TRADEMARK
A Trademark is a graphical mark which is capable of distinguishing the goods and services of one person from other goods and services of another person as defined by the Trade Mark Act (TMA) 1999.
Significance of Trademark:
- Useful in distinguishing similar products in the market, if the products are very closely similar.
- Eliminates confusion and reduces product searching costs.
- Identifies the product on the basis of TMs
- Indicates the origin of product and also establish the relation between goods and people.
- It advertises the product.
- Symbol of Guarantee and assures the original quality of the product.
- A strong trademark can help to increase the value of a business.
Different Trademarks:
- A name
- Alphabet, Numbers, or Letters or any combination
- Image, Symbol, Letters etc
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