Trademarks are a key component of any successful business marketing strategy as enable them to identify, promote and license their services or goods in the marketplace along with distinguish these from those of their competitors, thereby cementing customer loyalty. A trademark symbolizes the promise of your respective quality product and in this global and increasingly electronic marketplace, a trademark is often the only way Procedure for Transfer of trademark in India customers to identify a company’s products and services. Trademark protection hinders moves to “free ride” on the goodwill of a company by using similar distinctive signs to market inferior or similar products or services. Loss, dilution or infringement of a high-value trademark could prove devastating to a business.
World Intellectual Property Organisation (WIPO) is a specialised agency of the United nations (UN) which oversees the effort of international registration of trademarks through Madrid Application.
Although it is extremely hard to obtain an ‘international trademark’, whereby a single trademark registration will automatically apply around the world, the Madrid system permits the filing, registration and maintenance of trade mark rights in more than a single jurisdiction on a global basis.
The Madrid will be administered by the International Bureau of the universe Intellectual Property Organisation in Geneva, Europe. The Madrid system comprises two treaties; the Madrid Agreement Concerning the International Registration of Marks, which was concluded in 1891 and entered into force in 1892, and the Protocol Relating to the Madrid Agreement, which came into operation on 1 April 1996. The Madrid Agreement and Madrid Protocol were adopted at diplomatic conferences held in Madrid, Spain.
There are many significant recent developments trademarks Law Vis a Vis Madrid system. The accession of United States and European Union to Madrid Protocol on 2nd November 2003 and 1st October 2004 respectively is considered important as development.
A record 36,471 international trademarks applications were received in 2006 by wipo under Madrid system. This represents 8.6% increase on figures for 2005.
No. Of developing countries witnessed significant growth in international trademarks filing in 2006.China is the most popular designation for international protection because of that ever growing economy and trade choices.
WIPO also promotes use of electronic communication for processing of international software pacakages. In April 2006, WIPO introduced a new online international trademarks renewal service enabling users to maintain their trademarks rights quickly and efficiently, about 22% renewals recorded electronically.
A number most recent improvements, including new search facilities, were also introduced towards ROMARIN database that contains information regarding all international marks which usually currently in force in the international trademark register. As from January 1, 2007, the ROMARIN data base was created available, free-of-charge, over a WIPO web internet page.
India is also considering and is certainly inclined towards granting accession to the Madrid system. India is beginning to comprehend the various advantages of acceding to the Madrid System, most importantly that, the applicant for an International registration is forced to file only one application, pay one fee in local currency, and is not required at least initially, to submit foreign powers of attorney. Renewals, assignment recorders, changes of name and/or address of a world registration may have filing one document with the International Bureau. Moreover, the payment of any filing fee and preparation of merely one application should result in savings in legal service fees.
India has asserted it would join the Madrid System after making due preparations, including modernisation of its trademark offices. Investment and action in this direction should be expedited and Indian providers of services and goods enabled to spending more than system without further delay. It should likewise be noted that the Madrid System doesn’t prevent trademark owners from routing their application through the IP offices of member-countries other than their own. If India does not accede to the software early, Indian businesses may be instructed to put in their international applications off the IP offices of third countries by setting up minimal operations prescribed for this specific purpose.