Debranding Odoo Backend
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1. Replaces Odoo label in footer
2. Replaces Odoo in page title
3. Replaces Odoo from dialog box, warning or error popups
4. Deleted Support, About links, Documentation
5. Replaces default logo and default favicon to a custom
6. Removes references of Odoo from translations
7. Customize Favicon logo

Updated Features

8. Removes 'send by Odoo' from E-mail footer
9. Removes 'Odoo' from all views

Debranding Odoo Frontend
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1. Replaces Powred By Odoo with custom brand
2. Replaces Odoo in page title with custom brand
3. Replaces copyright footer with custom brand name
4. Replaces About us brand name with custom brand name

Configuring our brand name
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Go to Settings -> Configuration -> Rebranding Configuration, and set Brand information.
Tested on Odoo 8.0 final version