Cabinet Approves Proposal to Align with Global Trademark System
- On 13th March, 2019, the Cabinet approved the proposal for India’s Accession to the Nice, Vienna and Locarno Agreements that would harmonise the classification systems for examination of trademark and design applications, in line with the systems followed globally.
- Benefits to India
- Protection of Intellectual Property: The accession is expected to instill confidence in foreign investors in relation to protection of IPs in India.
- Provide Power regarding Decision Making: The accession will also facilitate in exercising rights in decision-making processes regarding review and revision of the classifications under the agreement.
- India’s Foray in International Classification System: It will give an opportunity to include ....
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