A trademark can be registered on name, word, or symbol. Trademark reflects the goods or service...
The importance of trademark registration has only grown in the last few years as businesses seek to protect their brand identity from infringement. Many companies, proprietorships, and firms opt for registration of trademark as it helps them to focus on marketing. In this article, we shall look at Trademark registration for partnership firms. The application for trademark registration goes through several stages in case of partnership firms.
A trademark is a word, image, or symbol used by a business to distinguish itself from its competitors. Such a logo or symbol, or image becomes the business brand’s identity, thereby becoming valuable to the company. Everything from company’s name to logo may be considered a trademark.
By getting the trademark registered, companies ensure that the name and symbols remain exclusive to them. It prevents others from using the same name, logo or symbol and tricking customers. Therefore trademark registration is as essential as anything in today’s competitive business environment, which helps firms and companies to maintain brand identity.
A person who has entered into partnership with another to do business are individually called as Partners and collectively Partnership Firm. Partnership firms are governed in India by the Indian Partnership Act, 1932. Section 4 of the Indian Partnership Act defines partnership as the relation between persons who have agreed to share business profits carried on by all or any of them acting for all.
It may be noted that a partnership firm is not separate legal entity distinct from its members. It is a collective name given to individuals composing the firm. Such a firm cannot possess property or employ servants. It also cannot be a debtor or a creditor.
The significance of Trademark registration for partnership firms can be deduced from the following points:
Any legal entity or individual may file an application for Trademark Registration therefore, it’s not necessary to own a company or be a business entity to file an application for Trademark Registration in India. Moreover, individuals or business entity may also file application for trademark that they wish to use in future.
According to Indian law, the following entities may file for Trademark Registration:
There are some essential points that one should know before opting for Trademark registration for partnership firms:
The procedure to register a trademark is explained below.
For partnership firms, the following documents are required:
There are numerous benefits of getting Trademark Registration for Partnership Firms. It differentiates your product, gives you exclusive right and also establishes trust and goodwill among customers. The above mentioned information is valuable for partnership firms looking for trademark registration. However, as you would know, this can be a long and tricky process. Therefore you may require the assistance of a professional in filing the trademark application and for answering other related queries.
Read our article:Trademark Transfer Process in India