Trademarks are a key component of any successful business marketing strategy as directories them to identify, promote and license their goods or services in the marketplace along with distinguish these from people their competitors, thereby cementing customer loyalty. A trademark symbolizes the promise within a quality product and in today’s global and increasingly electronic marketplace, a trademark is usually 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 Transfer of Trademark Rights in India trademarks through Madrid Process.
Although it is improbable 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 a single jurisdiction on a global basis.
The Madrid is actually administered by the International Bureau worldwide Intellectual Property Organisation in Geneva, Switzerland. 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 essential as development.
A record 36,471 international trademarks applications were received in 2006 by wipo under Madrid gadget. 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 that ever growing economy and trade potential customers.
WIPO also promotes use of electronic communication for processing of international software program. 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 of new improvements, including new search facilities, were also introduced for the ROMARIN database which contains information regarding all international marks which have been currently in force in the international trademark register. As from January 1, 2007, the ROMARIN data base function is available, free-of-charge, over a WIPO web internet sites.
India is also considering and is in fact inclined towards granting accession to the Madrid system. India is beginning to attain the various excellent acceding to the Madrid System, gather that, the applicant for an International registration is recommended to file only one application, pay one fee in local currency, and is not required at least initially, to submit foreign powers of legitimate. Renewals, assignment recorders, changes of name and/or address of an international registration may have filing one document with the International Bureau. Moreover, the payment of single filing fee and preparation of someone application should trigger savings in legal service fees.
India has stated 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 goods and services enabled to take advantage of the system without further delay. It also have to be noted how 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 the software early, Indian businesses may be made to put in their international applications off the IP offices of third countries by setting up minimal operations prescribed for this function.