Several companies fail to realize how important it is for them to secure their intellectual property (IP), particularly their trade mark and more importantly their house mark in contemporary times. Expansion of market/services also means enhancement of goodwill and trade reputation. After the lifting of trade barriers, domestic companies have forayed into the international market in large numbers. Indian Companies, especially, the ones in the IT sector, capitalizing on the changed atmosphere, further fueled by liberalization of the Indian economy, have opened their business operations in various countries. But in that, what the companies have lost sight of is, securing their Intellectual Property Rights
The aforesaid event is just an eye opener. What happened today to Infosys Technologies may happen to any Indian Company tomorrow. Trade Marks are distinctive signs or indicators as to the origin of the products/services of Companies. Unscrupulous individuals hijack well known trade marks and pass off their goods as that of the original owner. To prevent this from happening, owners of a trademark have to secure it by registration
There is now a paradigm shift in trade. Indian Companies, as is the case with other global companies, are striving hard to enter into the international business areas or alternatively to safe guard their international businesses. Off late, big corporate houses of
From the abovementioned debacle of Infosys, we expect that, the other Indian entrepreneurs would take the required measures, in securing their IP and avoid various unpleasant situations like the one being faced by the soft ware giant.