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TradeMarks-Assignment and License Contracts

shieldThe contracts must be in writing and must be signed by the parties to the contract.

An assignment contract must include at least the following contents:

  • The full names and addresses of the contracting parties;
  • Identification of trademarks;
  • Term of payment including price;
  • Obligations and rights of the contracting parties.

There are three types of licenses, namely exclusive, non-exclusive and sub-license. The content of license contract at least includes:

  • The full names and addresses of the contracting parties;
  • Identification of trademarks;
  • Type of license;
  • Scope of license, in particular, the territorial limits and the rights of use;
  • Termination of the contract;
  • Term of payment including price;
  • Obligations and rights of the contracting parties.

The assignment/license contracts is only effective to a third party upon recordal of these contracts with the NOIP.