the transferred brand, intellectual property passes to someone else. Brand license agreements are onerous contracts that charge both parties. The obligations of the licensor and licensee are specified in the contracts. Trademark transfer and license agreements must be arranged in accordance with legal rules as per legal regulations. Our company can perform legal transactions such as trademark registration, transfer or license on your behalf as an authorized representative.