Section 1-411 - Assignment. - Maryland Statutes

§ 1-411. Assignment.
 

(a)  Authorized.- A mark and its registration may be assigned with: 

(1) the good will of the business that uses the mark; or 

(2) that part of the good will of the business connected with the mark. 

(b)  Manner of assignment.- The assignment shall be by a written, signed instrument. 

(c)  Recording an assignment.- A person may record the assignment of registration of a mark by: 

(1) submitting the instrument of assignment to the Secretary of State; and 

(2) paying to the Secretary of State a fee of $10. 

(d)  Issuance of certificate.- The Secretary of State shall record an assignment of the registration of a mark and issue a new certificate of registration in the name of the assignee to each person who meets the requirements of this section. 

(e)  Term of assignment.- The term of assignment is the rest of the term of registration of the mark. 

(f)  Rights of subsequent purchaser.- An assignment of the registration of a mark under this subtitle is void against a subsequent purchaser for valuable consideration without notice of the assignment unless the assignment is recorded with the Secretary of State: 

(1) within 3 months after the date of the assignment; or 

(2) before the subsequent purchase. 
 

[An. Code 1957, art. 41, § 3-106; 1992, ch. 4, § 2; ch. 48.]