We have worked hard to make the process of either buying or selling a trademark as simple as it can be. We’ve tried to keep it as free from bureaucratic steps or making it too difficult, but there are one or two things we ask people to do to ensure the site is as safe as it can be for buyers and sellers alike.
We have produced three downloadable leaflets that will help with dealing with the parts of the system that may be new or that have numerous steps that need to go for security
Are you interested in selling one of your trademarks but are unsure of the process? Here is a straightforward process with everything taking place on the RedCoin® platform. If you have any further questions that we haven’t covered, please see our FAQs, or drop us a line using the comments box.
Search for a suitable mark, remembering to add the relevant trademark classes and territories you want. Once you have found the mark you want to buy, it may be advisable to check the details are in line with the records of the relevant Intellectual Property Office.
Agree to the sale price or make an offer. You can also contact and communicate with the seller by using the secure messaging system
Deposit the agreed sale amount into the escrow facility – it will remain safe until the completion of the process.
If you’re not an IP professional, contact your trademark attorney or legal advisor and ask them to draw up the transfer documents. Send these to the seller for agreement, signing and sending back to you, all via the RedCoin® platform secure messaging facility.
Once the seller has returned the signed assignment, the money will be released from escrow to the seller; you will be able to file the assignment document with the relevant IPO.
Are you interested in selling one of your trademarks but are unsure of the process? We’ve tried to keep the process as straightforward as possible, with everything taking place on the RedCoin® platform. All the steps are outlined below. If you have any further questions that we haven’t covered, please see our FAQs, or drop us a line using the comments box.
Apply for a seller account: we will need to verify you are the official owner of the trademark, or that you are acting on their behalf.
Decide whether you want to have a standard account and pay for the listings, or a premium one which comes with free listings.
List a trademark either singularly or in multiples onto the system – ensure you get the right territories with the right registration number. Set a price for the marks that you feel hits the right balance between a true value and a level that will sell.
Make sure you check that your listing is correct, up to date and in line with the official record at the IPO. Then wait.
When a buyer makes contact with you through the secure messaging system, discuss the price and terms with them. You have the ability to withdraw from the discussion if you decide not to sell to the individual or company.
Once a price is agreed, sign and return the assignment document the buyer will send you and wait for the fees to be released from escrow.
Are you interested in selling one of your trademarks but are unsure of the process? The first thing you need to do is open a seller account. This will mean you have to be verified to ensure you are legally able to sell the trademark (ie, that you are the owner, their legal representative or acting in another legal capacity, such as a liquidator). All the steps are outlined below. If you have any further questions that we haven’t covered, please see our FAQs, or drop us a line using the comments box.
Select your account: most buyers will be part of the 20:20 Club. The account costs nothing to register, and you pay only £20 per listing and a 20% commission when the mark sells. Please go ahead and register.
If you have more than 300 marks to list, please contact us to discuss a better fit for you.
We will need to verify you are the official owner of the trademark, or that you are acting on their behalf.
Once you are verified, you will need to buy listing credits. You can choose how many you want to buy at any time, but please note that any unused credits expire after twelve months. You can top-up your credits whenever you want. Once you’ve done that, you’re able to start listing your marks: good luck!
Are you worried about the payment process for buying or selling what could be an expensive trademark? We have partnered with Escrow.com – one of the world’s leading and safest escrow providers – to ensure all parties are protected. Whether you are a buyer or seller, you will need to register an account to use the RedCoin® platform. The main steps are outlined below. If you have any further questions that we haven’t covered, please see our FAQ page, or drop us a line using the comments box.
If you wish to buy or sell trademarks on the RedCoin® platform, you will need to use the embedded Escrow.com facility to do this. You can register an account on Escrow.com through the RedCoin platform, or log in to your existing Escrow.com account.
Once you have agreed a price for a trademark, you will be directed to the escrow facility where details of the transaction will be automatically present. A buyer will need to put their money into escrow (either from a credit or debit card, or via a wire transfer).
You now have time to agree and sign any relevant contracts or assignment agreements for the legal transfer of the trademark.
Once both parties are happy with the documents, you alert Escrow.com of the completion of the negotiations and the payments are passed to the seller. If you are unable to reach an agreement on the documents, you are able to cancel the transaction. The money will be returned to the buyer.
