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Simple English definitions for legal terms

anti-assignment-in-gross rule

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A quick definition of anti-assignment-in-gross rule:

The anti-assignment-in-gross rule is a law that says if someone tries to sell a trademark without also selling the business it represents, the sale is not valid. This means that the new owner of the trademark must also own the business that uses it. If the original owner stops using the trademark, it could be considered abandoned. An assignment is when someone transfers their rights or property to someone else. There are different types of assignments, such as absolute assignments where the original owner has no more rights, and conditional assignments where the new owner only gets the property if the original owner doesn't pay back a loan.

A more thorough explanation:

The anti-assignment-in-gross rule is a legal doctrine that states that an assignment of a trademark without the goodwill associated with it is invalid. This means that if a company transfers its trademark to another party without transferring the business's goodwill, the assignment is not legally valid.

For example, if a company sells its trademark to another party but does not transfer the business's goodwill, the assignment is not valid. This is because the trademark is only valuable when it is associated with the goodwill of the business.

It is important to note that trademark rights are not destroyed when a mark is assigned in gross. However, if the assignor fails to continue using the mark and the transfer is ineffective, it may result in abandonment of the trademark.

Overall, the anti-assignment-in-gross rule ensures that trademarks are only transferred with the goodwill of the business, which is necessary for the trademark to have value.

Anti-Assignment Act | antibootleg

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23:39
you all are so sweet
lilypadfrog
23:39
what is a federal clerkship
shaquilleoatmeal
23:40
15/15 - dolph patience is a virtue lol I promise at the end of the cycle I’ll you. Damn info you’re killin it, chi interview and bu !? Jeopardy, did I miss somethin ?!
JumpySubsequentDolphin
23:40
@lilypadfrog: you get the vision
23:40
@JumpySubsequentDolphin: thats rwally good
23:40
@shaquilleoatmeal: once upon a time i was on jeopardy
texaslawhopefully
23:40
@lilypadfrog: working in a judge's chambers for a year or two
lilypadfrog
23:40
twice upon a time
23:40
9/10
23:40
four times upon a time but twice upon a time i won
lilypadfrog
23:41
@texaslawhopefully: Tex u would lose jeopardy it’s the other way around
23:41
@texaslawhopefully: i believe she was doing the jeopardy bit
texaslawhopefully
23:41
Well I'm completely socially unaware lmao
JumpySubsequentDolphin
23:42
@texaslawhopefully: what is a federal clerkship?
JumpySubsequentDolphin
23:42
did I win
you won my heart jumpy <3
lilypadfrog
23:42
girl who has been on lsd.law for two cycles and remains blissfully unaware of what a clerkship is would be a good bit
23:42
goodnight chatroom crew
texaslawhopefully
23:42
Yeah I probably should have known better
texaslawhopefully
23:43
goodnight info man and good luck tmrw! you're going to kill it
Proud of you, Info!
lilypadfrog
23:43
bye bye info man
23:43
Jumpy that was good too youre cooking
JumpySubsequentDolphin
23:43
@IrishDinosaur: ly <3
JumpySubsequentDolphin
23:43
@JohnLennon: rate it
23:44
8
Dkk
0:24
@info-man: that's cool. I love jeopardy.
should we be expecting any waves tomorrow?
texaslawhopefully
0:49
maybe chicago
good luck then to all u chicago applicants!
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