Written by Igor Demcak
CEO & Legal Mind
To buy an existing trademark, you first need to contact the trademark owner. The ownership details are public, and you can reach out to the owner after the initial search. First, it is crucial to determine whether the owner is interested in selling the trademark.
If it is tied to an existing and functioning brand, the likelihood of a sale is relatively low. However, if you contact the owner and they express an interest in selling the trademark, you can start negotiating the price and other details of the sale. In this case, it is advisable to sign a contract with all the transaction details so that if problems arise, you have the contract to fall back on. With this agreement, it is possible to apply to the given intellectual property office for a change of ownership of the trademark.
It is important to note that this transaction is a legal process, and it is a good idea to check with your legal representative that all the transaction details are correct to avoid problems.
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