A service provided to the owner of the trademark or to a second party to release the mortgage on the trademark and return its ownership to its primary owner.
Service Price and Execution Period
Service Fees:
5,180.00 SAR
Tax:
0%
Government Fees:
1000 SAR
Execution Period:
5
Government Approval Time:
10
Required Documents
If the applicant is an individual, the following must be submitted:
1- The mortgage release contract from the trademark owner (it must stipulate the name of the trademark, the registration certificate number, its date, and its category).
2- Authorizing the buyer to complete the procedures for releasing the mortgage on the mark.
3- Attach a notarized power of attorney or authorization for the person who has the capacity to apply, “a duly certified power of attorney or certified by an apostille certificate.” -If any-.
If the applicant is an institution, the following must be submitted:
1- A contract to release the mortgage from the trademark owner on his printed materials, authenticated by the Chamber of Commerce (it must stipulate the name of the trademark, the registration certificate number, its date, and its category).
2- Submitting a letter from the person whose mortgage has been released (the buyer) on his publications to the administration requesting the transfer of ownership, mentioning the name of the trademark, registration certificate number, date, and category.
3- Attach a notarized power of attorney or authorization for the person who has the capacity to apply, “a duly certified power of attorney or certified by an apostille certificate.” -If any-.
If the applicant is a company, the following must be submitted:
1- A contract to release the mortgage from the trademark owner on his printed materials, authenticated by the Chamber of Commerce (it must stipulate the name of the trademark, the registration certificate number, its date, and its category).
2- The incorporation contract of the mortgaged company, to ensure the validity of signing the attached mortgage release contract.
3- Submitting a letter from the person whose mortgage has been released (the buyer) on his publications to the administration requesting the transfer of ownership, mentioning the name of the trademark, registration certificate number, date, and category.
4- Attach a notarized power of attorney or authorization for the person who has the capacity to apply, “a duly certified power of attorney or certified by an apostille certificate.” -If any-.
Service Conditions
Availability of the required documents according to the type of applicant (individual-institution-company).
All contracts with customers are officially documented through Nafath
