Benefits of Trademark Registration

Published On: Jul 31, 2017Last Updated: Oct 14, 20233.7 min read

Overview of Trademarks

A trademark is any symbol, slogan, tagline, a combination of letters or words symbol or signs capable of distinguishing the goods and/ or services of one person from another. It helps in the identification of the source of a product. A trademark is a unique symbol that distinguishes your goods and/ or services from others. The blog discusses some of the benefits of trademark.

A good trademark shall be easy to speak and remember, and the same must not lose its uniqueness and distinctive character that makes the trademark different from another. Decision of a consumer approaching for purchasing any goods or services are highly influenced by the goodwill and reputation of the brand. In India, trademarks that are registered with the trademark registry is generally perceived as reliable brand. Furthermore, it is also fair to perceive that registered trademarks are reliable as a trademark is an identification of the source of a product. Therefore, every registered trademark owner would be more cautious of selling a low-quality brand as it would affect their brand identity.

Every entrepreneur should be aware of the benefits of trademark registration.

Benefits of Trademark in India

  • Exclusive Rights: 

    Registered trademark owners enjoy exclusive rights over the trademark. The owner can use the same for all the products falling under the class(es) applied. Further, the owner can enjoy exclusive ownership of the Trademark.

    A registered trademark gives you an exclusive right to take legal action against a party who attempts to violate your right by making unauthorized use of your trademark
  • Builds Trust and Goodwill: 

    Other benefits of having a trademark are that it helps in the establishment of trust and goodwill in a brand. The established quality of your product and services is known by everyone through the trademark. The trust and goodwill in a brand increase when it becomes popular among consumers. It helps in creating permanent customers who are loyal and always opt for the same brand.

  • Differentiates Product: 

    The purpose of a trademark is to have a distinguished brand identity. This is also one of the benefits of a trademark. This means, that a unique brand identity creates a brand appeal and attracts relevant consumer markets to buy a product. It gets easier to market or commercialize a product with a unique brand identity which is in line with the market requirements. It creates a unique identity for you among the competitors. The brand identity lets you communicate your vision, quality and various other features of your product as well as the business enterprise.

  • Recognition to Product’s Quality: 

    It gives recognition to the quality of the product. Customers attach the product’s quality with the brand name and this image is created in the market about the quality of a particular brand which helps in attracting new customers as they can differentiate the quality of a product by the logo/brand name.

  • Creation of Asset: 

    Trademark is intellectual property. Having a trademark is an asset. A registered trademark is a right created which can be sold, assigned, franchised or commercially contracted.

  • Use of ® Symbol: 

    Once the trademark is registered you can use the ® symbol on your logo stating that it is a registered trademark and no one can use the same trademark. If a third party violates your registered trademark then you have a right to bring legal action against the infringer.

  • Protection For 10 Years at Low Cost: 

    Online Trademark registration is done at a very low maintainability cost. Once you register the trademark you have to just pay the renewal cost and the same is to be paid every ten years of registering the trademark. It is cost-efficient and helps your company create a unique image.

  • Global Trademark Registration: 

    Having a registered trademark in India does not grant you global trademark registration. If one wants to register the trademark in countries other than India, then the trademark registered in India can be used as a base trademark application. From having a base trademark application, it gets easier to file a trademark application in foreign countries.

  • Attract Human Resources: 

    Young minds aspire to join big Brands as it acts as a magnate. It inspires a positive image of the organisation and thus candidates are attracted to them easily. Hence, brand name registration reduces the cost of hiring and related activities.

 

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CS Prachi Prajapati
About the Author

CS Prachi Prajapati

Company Secretary with a forte in content writing! Started as a trainee, she is now leading as a Content Writer and a Product Developer on technical hand of LegalWiz.in. The author finds her prospect to carve out a valuable position in Legal and Secretarial field.

8 Comments

  1. Elva 25/08/2017 at 10:23 am - Reply

    hello…… i like it your wesite..nice your information .evryone like this site….Even in this day and age, there are literally endless combinations of words and phrases available to register as domain names for your new website.
    . thanks for great infomation sharing…

  2. Elva 25/08/2017 at 8:03 pm - Reply

    hello…… i like it your wesite..nice your information …everyone like this site..Trademark Registration: To Become Legal Owner of The Brand Name??? thanks for great infomation sharing…

  3. Lex 29/08/2017 at 10:22 am - Reply

    The above mention points tells everything about trademark registration ,, such a nice content written in layman language.

  4. Labdhi Kockar 03/01/2020 at 6:40 am - Reply

    No, you can send a Legal Notice on the basis of misuse or infringement of the brand name taken. However, If anyone wishes to file the same name with same business activity, the trademark registry shall raise an objection on the application.

    Also, if you have registered Company with MCA, it is very difficult for anyone to get the same name in similar business activity.

  5. devahk 09/08/2021 at 7:49 am - Reply

    Thank You For Sharing Valuable Information. It is really important to register your trademark to avoid future conflicts thanks for sharing!

  6. Alicia owens12 31/12/2021 at 10:52 am - Reply

    The benefits of trademark registration far outweigh the cost of registration. Although its value cannot be evaluated in financial terms at this time, the market turnout provided by a registered trademark plays an important part in the growth of a company. As a result, file a Trademark Registration application as soon as possible before someone else does.

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  8. Ramiro Maclennan 11/03/2023 at 1:49 am - Reply

    This website was… how do you say it? Relevant!! Finally I’ve found something that helped me. Many thanks!

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