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<section article="gbr" article_name="Business Regulation" number="1-411" title_number="1" title_name="Definitions; General Provisions" subtitle_number="4" subtitle_name="Trademarks, Service Marks, and Trade Names">
  <level label="a">
    <text>A mark and its registration may be assigned with:</text>
    <level label="1">
      <text>the good will of the business that uses the mark; or</text>
    </level>
    <level label="2">
      <text>that part of the good will of the business connected with the mark.</text>
    </level>
  </level>
  <level label="b">
    <text>The assignment shall be by a written, signed instrument.</text>
  </level>
  <level label="c">
    <text>A person may record the assignment of registration of a mark by:</text>
    <level label="1">
      <text>submitting the instrument of assignment by an officer of the assignor to the Secretary of State; and</text>
    </level>
    <level label="2">
      <text>paying to the Secretary of State a fee of $10.</text>
    </level>
  </level>
  <level label="d">
    <text>The Secretary of State shall record an assignment of the registration of a mark and issue a new certificate of registration in the name of the assignee to each person who meets the requirements of this section.</text>
  </level>
  <level label="e">
    <text>The term of assignment is the rest of the term of registration of the mark.</text>
  </level>
  <level label="f">
    <text>An assignment of the registration of a mark under this subtitle is void against a subsequent purchaser for valuable consideration without notice of the assignment unless the assignment is recorded with the Secretary of State:</text>
    <level label="1">
      <text>within 3 months after the date of the assignment; or</text>
    </level>
    <level label="2">
      <text>before the subsequent purchase.</text>
    </level>
  </level>
</section>
