Section 39 of the Trade Marks Act, 1999 – Assignability and transmissibility of unregistered trade marks

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Section 39: Assignability and transmissibility of unregistered trade marks

An unregistered trade mark may be assigned or transmitted with or without the goodwill of the business concerned.

Source: official text of The Trade Marks Act, 1999 as published on India Code (PDF). All sections of the Trade Marks Act, 1999.