Businesses in India are growing at a record rate. From 122721 new firms in 2020, the count increased by a whopping 26% in 2021 and reached 167076 new firms in 2022 with another 7.5% increase. With such a huge growth in the market, the chances of copying someone’s identity and taking undue advantage are also increased. Hence it must be the utmost priority of the firm to first secure its identity through trademark registration. It gives the sole right to use that mark to the registrant and legally prohibits the unauthorised use of that mark. In this article, we will be discussing the complete process to get your trademark registration.
Importance of Trademark Registration In India
A trade mark does not help you to run your business and make money but still is the first priority when you want to start a new business. It gives your business an identity, which will be recognised by your consumers throughout its life. It will create brand value over time and become an asset for your business. At the same time, It will prevent others from using your business name or graphical identity without your authorization to take undue advantage or if the case is different they can also ruin your reputation. They can harm your market image if using your name and provide bad products or services. So whenever you are creating a brand value for a name or identity make sure to get it registered. Otherwise, all your hard work may go in vain.
Who Can Register A Trade Mark in India?
The following parties can file the trademark application for the trademark registration-
- Individual
- Partnership Firm
- Body Corporate
- Limited Liability Partnership
- Society
- Trust
- Government Department
- Statutory Organisation
- Association of Persons
- Hindu Undivided Family
What Can Be Registered As A Trademark in India?
Anything that graphically represents your identity and distinguishes you from others can be registered as a trademark. It can include-
- Letters
- Numbers
- Colour
- Colour Combinations
- Graphical Designs
- Three-Dimensional Shape
- Sounds