HOW DOES TRADEMARK REGISTRATION MATTER IN BUSINESS CONTEXT?
If you own a business and want to ensure that it is recognizable by the general public, you must put a legal mark on it. The “trademark” is the symbol that represents your business. This is like any other intellectual property that can be steel easily without anyone taking account of it. Trademark registration in Mumbai or any part of India is what makes theft so, tough. With this type of registration, you may protect your trademark from infringers by taking them to court and suing them for monetary damages. This Trademark Registration is the reason Pepsi, Amul, Reebok, and other global behemoths have been able to maintain their dominance over the economic world for so long.
To believe the experts of Trademark Registration is a gift that you can give to upgrade your business. It helps to protect your enterprise. And, so Trademark Registration acts as a shield for the brand of the company that can protect it from infringers. As it ensures that while the protection is active, you are the exclusive owner of the brand. When as an owner you are going for Trademark Registration in Mumbai or anywhere in India, then remember it is valid only for a finite time. According to the trademark registration laws, one cannot enjoy the rights to their brands for more than 10 years.
Renewal related to your logo/symbol can be very easily be done when you have hired the best CA firm in Mumbai. However, the purpose of this article is not to stop you from thinking about the absoluteness of this PROTECTION- but how valuable this protection can be to what extent.
The duration of Trademark Registration is well defined under the Trade Mark Act, 1999. Section 25 of the 1999 Act provides that the registration of a Trade Mark shall be 10years long and can be very easily be renewed for another 10 years from the original date of expiration of the first time registration. Also, it comprises of last renewal of registration, subject to payment of renewal fees, and so is the current application is made in the prescribed manner.
However, what is written above is the law that one needs to be aware of but, one very easily can make Trademark Registration in Mumbai as an asset for lifelong as law never prohibits the application to renew its life duration.
As a result, we may also claim that the life or duration of a Trade Mark is unlimited if certain conditions, such as renewal costs, are met.
As a result, trademarks are often described as timeless and eternal. There are no legal limitations on the length of time a trademark can be registered for or the number of times it can be renewed.
ELIGIBILITY CRITERIA RELATED TO TRADEMARK REGISTRATION
As a business owner, you may not be aware of the core details related to the eligibility criteria of it, they are as follows:
- Your trademark should be ‘Unique’
- The trademark should not be similar to anyone existing in the market
- The trademark should also be different from the existing one -reflecting your product/services to your customer
We here at the Trademark Registration in Mumbai, have worked hard to give one-stop solution are as follows:
- Collection of the total information and then, stating the process with the CA expert
- Drafting of the ‘application’
- Final reviewing the draft & making changes, if required
- Finally, filling the ‘application’
HOW WISE IS IT TO RENEW A BRAND NAME?
When we look at it from a business point-of-view then up-gradation and recognition then we shall find that Trademark Registration in Mumbai is very considerably from the legal protection view.
If we look at it from a business perspective, we can see that once a Trademark is registered, it becomes an asset for the company, and because it is an intangible asset, there is no physical decay, thus its economic life is also limitless. However, just because something is intangible doesn’t mean it can’t go away. A Trademark Registration, like many other assets, is subject to government regulations. And the government can revoke the protection it offers whenever it sees fit. Is it feasible to assure that your brand is protected indefinitely? Both yes and no.
The expensive fees required to keep your brand afloat are the solution to your inquiry.
After going over everything so far, keep in mind that making a trademark’s life infinite takes a lot of effort because it’s not just about the renewal fees; it’s also about maintaining the Trademark Registration value in Mumbai, which necessitates continuous market research in a strategic manner that represents the entire business planning.
This study must be conducted with the assumption that someone, somewhere is keeping a watch on your brand, intending to exploit it as soon as you stop paying attention to it.
It is possible to believe that after registering a Trademark, the logo/symbol is well protected for ten years (as required by law), but this is not the case if the Trademark is no longer in use or has no cost value because as without any doubt it is alive in the eyes of the law body, but when it comes to true business senses its life and validation has reached to ZERO.
In this verbiage, we can very well generalize that the registration of the trademarks varies that is, that the duration of the trademark as compared to hi-tech and well-innovative software driven industries like the software industries are smaller than in consumer goods.
HOW DOES THE LIFE OF A TRADEMARK MATTER?
It matters in every aspect. The protection related to trademark registration in Mumbai helps to run a business more smoothly in the long run of your business. Today, because of the digital era one can get Online Trademark Registration in Mumbai without any problem as when everything has gone ONLINE -so are the process related to most of the legal and financial works. The Trademark Registration Online has good strength to increase your business outreach as it also helps to retain your place in the market that has everything but forgotten about your presence. So, the answer to the life of the trademark registration is important because all you need to do is keep the renewal to trademark registration renewal in the loop.
WHAT IT IS TO HAVE A TRADEMARK REGISTRATION?
Every city has its significance related to trademark registration both online and offline. For example: if we are talking about Kolkata – one of the metro cities where Cosplay, Technology, DurgaPooja, and many other things are the way to relevant. You see that all these entities have proper trade associated with them and they fetch profits from them that they wish to try. For hassle-free and credibility in the market, you need to protect the trademark that you have chosen. And this very authenticated and well-authorized legal protection will be provided to you when you apply for Trademark Registration Online in Mumbai.
We are the best-known Chartered Accountant and an official legal firm for Trademark Registration Online in Mumbai. When you are coming to us worry no more about the legal sanctions related to your trademark logo because we have experts on board.