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A Transfer of Trademark Agreement becomes necessary when a business wants to sell, assign, or otherwise transfer ownership of its trademark rights to another entity. This document is crucial in the United States for ensuring compliance with federal trademark law and USPTO requirements. The agreement typically covers all aspects of the transfer, including the marks being transferred, associated goodwill, representations about ownership and validity, and recording requirements. It's commonly used in business acquisitions, brand sales, or corporate restructuring where intellectual property assets need to be transferred. The agreement must comply with the Lanham Act and other relevant federal and state trademark laws to ensure the transfer is legally valid and enforceable.
