What are the benefits of trademark registration in India?
ADVANTAGES OF TRADEMARK REGISTRATION IN INDIA
- 1- EXCLUSIVE TRADEMARK RIGHTS.
- 2- BUILDS CUSTOMER LOYALTY AND GOODWILL.
- 3- PROTECTION AGAINST TRADEMARK INFRINGEMENT.
- 4- CREATION OF A VALUABLE ASSET.
- 5- DIFFERENTIATES YOUR PRODUCT OR SERVICE.
- 6- TRADEMARK PROTECTION FOR 10 YEARS AT MINIMAL COST.
- 7- USE OF ® SYMBOL.
What are the advantages for registration of a trademark?
Benefits of Trademark Registrations
- Trademark Registrations is an Asset.
- Cost Effective.
- Trademark Registrations is valid for 10 Years.
- Trademark registrations can be enforced against Company Name.
- Protects investment in Advertising & Branding.
- Protects against unfair competition.
- Getting a Trademark Registrations is Easy.
What are the disadvantages of trademark?
The main disadvantage of trademark registration is that you have to pay fees in every 10 years in order to maintain it. Non-payment of renewal fees may cause the removal of the trademark from the register.
How can I register a trademark in India?
India: Process: Trademark Registration In India
- Trademark Registration Process:
- Step 1: Trademark Search.
- Step 2: Filing Trademark Application.
- Step 3: Examination.
- Step 4: Publication.
- Step 5: Registration Certificate.
- Step 6: Renewal.
Do trademarks make money?
But registering a trademark isn’t just an opportunity for entrepreneurs to preserve all of their hard work from getting used by another company – it’s another way to make money too. Some trademarks are worth billions. Google’s trademark value totals a whopping $44.3 billion. Microsoft’s comes in at $42.8 billion.
Who should register a trademark?
trademark owner
The party who controls the nature and quality of the goods and services used in connection with the brand should be the trademark owner. This is an important decision and naming the proper owner for purposes of registration is critical to maintaining a valid trademark.
What is trademark advantages and disadvantages?
Trademark registration is valid for a period of 10 years and wishes to renew after every 10 years. The most disadvantage of trademark registration is that you simply need to pay fees in every 10 years so as to take care of it. Non-payment of renewal fees may cause the removal of the trademark from the register.
What is the cost of registering a trademark in India?
The government fees for trademark registration is Rs. 9000 per application per class for company. The government fees for trademark registration is Rs. 4500 per application per class for individual.
Who gives trademark in India?
The Trade Marks Registry was established in India in 1940 and presently it administers the Trade Marks Act, 1999 and the rules made thereunder. It acts as a resource and information Centre and is a facilitator in matters relating to trademarks in the country.
How much does trademark registration cost in India?
Can I register a trademark outside India?
If one wants to register the trademark in countries other than India, the trademark registered in India can be used as basis of registration there. For any person willing to expand outside India, the trademark registered in India can provide a good base along with the Established Goodwill in the Country.
What are the advantages and disadvantages of trademark registration?
Advantages of Trademark Registration: Exclusive Rights: The owner of Registered Trademark enjoys exclusive right over the trademark. Builds trust and Goodwill: The established quality of your product and services are known by everyone through the trademark and which establishes trust and goodwill among the customers in market.
What is a registered trademark?
Registered trademark is a right created which can be sold, assigned, franchised or commercially contracted. Also, the Trademark is an intangible asset which gives the advantage to the organisation. Once the trademark is registered you can use the ® symbol on your logo stating that it is a registered trademark and no one can use the same trademark.
How long does it take to register a trademark?
The application for the trademark can be filed within a few days and you can start using the “TM” symbol. And the time required for the trademark registry to complete formalities is 8 to 24 months. You may use the ® (Registered symbol) next to your trademark once your trademark is registered and the registration certificate is issued.