Is it correct that an ownership change should not be deposited until after that change is reflected in the record of the relevant trademark office?

No, you can already report a change of ownership even though it is not yet reflected in the records of the relevant trademark office. You should however provide us with the template transfer/assignee declaration available on the website of the Clearinghouse in order to evidence the change in ownership and select “assignee” as the status of the trademark holder.

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