A trademark is a sign that distringuishes the goods and services of one trader from those of others. Reputation and brand image are intangible asset of an enterprise. Anyone sells, imports exports and/or makes products affixed registered trademark without the authorization of the trademark owner would result in trademark infringement.
Importance of Trademark Registration
- Intangible asset for a trademark owner
- ®/™ symbol would be designated for a registered trademark, which increases brand value and profit
- Exclusive right for the trademark owner to use the trademark and license a third party to use the trademark for licensing fee