The importance of Trademark registration is an important concept that each business should focus on. In this digital age, protecting your trademark is crucial more than ever. Furthermore, not having a trademark registration can seriously damage your business. Besides, you will not have any legal rights to protect its brand value if someone misuses it. On the other hand, registering a trademark provides innumerable advantages. In this article, we will get to know about the importance of Trademark Registration in India.
Know about Trademark
A trademark is a logo or graphical image used to distinguish one product or service from another. For example, an organization’s name or logo, a brand, or a product.
In other words, It is a vital sign that identifies your business and helps clients distinguish you from your competitors. Moreover, Trademarks are similar to the branding of the company.
However, it may also include numerals, graphics, illustrations, three-dimensional features such as product type and packaging, and non-visible signs such as tones, scents, or color hues.
Importance of Trademark registration in India
There is significant importance of Trademark registration in India. Let us understand it for some considerable reasons.
Significance of Trademark for Brand Recognition
Many companies in the industry offer a wide range of goods and services. So, if you’re starting a new company or organization, the first step is to differentiate yourself from the competition.
Therefore, By trademarking a brand logo or a company name, one distinguishes one’s services and products from those of competitors. In addition, one’s intellectual property gets legal protection. In other words, It prohibits competitors from copying or stealing their brand and its value.
Protection While Expansion in Global Marketplace
In many countries, including India, it is not mandatory to get Trademark registration while commencing business. But expanding in a global marketplace without a trademark is a vulnerable task as someone in foreign can misuse your company’s branding. Therefore, When a corporation acquires a registration before beginning to commence a business in the foreign nation, it secures its position and protects its trademark rights while giving it the time to grow its business.
Trademarks- A valuable Asset
Only a few people know that, For a corporation/business, a registered trademark could be a valuable asset. Consequently, these assets grow as a company grows. Businesses can also use the trademarks as an asset to earn extra income by renting or selling them out.
Trademark Registration is indestructible.
Once a trademark is registered, it can be used indefinitely. Any trademark that a company registers is theirs forever. Moreover, the trademarks need to be renewed only after a decade.
In conclusion, trademarks are valuable assets that are inexpensive yet valuable in many ways. Therefore, whether you are a startup or an established business, you must get Trademarks as soon as possible to take your business to new heights.
Moreover, If you want any other guidance concerning Trademark Registration, please feel free to contact us at 8881-069-069.
Now you can also Download E-Startup Mobile App and Never avoid the newest updates associating with your business.