Trademarks are a key component of any successful business marketing strategy as to generate them to identify, promote and license their goods or services in the marketplace and in addition to distinguish these from associated with us their competitors, thereby cementing customer loyalty. A trademark symbolizes the promise of your respective quality product and in the modern global and increasingly electronic marketplace, a trademark is truly the only way for 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 Us (UN) which oversees task of international registration of trademarks through Madrid Set-up.
Although it is unrealistic to obtain an 'international Trademark Assignment deed Online', 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 one jurisdiction on a global basis.
The Madrid system is administered by the International Bureau worldwide Intellectual Property Organisation in Geneva, Switzerland. The Madrid system comprises two treaties; the Madrid Agreement Because of 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 as important development.
A record 36,471 international trademarks applications were received in 2006 by wipo under Madrid circle. 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 prospects.
WIPO also promotes use of electronic communication for processing of international methods. 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 for the ROMARIN database containing information regarding all international marks that are currently in force in the international trademark register. As from January 1, 2007, the ROMARIN data base was created available, free-of-charge, on their own WIPO web internet sites.
India is also considering and is usually inclined towards granting accession to the Madrid system. India is beginning to realize the various great things about acceding to the Madrid System, accumulate that, the applicant for an International registration is must 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 worldwide registration may be affected by filing one document with the International Bureau. Moreover, the payment of a single filing fee and preparation of merely one application should potentially provide 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 products or services enabled to take advantage of the 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 these devices early, Indian businesses may be forced to put in their international applications in the IP offices of third countries by setting up minimal operations prescribed for this specific purpose.