Trademark

Trademark is sign or device used for identification of its goods or services to distinguish the same from those made or carried by others. Words or groups of words, letters, numerals, devices, names, etc can form trademark, even the shape or other presentation of products or their packages, colour combinations with signs, combinations of colours, and combinations of any of the enumerated signs can also form trademark.

Trademarks serve purposes like:

1. Indicating the origin of goods and services, 

2. They provide manufacturers and traders with protection from unfair competition (one person representing or passing for sale his goods as the goods of another), 

3. They provide customers with protection from imitations (assuring them of a certain expected quality). 

In terms of the protection of the rights of trademark holders, the law in most countries extends beyond the rule of unfair competition, for a trademark is considered the property of the holder; and, as such, unauthorized use of the trademark constitutes not only misrepresentation and fraud but also a violation of the holder’s private property rights.