Discuss the licensing and assignment in Trademark Law.

Trademark law provides two primary means of transferring ownership of a trademark: licensing and assignment. While both involve the transfer of ownership of a trademark, there are important differences between the two.

Trademark Licensing: Trademark licensing is a legal agreement where the owner of a trademark grants another party the right to use their trademark for a specific purpose, typically for a fee. The trademark owner retains ownership of the trademark, but allows the licensee to use the trademark for a specific product or service, within a designated territory, and for a specified time period.

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