Article 148 of the Industrial Property Code numbered 6769
("IPC") regulates that industrial property rights can be
subject to various legal transactions, such as transfer, seizure,
and collateral. One of the permitted legal transactions is that
industrial property rights, including trademark rights, can be
subject to license agreement. Article 24 of the IPC clearly states
that "The trademark right may be subject to a license for
a part or all of the goods or services for which it is
registered". Within this scope, the 'right of
use' of the trademarks, except for guarantee marks, may be
transferred to a third party.
The feature that distinguishes the license from the inheritance
and transfer of the trademarks is that the essence of the right is
transferred to a third party in the event of inheritance and
transfer, while the licensee has only the right to use the
trademark with the license.1
