Trademark Renewal
There are many advantages to renewing a trademark. Registration of the trademark awards the holder of the trademark many rights that are protected by law. It prevents the infringement of the trademark and also provide for restitution in case of such infringements.
It also allows the holder the right to transfer the trademark to another person or company at their will. Licensing of trademarks are only possible if the holder of the trademark is has registered the trademark, therefore a registered trademark holds immense monetary value.
How to renew a Trademark
A registered trademark is only valid for 10 years, after which it needs to be renewed. The registrar of trademarks will send you a letter of reminder of the expiry of the trademark 6 months prior to its expiry. When you are going to renew a trademark you have two options:
► Renew the trademark as it is
► Renew the trademark with changes and alterations
♦ The application for the renewal of a trademark is the form TM-R
♦ The application does not need to be filed by the registered owner of the trademark, it can be done by an authorised representative or an agent.