Nagpur is an emerging metropolis city in the central Indian state of Maharashtra. It is good to start a business in Nagpur, as it is one of the major commercial centres for innovative groups of people for introducing new technologies. According to an Oxford Economics report, Nagpur is projected to be the fifth fastest-growing city and is an upcoming Smart City in India. Hence Nagpur could be a suitable place to start your business. Once you have started a business it becomes essential to register the trademark and protect your brand identity.
Intellectual Property Rights are a very important asset class for any business, startup, or enterprise. Developing and protecting intellectual property such as Trademark, Patent, Designs, Geographical Indication (GI) with proper registration can help them to gain a competitive advantage. It is essential to obtain trademark registration for the business name/trade name under the Trademarks Act 1999. A trademark protects the owner of the mark by ensuring the exclusive right to use it or grants another person/entity the right to use it in exchange for an agreed consideration.
A trademark (also known as a brand name) may be a name, signature, word, letter, numeral, symbol, logo, device, packaging labels, tagline, the shape of goods, or any combination thereof to distinguish it from other similar goods or services originating from another seller. It is a distinctive sign which identifies certain goods or services as those produced or provided by a specific person or enterprise.
Who can file an application for Trademark Registration?
- An Individual Person
- Joint Owners
- Proprietorship Firm
- Partnership Firm
- Limited Liability Partnership
- Indian or Foreign Companies
- Trust, Society, NGO’s
- Banks, Insurance Company, Financial Institution, Stock Market Intermediaries
- Government Ministries, Departments, and Agencies
- Schools, Colleges, Institutions and Universities