What is a Trademark?
A trademark is a pre-determined distinctive sign or a particular service provided by a particular person or business.
Trademarks started off long ago when craftsmen used to sign or put "marks" on their artistic or utility products.
What is the Role of a Trademark?
A Trademark provides protection to its owner by securing the investment right of utilizing the trademark in identifying the goods or services, or by authorizing a third party to utilize the same in return for a fee.
(Trademark protection results in thwarting the activities of those involved in illegitimate competition such as counterfeiters, if they intend to benefit from similar distinctive signs or marks in order to offer different or low-quality products or services).
What is Scope of Trademark Protection?
Trademarks are registered and protected almost in all countries of the world. Every national or regional authority maintains a Register of Trademarks that includes full information on applications, registrations and renewals in order to simplify the processes of inspection, search and objection.
Moreover, there is an international system of trademark registration managed by the World Intellectual Property Organization (WIPO).
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