Trademark Registration In India
Trademark is a symbol or word legally registered as representing your company or product.
Trademark can be defined as a design, a logo, an expression or anything that resembles an organization or a product belonging to a certain person or a firm or an organization. It is also termed as “Service Marks”
Trademark protects businesses from competitors stealing their identity or using a name so similar that it could cause confusion for customers.
Trademark is also important because they help consumers find and identify your company.
7 REASONS WHY TRADEMARK IS ARE IMPORTANT TO YOUR BUSINESS
When can I use (TM) symbol?
You can use (TM) mark as soon as the Trademark application is filed and you receive acknowledgement receipt. (R) mark can be used once trademark is registered.
What is Class of Trademark?
Knowing the correct class of trademark under which your brand name to be registered is the key element in successful trademark registration.
In all, there are 45 classes in Trademark, in simple terms these are 45 different business segments. These classes are broadly divided into 3 categories.
Manufacturing: Class 1 to 34
Trading: Class 35
Services: Class 35 to 45
Identifying under which exact class your business/product/service falls is important.
Wrong classification may lead to wrong trademark application and waste of time, money and losing of your brand name to your competitors.
What is the time validity of trademark?
Trademark, the word is a combination of TRADE and MARK, means a mark which is used in trade, commerce or business. If you close down your business, in legal sense, if you do not carry on any business under your trademark then it will cease to exist. However in practical sense the trademark registry will continue to show your trademark alive unless it is withdrawn by you or it expires after 10 years of registration, due to non-renewal.
When should we renew the trademark registration?
Every 10 years the trademark to be renewed, so that you can use your trademark for indefinite time.
Can I sell my trademark?
Yes, As we know that trademark is an intellectual property of the owner, as other property can be sold for a price, the same way a trademark can be sold for a price.