Trademarks are a key component of any successful business marketing strategy as enable them to identify, promote and license their goods or services in the marketplace and to distinguish these from people their competitors, thereby cementing customer loyalty. A trademark symbolizes the promise of a 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 renewal form in india could prove devastating to a business.
World Intellectual Property Organisation (WIPO) is a specialised agency of the U . n . (UN) which oversees the effort of international registration of trademarks through Madrid Device.
Although it is unrealistic 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 one jurisdiction on a global basis.
The Madrid will be administered by the International Bureau found on earth Intellectual Property Organisation in Geneva, Exercise. The Madrid system comprises two treaties; the Madrid Agreement In connection with 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 essential 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 accepted designation for international protection because of ever growing economy and trade choices.
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 to the ROMARIN database which contains information regarding all international marks usually are currently in force in the international trademark register. As from January 1, 2007, the ROMARIN data base function is available, free-of-charge, of the WIPO web site.
India is also considering and is certainly inclined towards granting accession to the Madrid system. India is beginning to realize the various excellent 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 legal professional. Renewals, assignment recorders, changes of name and/or address of an international registration may be affected by filing one document with the International Bureau. Moreover, the payment of any filing fee and preparation of someone application should cause savings in legal service fees.
India has said that 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 leverage 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 expected to put in their international applications with all the IP offices of third countries by setting up minimal operations prescribed for this function.