Trademark
Trade Mark is the “soul” of a business, and every business should own its right in order to be sustainable and be distinguished from others.
What is Trademark?
Trademark is any form of Brand or trade names used in trade, which has been formalized or recognized by the respective jurisdiction’s laws and regulation either by way of registration or through usage.
What is the purpose of Trademark?
The main purpose of a Trademark is to distinguish the product or services of a proprietor from another who practices trade in the similar industry.
A trademark owner holds the absolute rights of his Brand within the registered jurisdiction and shall has the following rights:
- 1. To monopolise the right to use the Brand;
- 2. To license or assign the rights to another; and
- 3. To enforce proprietary rights in case of infringement.
Duration of Trademark
A registered trademark shall be protected for a period of 10 years and can last forever provided it is renewed every 10 years.
Trademark Classification
Feel free to consult our team now to find out how a trade mark can impacts the success of a business.