Fill and Sign the What is Assignment of a Trade Mark Form

Assignment of Trademark and Trade Dress This Assignment of Trademarks (this Assignment) is made this the _____________________ (date), by _____________________ (Name of Assignor), a corporation organized and existing under the laws of the state of _____________________ (name of state), with its principal office located at _______________________________________________________________ (street address, city, state, zip code), referred to herein as Assignor and _____________________ (Name of Assignee), a corporation organized and existing under the laws of the state of _____________________ (name of state), with its principal office located at _______________________________________________________________ (street address, city, state, zip code), referred to herein as Assignee. Whereas, Assignor is entering into an Asset Purchase and Sale Agreement (the Purchase Agreement) contemporaneously with the execution of this Assignment; andWhereas, among the assets to be transferred by Assignor to Assignee under the Purchase Agreement are the trademarks and trade dress set forth in Schedule A attached to this Assignment (the Marks); andWhereas, Assignor warrants that it owns all rights, title and interests in the Marks and Assignor desire to assign all rights, title, and interests in and to the Marks to Assignee (All Rights in the Marks).Whereas, Assignee desires to accept Assignment of all rights in the Marks, including the following:U.S. trademark registration listed in the attached Schedule B;U.S. trade dress listed in the attached Schedule C; All the goodwill associated with the use of the Marks in Schedule D; andAll other rights, including common-law rights, relating to the Marks to the extent such rights exist.1.Now, therefore, for good and valuable consideration, receipt of which is acknowledged, Assignor sells, assigns, sets over and transfers to Assignee all rights in the Marks and the goodwill associated with the Marks. 2. The rights of Assignee at common law and to the end of the term or terms of which registration of the Mark may be granted or renewed are to be held and enjoyed by Assignee for Assignee's own use and enjoyment, and for the use and enjoyment of its successors, assigns and other legal representatives, as fully and entirely as the same would have been held and enjoyed by Assignor if this Assignment and sale had not been made; including all claims for royalties for licensing of the Marks and damages by reason of past infringements of the Marks, with the right to sue for and collect the same for its own use and benefit, for the use, benefit and on behalf of its successors, assigns and other legal representatives.3. Assignor will (i) execute such additional documents as are necessary to defend, register, or otherwise give full effect to and perfect the rights of Assignee to the Marks; and (ii) take such further actions as Assignee may reasonably request in order to register and record this Assignment at the appropriate registries to demonstrate Assignee's title to the Marks. 4. The invalidity of any portion of this Agreement will not and shall not be deemed to affect the validity of any other provision. If any provision of this Agreement is held to be invalid, the parties agree that the remaining provisions shall be deemed to be in full force and effect as if they had been executed by both parties subsequent to the expungement of the invalid provision. 5.No Waiver. The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred.6.Governing Law. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of _____________________ (name of state).7.Notices. Unless provided herein to the contrary, any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when sent by certified or registered mail if sent to the respective address of each party as set forth at the beginning of this Agreement.8. Attorney’s Fees. In the event that any lawsuit is filed in relation to this Agreement, the unsuccessful party in the action shall pay to the successful party, in addition to all the sums that either party may be called on to pay, a reasonable sum for the successful party's attorney fees.9.Mandatory Arbitration. Notwithstanding the foregoing, and anything herein to the contrary, any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration Association then in force and effect. 10.Entire Agreement. This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement.11. Modification of Agreement. Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if placed in writing and signed by each party or an authorized representative of each party.12.Assignment of Rights The rights of each party under this Agreement are personal to that party and may not be assigned or transferred to any other person, firm, corporation, or other entity without the prior, express, and written consent of the other party. 13.Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute but one and the same instrument.14. Compliance with Laws. In performing under this Agreement, all applicable governmental laws, regulations, orders, and other rules of duly-constituted authority will be followed and complied with in all respects by both parties.WITNESS our signatures as of the day and date first above stated._____________________ _____________________(Name of Assignor) (Name of Assignee) By: __________________________ By: __________________________ (Printed Name & Office in Corporation) (Printed Name & Office in Corporation) __________________________ __________________________(Signature of Officer) (Signature of Officer)