What is a Trademark?
Trademarks are symbols that are used to identify the item, product or service unique from other companies. Moreover, trademarks can be any image, graphics, design, expression or signs. Even though they are uniquely identify a particular company from other companies.
They are to be renewed every 10 years of its registration. If the owner does not renew his trademark in 10 years then still he has a chance of restoration which means renewal but with a fine.
How to renew Trademarks:
The registrars will notify you at the time period of expiry. At the renewal time you can do two things:
- Renew the as it is
- Renew with changes and alterations
You have to fill out a form named: TM-R.
Cost of Renewal
If done physically the filing for the renewal costs 10,000 rupees
If done online via e-filing it costs 9,000 rupees
The following things are require for the renewal
- A copy of the registration certificate
- Copy of form TM-A
- ID and address proof
- Power of attorney
Accordingly, trademark registration covers companies from losing money to copyright infringement. After registering for a Trademark, it can renewed after ten years. The renewal enables the business user to continue protecting the copyrighted belongings.
Why Do You Need to Renewal?
However, it safeguards by law all intellectual properties. It saves the owner and allows for a refund in case of a breach. When a trademark is recorded, there are ways in which it can be licensed and assigned to another entity. While there is no way of restricting the transfer ability of a registered trademark, a recorded trademark could have significant financial value if it is the right property.