Acquiring a registered trademark in India is a wise legal move. It has the potential to not only save time but also assist with brand recognition and consequently increase the value of the company. Moreover, companies can choose to buy already market-connected trademarks rather than going through the expensive and time-consuming process of creating new ones.
However, the question is what the exact process is. This guide tells you buying a registered trademark in India step by step. It deals with legal requirements, required papers, and even provides some expert tips.
A registered trademark is any legal symbol, word, phrase, or logo. It helps identify and distinguish the source of goods or services. Buying one offers instant branding, legal protection, and credibility.
Many companies opt to acquire a trademark rather than go through the process of registration for a new one. This not only saves time but also builds trust with clients and accelerates brand growth. The transaction is made easier by the presence of verified listings on platforms such as BuySellTrademarks.in.
First, search for available trademarks for sale. This can be done through:
Look for trademarks relevant to your niche and make sure they're registered and legally valid. Ensure the trademark aligns with your business goals and doesn't have any existing disputes.
Once you've selected a trademark, it's crucial to verify its:
Verifying the status, class, and history of a trademark is recommended through the IP India Public Search Tool (https://ipindiaonline.gov.in). Moreover, reaching out to a trademark lawyer to ask about this issue is a very good choice.
Before finalizing the purchase, conduct a comprehensive trademark due diligence check. This includes:
Trademark due diligence keeps you safe from future legal issues. It also helps you understand the real market value of the brand name you are buying.
Once you are sure the trademark is real, start discussing the price with the seller. Here are important points to include in the purchase agreement:
The trademark assignment agreement must be drafted carefully, preferably by a legal expert. This agreement is the legal proof of transfer.
A Trademark Assignment Deed of assignment is needed for every transfer of a trademark from one party to another, to legible in the eyes of law. The document should contain such clauses.
The law requires the parties to write the assignment deed on stamp paper. In order for it to be a legally enforced contract, you need to have it notarised.
After you complete the deed, you must register the transfer with the Indian Trademark Registry. You complete this by filing Form TM-P.
Here’s what you need to file:
This step is crucial to legally reflect the buyer as the new trademark owner in public records.
As soon as the Registrar authenticates and accepts your petition, he/she will then proceed to modify the records of ownership in the Trademark Registry that is recognized as official. You will receive a confirmation or Trademark Journal Entry.
This officially marks the completion of the trademark transfer. The buyer can now use the trademark legally in India for commercial use.
To ensure a seamless process, keep these documents ready:
Organizing these documents in advance will prevent delays during registration.
BuySellTrademarks.in is India’s leading platform that allows buyers to explore registered trademarks for sale across various industries. Key benefits include:
The ideal solution for entrepreneurs, startups, and businesses looking to launch a brand without delay exists.
Buying a trademark instead of registering a new one offers several advantages:
Lately, there has been a great increase in people who want to own a business.
Avoiding these mistakes will ensure a smooth trademark acquisition: