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Showing posts from January, 2021

What is Trademark Registration?

A trademark represents the brand of your product or service. Registering it via trademark registration makes you the legal owner of that brand. By registering your trademark you: Gain legal ownership of your trademark. Gain protection for that ownership under the IP laws. Get powers to take anyone trying to use your trademark without your permission to court Gain the ability to sell your trademark for a hefty profit. Gain the ability to license your trademark to expand your business. Trademark registration is just protection of your ownership of your trademark. But its affects are felt throughout the business. By protecting your business identity, trademark registration gives it a chance to gain success. Difference between a Trademark and Wordmark A wordmark is a trademark where a word is used as the mark of the trade. A trademark is mark that you can put on your trade. It can be anything from word, logo, shape, smell and even sound....

Difference between Partnership Company and a Pvt Ltd Company

First off, there is no such thing as a partnership company; there is only a partnership firm. A partnership firm is a business entity where two or more individuals come together to collectively run a business and divide profits among themselves. Such an entity is not separate from the individuals and is registered under the partnership act. As a partner at a partnership firm, you have: Powers to make decisions after consulting with your co-partners. Based on how much money you’ve invested; you can play the role of a leading partner. Unlimited liability of your firm. Any loss suffered by the firm will be the loss of your personal assets as well. To tackle with the downfalls of a partnership firm, a pvt ltd company was introduced. A Private limited company also is run my two or more individuals, but these individuals are called directors. A private limited company also needs shareholders. Now, the directors can themselves play the role of shareholders or they can bring som...

Trademark Your Business Name – How and When?

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It depends upon you. Many say that you should trademark your business name as soon as you start to do business, but I say that you should do it as soon as you are hit with a business idea. Let me tell you why: You can’t be late with trademark registration: In a world with more 7 billion people, you can’t always hope to have a unique name for your business. Chances are there are people who’ve already registered or thinking about registering the business name that you thought was unique to you. Therefore, as soon as the business name hits you, protect it via trademark registration. Early application increases chances of acceptance: If you file the application of trademark registration early, the chances of it being accepted by the government is pretty high. Trademark registration is not expensive: At just INR 6,499/-, you can apply for trademark registration. In fact, you can also register your business name as a company by adding another small amount in that time You can...