A trademark is a distinctive identity which is unique to the item or service the individual is offering or selling when compared to similar products or services.
A trademark that has been registered is an intellectual property asset or asset of businesses that could be used to protect the company's investment by registering its trademark or the image.
A trademark can become registered only when it's distinct from the service or product that is being provided. Trademarks that are registered as being similar to or identical to an existing trademark cannot be registered. Also, trademarks that deceive consumers by being consumers with their unique, offensive, identical, exclusive emblems, which are protected and protected.
The country of India trademarks are registered by the Controller General of Patents Designs and Trademarks, Ministry of Commerce and Industry, Government of India. Marks that can be registered within India may be registered in accordance with the Trademark Act, 2016 and permits trademark owners to be able to sue for damages should trademark violations be committed.
The benefits from trademark registration
The most significant reason to have trademark registration is the ability to protect the brand and business by expressing the spirit that is the foundation that is the hallmark of business. Additionally, the brand that has a strong reputation can act as an instant connection between the customer and the product by making sure they're reliable and in contact to the business for a longer length of time.
The trade mark registration services gives credit to the person who created the service or product. The trademark registration ensures the quality of products and services. A trademark registered can aid in the marketing of services and products.
Meaning of registration of trademarks
It's clear from the above that it's beneficial while operating a business. Let's take a look at the benefits of trademark registration by business setup in Dubai:
·A TM doesn't stop
As mentioned previously, trademarks are granted with duration for 10 years. The validity of the trademark can be renewed at any time after 10 years before expiration. Therefore, trademarks are in effect for until the time the company exists and perhaps even longer!
·A TM functions as a powerful shield
It is for any business owner must make sure that their company is secure from competitors. If the trademark they created already is registered as a trademark that is owned by someone else and the business lose goodwill in the marketplace and also the ability to stop other people to use the mark. Therefore protecting the trademark is crucial to safeguard the trademark or business which further assists the person by preventing other people from using identical trademark.
·A TM can be affordable
The price for trademark is a one-time expense. Additionally, the duration and procedure for trademark registration have slowed down in a positive way. Registration of trademarks can take anywhere between six months to one year to complete the applicant for trademark registration.
Additionally, if the trademark is registered, it's valid for 10 years. It is able to be renewed each 10 years prior to the expiration date of the registration.
·A TM can be an asset that is worth having
A trademark registration is a major benefit for any brand or company that adds an image of goodwill to the company. This in turn increases the value of trademarks as is the growth of the company. In actuality, a trademark can be traded, transferred, or purchased. It is also possible to obtain loans that are similar to other tangible assets.