Ludhiana is a large industrial city in the north Indian state of Punjab. Under the ease of doing a business ranking report, World Bank has announced Ludhiana as the best city to do business. Ludhiana is among the list of smart cities that will be developed by the government of India. Ludhiana has made rich contribution in the economic growth of Punjab and hence can be a suitable place to start a business. 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 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, NGOs
- Banks, Insurance companies, Financial institutions, Stock Market Intermediaries
- Government Ministries, Departments, and Agencies
- Schools, Colleges, Institutions and Universities