Mumbai (formerly called Bombay) is a densely populated city on India’s west coast and the capital city of the state of Maharashtra. It is also known as the financial, commercial, and entertainment capital of India. It plays a big role in making India the second most fast-growing market in Asia. Being the country’s financial capital, it houses certain financial institutions such as the Reserve Bank of India and the Bombay Stock Exchange.
While Mumbai has more than 77 thousand businesses registered it is important to highlight the need for trademark registration as it plays an important role in the protection of your brand identity.
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. Registration of a company or business in India does not protect your name/brand name against others who might start using identical or similar marks.
A trademark (also known as a brand name) may be a name, signature, word, letter, numeral, symbol, logo, device, packaging label, tagline, 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.
A trademark provides protection to the owner of the mark by ensuring the exclusive right to use it or to authorize another person/entity to use the same in exchange for an agreed consideration.
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