Selling and buying a
trademark involves a lot of procedures. To accomplish the same in smooth steps,
it is recommended that you seek help from an experienced attorney. Selling the
trademark means you are selling the business name, including tangible assets to
other parties. The required procedures should be maintained properly to avoid
any sudden occurrence of a problem in the future. Choose the trademark price,
and you should provide scope for negotiation of the price to your buyer. After
you both agree on the terms of the contract, you are responsible for notifying
the change of trademark ownership to U.S. Patent and Trademark Office or USPTO.
However, some considerations shall help you buy your trademark.
Finding the right buyer
If you do not have the
buyer, you have to look for it. Some exchanges or auction sites are suitable to
get buyer options. In this case, USPTO sites will show your trademark. You have
to pay either monthly or yearly fee for the listing under USPTO. Along with
asking price, you should add a short description of your trademark. This shall
help your buyer to get a quick idea about the trademark. For any related help
on buying a trademark, you can go through Trademarks411.com site
to grasp a better idea. However, going through the exchange site, the buyer
will get in touch with you to know about payment details. Other than this, you
can use agreement templates that are available in the exchange site.
Assignment of the agreement for selling the
trademark
Try to arrange for
proper agreement in the name of your company and buyer. This shall help you to
keep away from problems in the future after you have sold the trademark. For
assistance, you can visit Trademarks411.com
that shall help you a better idea on the same. For trademarks with multiple
owners, every owner should sign in the agreement paper and give their consent
in the selling of the trademark. Apart from this, the agreement should have
details of prices of the trademark, including the sale price and otters. In
case of any disputes of the trademark, it should be mentioned in detail in the
written agreement.
Reporting under USPTO
Before you sell a
trademark, you have to submit an agreement application under USPTO. You can opt
for an online application where you have to provide important details relating
to trademarks such as registration number, contact information, description of
mark, and the like. When you are paying for the online application of selling
your trademark, you should make the payment with a credit card or make use of
the electronic form of payment.
Other vital considerations
Before you wish to sell
your trademark, you have to use it in a commercial place. Also, it should be
used in selling goods and service that your company caters to. You cannot sell
your trademark if you have not used it and have simply registered use for
future use.
So, try to follow the above-said considerations before you sell your trademark. this shall help you sell it easily without any hassle.
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