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Wednesday, November 26, 2008

India to Amend its Trade Mark Laws to Facilitate Technology Transfers

The government has approved amendments to the Indian trademark through Trade Mark (Amendments) Bill 2007. The bill will be introduced in Parliament for its approval. According to the government the amendment will encourage technology transfer through trademark licensing and franchising.

The Trade Mark Amendments Bill is India’s gateway to the Madrid Protocol, once approved the Bill will facilitate India’s joining of Madrid Protocol of trade marks as amendments to the bill make their case stronger in India’s intellectual property rights. India’s entry into the Madrid Protocol will facilitate Indian companies to register their trade marks in the member countries through a single application.

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