Outright Gifts at Law Glossary

What is it? Gifts to an individual not made through a trust.

Legal Definition Added By: Joseph

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Legal Term Assignment, in gross is Assignment of a mark without the necessary transfer of goodwill associated with the mark. Such assignments are invalid, and result in abandonment of the trademark. If so, the person to whom the mark was assigned will no longer have the benefit of the assignors earlier first use date to establish priority.

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