7 Advantages of Trademark Registration

A trademark is a unique mark or sign that represents a business, and it is used to distinctively identify a company from another and build its credibility among consumers. Trademark Registration gives plenty of benefits to its registered owner.

Here in this video, we are going to discuss the top 7 benefits of Trademark Registration:

1. Exclusive right

This main advantage of trademark registration is that it grants the Exclusive right to use the Brand or the mark by its owner. This means only the owner of the registered trademark has the entire right to use the mark in relation to specific goods or services. The right granted to is the owner is for entire India. Hence, this registration stops any third party to use any similar or identical mark as that of the registered owner.

2. Legal Protection

Trademarks are a form of intellectual property and the trademark registration protects the brand or the name from infringement. so once the Trademark Registration is done, the owner of the mark has the right to sue anyone who breaches the rights. So, if a third party uses your trademark without your consent, you easily file an infringement suit before the High Court or the District Court.

3. Builds Trusts

The Registered Proprietor can use the R symbol and it adds a great reputation to the goods or service. In simple it gives branded recognition to your products. 

4. Protects your brand in Social Media Too

Nowadays, we started promoting the brands through Social Media like Facebook, YouTube, and many more platforms by way of a YouTube Channel or a Business Page. You can protect your brand name even in Social Media by way of Trademark Registration.

5. Business expansion globally 

By way of the Madrid System, you can protect your Trademark even in foreign countries. So if you are in export trade, your brand would be protected even abroad. And by that, you can expand your business globally without any huddle.

6. Asset Creation

Trademark is an Intangible Asset and is considered as a property of your company or the owner. So you can earn smart by way of licenses, assigned, and even sold for commercial benefits.

7. Ten years of Validity 

The registered trademark is unlike patent and copyright, trademark registration provides uninterrupted protection, provided every 10 years it needs to be renewed.

So, these are the top 7 benefits of Trademark Registration. One important thing.  Most of the business owners does a common mistake, that is they do trademark registration only when the brand starts fetching profit. But at that time if the trademark application is refused, because of the similarity of name, it would be a greater loss both financial as well as time. So the best time to protect a brand is immediate once the brand name is selected.

Le Intelligensia where we can handle your Trademark Registration in Bangalore. Send Us an e-mail at arivu@leintelligensia.com or give us a call at 910-856-9562.

Source:https://leintelligensiaipr.com/7-advantages-of-trademark-registration

Types of Company Registration in Bangalore

Once you had decided to start your own business, you need three things, Well worth Business Idea, Capital, and a Company. So if you had already chosen the best business Idea, not its time to decide on the Type of Company for your business.

Basically, there are totally 6 types of Business Registrations

1. Proprietorship Registration:
 

This is the oldest and traditional form of business ownership in the world. There will be just a single owner and he is solely responsible for the entire profit and loss of the Company. 

Proprietorship firm Registration:

There is no registration procedure for a Proprietorship Firm. There is no Governing act too. So just by enrolling under MSME registration at Bangalore, you can float a Proprietorship Firm. 

Bank Account Opening:

If you approach a nationalized bank, just by submitting the MSME Certificate, you can open a current account. But if you approach a Private bank, they may ask for two different Government licenses. At that time, you may obtain a GST Certificate. 

PAN Card: 

For the Proprietorship firm, there is no separate Pan card to be obtained. In that case, the Proprietor's pan card can be used for the Firm too. 

 2. Partnership Firm:

Minimum two or more people join together, share the ownership, as well as shares the responsibilities, and also share the profit and loss. To carry out the above object the Partnership firm is formed. 

Governing Act: 

Indian Partnership Act, 1932 is the Governing Act for the Partnership Act. Registration of a Partnership Firm in Bangalore is not compulsory as per the Act. 

Partnership Deed: 

The partners decide upon the terms and conditions and sign up a deed called Partnership Deed. This needs to be very carefully drafted legally because it speaks about the entire rights of the partners and the object. 

PAN Card: 

This is unlike a Proprietorship type of business, this need to have a separate PAN card. By submitting the entire details about the Partners and also submitting the deed, you can obtain a PAN Card for the business separately.

3. LLP Registration: 

Limited Liability Partnership is a combination of both Partnership and Private Limited. It has the feature of both these forms. This has become a preferred form of organization among entrepreneurs as it incorporates the benefits of both partnership firms and companies into a single form of organization. 

Features of LLP

1. LLP is a Separate Legal Entity. And the Partners are distinct from the Company

2. Minimum 2 partners are required, no maximum limit. 

3. No authorized minimum share capital as per the Act. 

Documents Required: 

1. Address Proof of both the Partners

2. PAN Card of both the Partners

3. Passport Size Photo of both the partners

4. Rental deed for office space

5. EB Bill

Governing Act for LLP Registration in Bangalore: Limited Liability Partnership Act, 2008. The Registering authority for LLP is the Registrar of Companies. 

4. Private Limited Company:

Private Limited is the most popular form of Company in India suitable for small and medium scale companies. This is registered under the Indian Companies Act, 2013. A Private Limited Company is a separate Legal Entity that requires a minim of two shareholders and One Lakh shareholders. 

Registration Process: 

a. Name Approval

b. Obtain DIN Number

c. Obtain Digital Signature

d. Submission of MOA and AOA

e. Incorporation Certificate

Advantages of Private Limited Registration in Bangalore:

1. Limited Liability: Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. 

2. Credibility: It created huge credibility for the company among its clients and the vendors. 

3. Perpetual Succession: A Private Limited company, being a separate legal entity, is unaffected by the death of any member and it continues to be in survival irrespective of the changes in membership.

5. One Person Company: 

The most recent newborn child baby in the ROC family Once Person Company which is suitable for Small businesses. Just with a single director, you can incorporate a One Person Company. This was introduced in the year of 2013 through the Indian Companies Act, 2013. 

Requirements:

1. One Director

2. One Nominee

3. No minimum authorized Share Capital

4. Office Space

Conversion of OPC to Private Limited Company:

OPC must be converted to a private limited company when paid-up share capital exceeds Rs.50 lakhs or turnover crosses Rs.2 crores.

6. Public Limited Company:

A Public Limited Company under Company Act 2013 is a company that has limited liability and offers shares to the general public. Its stock can be acquired by anyone, either privately through (IPO) initial public offering or via trades on the stock market. 

Requirements:

1. Minimum 7 Shareholders

2. Minimum 3 directors

3. Minimum 5 lakhs share capital

Registration Formality

Step 1: Obtain Digital Signature

Step 2: Obtain Din Number

Step 3: Name Approval

Step 4: Submission of AOA & MOA

Step 5: Incorporation Certificate

Step 6: Get listed on the stock exchange

Le Intelligensia where we can handle your Company Registration in Bangalore. Send Us an e-mail at arivu@leintelligensia.com or give us a call at +91-9108569562

Source: https://leintelligensiaipr.com/types-of-company-registration-in-bangalore 

5 Simple Steps to Register a Patent

What is a Patent?

A patent is a Monopoly Right granted to the owner/inventor of a new invention that restricts others from making, using, or selling the same without his permission of the patent owner.

What is the importance of a patent?

1. A patent gives you the right to stop others from copying your invention
2. It increases the market value of your product/company
3. You can license the rights and can enjoy the monitory benefits/royalty for patent
4. You can avail the benefit of Start-up India Scheme
5. You can assign/sell all your and can enjoy a huge sum of money

What is the procedure for Patent Registration?

Step 1: Patent Search

Before filing any of your inventions under patent, it is advisable to conduct a Patentability Search. The patentability search gives you a result to understand is there any similar or already existing invention is similar to that of yours. This will help you to understand whether your invention is eligible for patenting or not. by that, you can avoid wastage of time and your money. 

Step 2: Patent Filing

There are various forms as per the Patent Rules. For filing a patent, you need to submit Form 1, 2, 3, and 5. In that, you need to provide the basic details like

1. Name and address of Applicant
2. Name and address of Inventors
3. Name of the Invention
4. Declaration from Inventor and Applicant

Along with this, you need to submit either the Complete Specification or Provisional Specification. Provisional Specification is the outline and basic description of the Invention. If your invention is still under research under development, you can file provisional specification to get the priority date. Then, within 1 year, you need to file the Complete specification, which speaks about the invention in detail.

Step 3: Publication

The publication is where your patent application is published in the Patent Journal. Normally it takes 18 months to publish your patent in the journal from the date of filing the Complete Specification. 

But there is a procedure to speed up the process by way of filing a form for Requesting for Early Publication along with the valid reason for the same. In that case, your application would be published in a month or two.

Step 4: Examination

The examination is the process where the Registry will examine your Patent application and will issue the First Examination Report, which contains the list of deviations, clarifications, and objections against your application. But to proceed for the examination process, we need to submit the form for Request for Examination within 48 months from the date of filing the application. Based on that the Examiner will examine the application and will issue the FER. We need to reply to the same within the stipulated time. If the authority is not satisfied with our reply, they may ask us to appear in person for a personal hearing. 

Step 5: Grant of Patent

Once the Examiner satisfies our reply the application is put in order for Grant of Patent. But if the examiner is not satisfied with the reply, he/she may refuse the application for patent. The validity of the patent is 20 years from the date of filing the patent application.

Source: https://leintelligensiaipr.com/5-simple-steps-to-register-a-patent