Government

India accedes to three important global agreements on Intellectual Property

India accedes to three important global agreements on Intellectual Property
The Government has approved proposal for accession of India to three important global agreements
(a) The Nice Agreement on the International classification of goods and services for the purposes of registration of marks 

(b) The Vienna Agreement for setting up an International classification of the figurative elements of marks

(c) The Locarno Agreement for establishing an International classification for industrial designs 

The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the proposal for accession of India to (i) The Nice Agreement concerning the International classification of Goods and Services for the purposes of registration of marks, (ii) The Vienna Agreement establishing an International Classification of the figurative elements of marks, and (iii) The Locarno Agreement establishing an International classification for industrial designs.

Accession to the Nice, Vienna and Locarno Agreements will help the Intellectual Property Office in India to harmonise the classification systems for examinational of trademark and design applications, in line with the classification systems followed globally.

It would give an opportunity to include Indian designs, figurative elements and goods in the international classification systems.

The accession is expected to instill confidence in foreign investors in relation to protection of IPs in India.

The accession would also facilitate in exercising rights in decision making processes regarding review and revision of the classifications under the agreement.

Source: PIB

Share

Recent Posts

  • GST

GST Advisory & FAQs on Electronic Credit Reversal & Re-claimed Statement & RCM Liability

GSTN Advisory & FAQs related to Electronic Credit Reversal and Re-claimed Statement and RCM Liability/ITC Statement To ensure correct and…

12 hours ago
  • Income Tax

Negligence of tax payer would not make exempt income taxable – ITAT

It is well settled that if any receipt cannot be subjected to tax being exempt under law, negligence of any…

22 hours ago
  • GST

For a notice sent by GSTN Portal no inference may be drawn as to its actual service

Since UPGST Authorities unable to inform when notice sent by GSTN Portal may have been retrieved or downloaded, no inference…

1 day ago
  • Income Tax

Cash deposit of Rs. 250000 cr (credit) misread as crores by AO – Plea declined

High Court declines plea of assessee that Income Tax Department wrongly read amount of cash deposit of Rs. 250000 Cr…

2 days ago
  • Income Tax

Discontinuance of business of firm will not vest ownership of firm’s property with partners

Discontinuance of business of partnership firm will not result in vesting ownership of firm's property with individual partners for capital…

3 days ago
  • Income Tax

Release of seized jewellery/gold u/s 132B within 120 days is directory not mandatory

Stipulation of 120 days for release of seized jewellery/gold u/s 132B is directory not mandatory – Delhi High Court In…

3 days ago