Who owns the trademark in the process of trademark transfer?

Paragraph 4 of Article 42 of the Trademark Law stipulates that after the transfer of a registered trademark is approved, it shall be announced. The transferee shall enjoy the exclusive right to use the trademark from the date of announcement, that is to say, during the period of trademark transfer, the trademark right still belongs to the transferor, but during the period of trademark transfer, the transferor and the transferee may sign an exclusive license in the trademark use license, so that the trademark can only be used by the transferee during the transfer period.

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