As the name suggests, Trademark Renewal means renewing the trademark so that the same is not removed from the Trademark Journal and the business entity or the individual still has the right over the said trademark. Once the Trademark gets registered, it is valid for ten years, and one should renew the trademark before the expiration date. A notice is sent at the registered office address before the expiration of the trademark as a reminder to the owner of the trademark to get it renewed before it lapses.
One can renew the trademark six months before the date of expiration. However, suppose the entity or the individual still forget to renew it. In that case, they can renew the trademark between 06 to 12 months post the expiry of the trademark by paying a fine through a process known as “Restoration”. Furthermore, the trademark will be removed from the Trademark Journal if it is still not renewed after 12 months of its expiration.
Our team at Taxrepair are proficient in getting the Trademark Renewal done for our clients without any hassles. We ensure that our clients follow all the rules and regulations thoroughly in order to get their trademark renewed smoothly. We also keep our clients posted about the updates on the status of their renewal application and help them be stress-free about the same.
The owner of the trademark can extend their right to ownership of the trademark each time they renew it. In India, the owner gets the exclusive right of being the authorised owner of their Trademark for a period of ten years after every Trademark renewal.
By renewing the trademark consistently, the owner can protect the brand name from the ever- increasing competition in the market. On the other hand, one can lose their right to their trademark if the period of the renewal gets expires; there will be a loss of legal protection of the brand name.
Only the Registered trademark owner is authorised to license or assign their trademark to someone else. The Trademark licensing and trademark assignment are given only to those who have the capability to provide considerable monetary compensation to the owner in return for using the trademark. Thereby, the trademark owner has the means to make some financial returns with the help of their registered Trademark.
Only the trademark owner can claim the right on the trademark, as it is registered under their name; it is impossible for any other person or entity to claim their rights on the said trademark. Thereby protecting the owner of the brand from frivolous litigation from people claiming their right to the trademark as their own without any official proof.
For effective management of the organisation, every entity has to govern its affairs efficiently and in a professional manner. Hence it is vital to know how to control and adapt to the rules and regulations that affect the business. Therefore, it is advisable for the organisation to
partner with compliance experts like Taxrepair to help them take care of the required actions of all the due dates in order to avoid the last-minute trouble and the subsequent penalties by the Government. Our team ensure that the entire process of Trademark Renewal is done before the date of expiration and seamlessly.
Contact us or write to us if you need any clarification regarding the renewal of the Trademark.
Contact us and allow our experts to offer you a wide range of financial services that we specialise in.
1010 Avenue of the Queensland, Australia.
Join our mailing list to get news updates sand exclusive offers
Follow Us:
