07/08/2018
Short answer: yes 🍾⠀
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If you are planning on selling your business or a division of it, your trade mark portfolio will usually form a valuable part of the assets being sold. Things for you and the purchaser to be mindful of include:⠀
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➕before the sale ensure all of your registrations and trade mark licences are up to date and able to be transferred;⠀
➕ ensure that your intellectual property is appropriately priced (an experienced IP valuer can assist with this);⠀
➕ ensure you have an appropriate sale agreement in place which covers your intellectual property;⠀
➕ when the sale completes, ensure the Trade Marks Register is updated with the new owner’s information;⠀
➕ the purchaser should ensure that it has the intention to use the trade mark in relation to the same goods and services (and not trade mark squat which could cause the trade mark to be cancelled).⠀
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You should also consider whether granting a licence of your trade mark is a better alternative for your business. Trade mark lawyers can provide you with all the sale or acquisition advice your business will need and guide you through the process.