Importance of Trademark Registration in India is governed by Controller General of Patent Design and Trademarks, Ministry of Commerce and Industry, Government of India. Trademark in India is done for word, name, logo, numerals, slogan, and device. Trademark Registration provides an exclusive right to the owner. Trademark Registration distinguishes the product from other similar product from other businesses. Trademark proves as intangible assets for the owner and protects the brand for a long time. Trademark provides an exclusive right to the owner to use such words, logos, and slogans.
Trademark in India is registered under Trademark Act 1999. Trademark registration is divided into different categories, which is determined by the nature of the business and the activity they manage. In total there are 45 classes for different products and services. The Authority keeps track of every trademark registered. A registry is maintained for particular goods and services. Thus, it is important while registration to mention the class of the product or service to be registered. Once the Trademark is registered it remains valid for 10 years. However, it can be renewed for next 10 years if the application is made within the stipulated time.
With the rising awareness about intellectual property number of trademark registration is increasing in India. Infringing the registered trademark can have a lot of legal consequences and liability. Infringement may happen if one party uses a trademark which is identical or too similar to a trademark which is already registered by another party, in relation to a product or service which are identical or similar to the product or services which the registration covers. Trademark infringement is unauthorized use of a trademark without knowledge of the registered owner or any licensees. Hence, it is beneficial to get the Importance of Trademark Registration before it is too late.
The startup ecosystem in India is very energetic and dynamic. Whether it's disruptive technolog...
The importance of NBFCs, or Non-Banking Financial Companies, has increased in the Indian financ...
With the growing popularity of the investment instrument, Alternative Investment Funds (AIFs) h...
The Securities and Exchange Board of India (SEBI) has recently proposed a review of the categor...
The regulatory organizations in the recent years have focused more on efficiency, investor prot...