Intellectual Property Rights are an essential asset class for any business, startup, or enterprise. By developing and safeguarding intellectual property, such as Trademarks, Patents, Designs, and Geographical Indication (GI), through proper registration, they can gain a competitive advantage. Moreover, obtaining a trademark registration for the business name/trade name under the Trademarks Act 1999 is essential.
However, it is important to note that registering a company or business in India does not protect your name/brand name against others who may begin using identical or similar marks.
A trademark (also known as a brand name) can be a name, signature, word, letter, numeral, symbol, logo, device, packaging label, tagline, shape of goods, or any combination thereof, which distinguishes it from similar goods or services originating from another seller.
This distinctive sign identifies certain goods or services as those produced or provided by a specific person or enterprise.
Furthermore, a trademark grants protection to the mark’s owner 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