This article is all about the trading trademarks for assignments, mergers, and Transmission. As...
Having trademark registration allows companies to establish their brand identity. Therefore applying for trademark becomes one of the most important steps for companies. The Micro, Small, and Medium-Sized Enterprises have also realized the value of trademark registration therefore, they are also going forward with it. The MSME trademark registration involves a simple and cost-effective process. In this article, we shall have a look at it.
MSME Registration or the Udyog Aadhaar Registration is a scheme that was started by the Indian Government to encourage and facilitate the growth of small-sized enterprises in India. This registration scheme provides many benefits to MSMEs in India.
Applicants can apply for this registration by going to the official website and applying online. Further, MSMEs are classified into manufacturing enterprises and service enterprises.
A trademark is a brand name, logo, or a symbol that differentiates the products and services of a company from another company. It helps the consumers to distinguish between your brand and your competitor’s brand. It may be anything like a number, a word, phrase, or colour palette that sets your business apart. Trademark creates brand value or image for a company.
The trademark registration process for MSME involves the process by which MSME companies secure legal protection of their brand name, logo or symbol, etc. It serves as the first step of establishing the brand name for any MSME.
The following things are eligible to be registered as Trademark in India:
Any mark that is similar to any mark that is existing already will not be accepted for trademark registration by the trademark registry. Moreover, another thing to note is that the applicant’s mark should not be similar to the trademark for which the application for registration has been filed. Apart from that, individuals and companies won’t be allowed to apply for a trademark that can deceive, confuse the general public.
Likewise, trademark that contains the following words cannot be registered:
Trademark registration for an MSME can be beneficial in the following ways:
It helps to become the legal owner of the registered trademark, and no one else has the right to use your registered trademark. It may be noted that no action can be taken if the trademark is not registered with the government. The registered trademark holder can enforce legal action against them who tries to copy the trademark.
One of the advantages of trademark registration is that it helps in establishing a unique identity of the company. No other competitor can apply or use the trademark for similar goods and services.
A registered Trademark acts as an asset for the owner as he can easily sell or allow it on contract basis to another party. It creates intellectual property for the same.
A registered trademark creates trust and goodwill, and quality in the minds of people.
Registration of trademark makes it easier to expand your business within or outside India.
The following points should be known:
The following documents are needed for the registration of a Trademark for an MSME:
It is hereby advised to register your brand names when you are ready to market the product and prior to its launch since the name is unlikely to be changed at this stage and it would have went through internal reviews and considerations.
All trademark registrations are territorial; therefore, if an MSME wants to expand their business abroad, then they should register their trademark in potential countries.
As the Micro, Small, and Medium Enterprises in India gains momentum and as the Indian market opens for foreign competition, it would be a good idea for Indian MSMEs to prepare well for getting their own trademarks and registering them at the earliest. For MSME trademark registration, you can seek the help of a legal professional who will guide you through the entire process.
Read our article:An Overview on Trademark Registration for Partnership Firms