Trademarks are a key component of any successful business marketing strategy as to build e-mail marketing them to identify, promote and license their goods or services in the marketplace and to distinguish these from those of their competitors, thereby cementing customer loyalty. A trademark symbolizes the promise of some quality product and in this global and increasingly electronic marketplace, a trademark is often 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 Not (UN) which oversees the task of international registration of trademarks through Madrid Set-up.
Although it is not possible 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 of the universe 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 as vital development.
A record 36,471 international trademarks applications were received in 2006 by wipo under Madrid system. 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 preferred 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 methods. In April 2006, WIPO introduced a new Online Trademark Assignment fee in India 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 towards the ROMARIN database containing information regarding all international marks usually are currently in force in the international trademark register. As from January 1, 2007, the ROMARIN data base was made available, free-of-charge, on their own WIPO web internet page.
India is also considering and is certainly inclined towards granting accession to the Madrid system. India is beginning to comprehend the various attributes of acceding to the Madrid System, in particular 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 attorney. Renewals, assignment recorders, changes of name and/or address of a major international registration may have filing one document with the International Bureau. Moreover, the payment of single filing fee and preparation of a single application should potentially provide 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 services and goods enabled to leverage the system without further delay. It should likewise 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 system early, Indian businesses may be forced to put in their international applications off the IP offices of third countries by setting up minimal operations prescribed for this purpose.