Gurgaon is a city just southwest of New Delhi in northern India and is known as a financial and technology hub. In recent years the city has emerged as a startup hub in India as it consists of one of the most successful startups that are providing great services to its customers and also contributing to India’s economy. Moreover, it has local offices for more than 250 Fortune 500 companies.
Therefore, the scope of setting up a business can turn out to be quite beneficial as well as profitable. When it comes to business, it becomes important to point out the essentiality of trademark registration of your new or existing business.
Intellectual Property Rights are an essential asset class for any business, startup, or enterprise. Developing and protecting intellectual property such as Trademark, Patent, Designs, and 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 label, 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, NGOs
- Banks, Insurance Companies, Financial Institutions, Stock Market Intermediaries
- Government Ministries, Departments, and Agencies
- Schools, Colleges, Institutions, and Universities