The following IP guidance note provides comprehensive and up to date legal information covering:
As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this Practice Note. For further guidance, see Practice Note: Brexit—IP rights.
Trade marks can be directly exploited by the trade mark owner (ie by self-use) but a trade mark owner can also generate income by transferring rights in the mark to other parties by various methods including assignment, licensing and by using them as security to raise funds. This Practice Note deals with the assignment and licensing of trade marks.
For more information about taking security over intellectual property (IP) rights, see Practice Notes: Taking security over intellectual property rights and Taking security over intellectual property—practical points.
You may also find it helpful to refer to guidance issued by the UK Intellectual Property Office (UKIPO): License, mortgage, transfer, merge and market your trade mark and EU Intellectual Property Office (EUIPO): Managing trade marks.
For more information about managing a trade mark portfolio and for practical tips on drafting and negotiating a trade mark licence, see Practice Notes: Managing a trade mark portfolio and Drafting a trade mark licence—a practical guide.
An assignment is the transfer of a trade
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