(a) A mark and its registration under this chapter are assignable with the goodwill of the business in which the mark is used, or with that part of the goodwill of the business connected with the use of, and symbolized by, the mark.
(b) An assignment must be made by a properly executed written instrument and may be recorded with the secretary of state by:
(1) filing the assignment; and
(2) paying a recording fee to the secretary of state.

Terms Used In Texas Business and Commerce Code 16.061

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005

(c) If an assignment has been properly filed for record under Subsection (b), the secretary of state shall issue in the assignee’s name a new certificate of registration for the remainder of the term of the mark’s registration or last renewal.
(d) The assignment of a mark registered under this chapter is void against a purchaser who purchases the mark for valuable consideration after the assignment is made and without notice of it unless the assignment is recorded by the secretary of state:
(1) not later than the 90th day after the date of the assignment; or
(2) before the mark is purchased.
(e) An acknowledgment is prima facie evidence of the execution of an assignment, and when recorded by the secretary of state, the record is prima facie evidence of execution.

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