Trademark
Trademark Assignment Agreement
Maryland
Can a trademark assignment agreement be terminated if the assignee fails to meet certain conditions?
Can a trademark assignment agreement be terminated if the assignee fails to meet certain conditions, such as failing to actively use the trademark or not maintaining the quality standards set forth in the agreement? I have recently assigned a trademark to another company, but I am concerned that they are not using the trademark as agreed upon and are damaging its reputation. I want to know if there are any legal grounds for terminating the assignment agreement and reclaiming the trademark.
Answers from 1 Lawyer
Answer
Trademark
Maryland
Sara S.
ContractsCounsel verified
Hi, It depends on what your assignment agreement termination provision permits, and what is described as a breach of such agreement (material or no). You can learn more by discussing this with a licensed intellectual property attorney.
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