One might say that there has to be some kind of mystical knowledge being used, considering the price for the commodity doesnt yet exist. Commodities are any physical, tangible goods, such as crops like corn or wheat, to oil, gold, and currency, just to name a few. The futures market has nothing to do with the use of a crystal ball, though there are many traders who wish they had one. A futures contract is a standardized contract to buy or sell a...more
What Are the Changes in Trademark Act 1999 Over Trademark and Merchandise Act 1958? In India the first Trademark legislation was Indian Merchandise Act, 1889 where the disputes or problems relating to the infringement of Trademark or passing off were decided under of s. 54 of the Specific Relief Act 1887 and registration problem was tackled under the Registration Act 1908. This act was repealed in the year 1940 and was followed by the...more
What Are the Types of Trademark? A trademark is designated by the following symbols:• ™ (for an unregistered trade mark, that is, a mark used to promote or brand goods) • â,, (for an unregistered service mark, that is, a mark â,, superscript SM used to promote or brand services) • ® (for a registered trademark)A new Trademark regime has been introduced in India since September 15, 2003. The new Trade Marks Act, 1999 has many innovative features:1. Service Marks: Service marks are marks used in service business where actual goods under the mark are not traded. It is a mechanism available to protect marks used in the service industry. Thus businesses providing services like computer hardware and software assembly and maintenance, restaurant and hotel services, courier and transport, beauty and health care, advertising, publishing, educational and the like are now in a position to protect their names and marks. As service marks are a particular type of trademark, the substantive and procedural rules governing both types of marks are fundamentally the same.2. Collective Marks: Marks being used by a group of companies can now be protected by the group collectively....more
Do You Know The Difference Between Registered And Unregistered Trademark? Trademarks in India may be registered or unregistered under the Indian Trademarks Act, 1999 ('the Act'). Matters pertaining to Indian registered trademarks and the rights which flow from registration under the Act are generally consistent with trademark laws in the...more
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HOW TO SELECT A TRADEMARK NAME – ITS IMPORTANCE Selecting an appropriate trademark name is essential to get a hassle free registration. Not all names can be registered for all goods and services.Main criteria for a trademark name getting registration are:The word should be arbitrary or fanciful in nature. For e.g. ‘Apple' name for computers and ipods. By no way will a customer will be confused for name ‘Apple" being used for computers which is a fruit name, thus making the name ‘Apple' for the goods as fanciful and distinctive.The word should not be descriptive. For e.g. ‘Orlwoola" was held to be descriptive for woolen goods as the word described the nature of the goods.The word should not be generic. For e.g. name of a person unless having a mass recognition will not be registered.The word should not have geographical indication or any mountain or river name, unless proven to be distinctive under the class to be registered. For e.g. "Magnolia" though a flower name could be registered as it was used for goods which had no connection with the origin of the name.The word should not be names of chemical elements or international non –proprietary names. For e.g....more
DIFFERENCE BETWEEN TRADEMARK AND DOMAIN NAME The recent case of the Indian Embassy in Bahrain site being misused as the embassy after changing the administrator had not secured the earlier domain name, and therefore it has become an...more
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