Every registered Trademark owner must apply for timely Trademark Renewal as it is crucial to preserve and maintain their brand identity.
The validity of a Trademark is for ten years. After the period lapse, the trademark proprietor must renew the certification to remain in force. If you fail to renew the trademark, then you can suffer from loss of protection, making the logo susceptible to trademark infringement.
Safeguard against Infringement
If you renew your trademark, then you will get the exclusive rights to use it for the designated products and services. It will also prevent third parties or potential infringers from using a similar trademark.
Upper Hand in Case of Legal Disputes
An unrenewed Trademark is vulnerable to Infringement. Such a vulnerability can invite legal disputes for the proprietor. Trademark Renewal ensures that the Business continues using the brand logo without legal issues.
Authorizes Ownership of the Trademark in the Market
A renewed Trademark maintains its ownership with the original Brand. The renewal certification reinforces the owner's rights for its marketplace usage.
Preservation of the Brand Value in the Market
Every IPR of a Company, such as a Trademark, is a valuable asset to them. Such properties contribute to a company's brand value. Getting the Intellectual property renewed helps Corporates maintain their brand value. Such timely certification saves Trademarks from misuse and Infringement.
In the ecosystem of the IPR Authority in India, the trademark renewal procedure is considered critical to ensure the protection and validity of a registered trademark. Therefore, every registered Trademark proprietor must maintain their exclusive ownership, thereby providing protection against Infringement and legal dispute avoidance.