In investing
for an exponential growth and increased market share, a particular business
must thrive in a market and improve its brand as part of the product-centered
approach in business management. Revisiting the thrusts and strengths of your
trademarks as well as the establishment of one’s trademark in the business hub
of a powerful economic environment is very important for one to extend the
business into a larger audience.
Even though various Integrated
Marketing Communication programs help businesses to successfully address the
issues relating to marketing and the like, it must be noted that brand
positioning is very important in maintaining a reputation in the market and
among stakeholders.
Source: www.Intellectual-Property-Experts.com
The
involvement of every entity in the stakeholder’s system is very important.
Every entity has a very valuable role in managing one’s brand reputation.
Hence, the political atmosphere brought about by the government’s initiative in
protecting the welfare of one’s business is vital. Also, it is very important
to be at par with the environment’s trend in business yet one needs to protect
his/her brands or trademarks from companies which can possibly take advantage
of the brand. That is why trademarks must be protected especially in the large
market of China.
In international
trade relations, one of the notable improvements in trademark protection is the
revision of China
trademark law. It has opened its doors to more businesses to register in
its large market. In the revision of the trademark law, it made the foreign
companies want to register their trademark to protect it from infringers in
China. Having a China
trademark has a lot of benefits (not just for China, but for business
owners too).
Here are few
of those benefits:
1. Having one’s trademark registered in China means
a nationwide priority. Broader geographical area is enjoyed by the trademarks
registered. The law assures that all the trademarks registered in China within
its geographical jurisdiction are protected.
2. Similar to the law promulgated in 2001, the
newly amended law promises a number of pre-litigation evidence preservation
methods whereby such evidence may be lost or hard to be obtained.
3. Trademark owners’ burden of proof in court and
judicial proceedings is reduced. Once infringement is established by the
trademark right holder, the court can order the infringer to provide relevant
materials to determine the amount of compensation to be rendered by the
infringer.
4. Renewal for trademark registration is extended.
One can already renew his/her trademark registration within 12 months before
the deadline, with a 6 month grace period.
Having your
trademark protected in China is already a key benefit to protect the best
interest of your business in the very competitive atmosphere of the Chinese
market. Reputation is a very important
element in determining where the business is heading to. Thus, it is very
beneficial for the trademark owner to get his/her brand reputation protected.