The Art of Mastering Services
Role Played By Trademark Law
Trademark refers to a word, letter, phrase or symbol that is used to identify the source of the goods and services from a specific producer or manufacturer for the purpose of recognition and indication of the source of the product . Trade mark law is a policy that produces terms and conditions plus rules and regulations which are very essential in helping the business owners, companies and organisations in the process of coming up with ways to produce the logos, names, phrases and other signs in the identification of their goods and services in order to reduce the number of disputes between the business owners, the organisation and companies which may arise from them having same logos that identify their products.
Trade mark law plays a very important role in any society that carries out business activities or produces certain goods and products.
There are benefits that are incurred as a result of having trade mark law and some of these benefits that come from having trade mark law includes the following. Law firms help to promote peace in that they provide laws which ensure that different business and companies use different and specific logos to identify their goods and eservices and us a result preventing any conflicts between them resulting from the sharing of the same logo.
With trade mark laws put in place or in action, other companies, business owners, manufacturers and organisations are prevented or prohibited from using the logo of other different manufactures ,companies, or businesses in the promotion of their products and services and as a result it ensures that every manufacturer just uses their logo, name or phrase for identifications hence fair competition in trade.
Another reason why trade mark law is very important in any business is that they ensure that there are rules and regulations that protect both the manufacturers and the consumers of certain products and services.
Trade mark law is put into practise in order to avoid consumer confusion and preventing companies from attenuating the logos, words, phrases, designs or signs used by other companies or manufacturers to identify their products and services.
Another way in which trade mark law is very important is that it enables the trademark managers and administrators to develop goodwill for their products and services on the market which is an advantage that the trademark managers gain from having the trade mark law to put into place certain rules and regulations which ensures that this happens.
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