A trademark serves as a distinct marker for a product or service, setting it apart from others in the market. This can take various forms such as a logo, slogan, image, word, color scheme, sound, or even scent.

Transferring ownership of a trademark from one party to another is typically straightforward. Through a process known as Trademark Assignment, individuals can easily transfer their trademark rights. Whether it’s a permanent transfer or for a defined period, it’s crucial to formalize the arrangement with a proper agreement to prevent potential legal conflicts. Whether the trademark is registered or not, the transfer requires application to the relevant authority, typically the Registrar, to ensure legal validity.