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Showing posts from March, 2022

Process of Expand Your Business

In today’s era, every business wants to expand their market globally to sustain in prevailing market competition.    To expand their business beyond the domestic market, such businesses need to obtain an importer-exporter License (IEC) which is to be issued by the Director-General of Foreign Trade (DGFT).   It is a Ten digit key business identification number that is mandatory for all the businesses who are engaged in the Import Export Business.    If a Person intends to export or import any good, services then he shall apply for Import Export Code. IEC is required to avail benefits under foreign trade policy. After the introduction of GST, IEC being issued is the same as the PAN of the firm. IEC can be applied on behalf of proprietorship firm, partnership, LLP, Company, Trust, HUF, or individual.   Eligibility for obtaining IEC.   ·        Who wants to import/export goods or services. ·    ...

Value of Trademark

Any rights associated with intangible assets (non-physical property, including the right of ownership in intellectual property) owned by a person or company and protected against use without consent. It Protects Brand.   As Per TM Law, the trademark is anything by which customers can recognize a product or the source of a product, generally, the trademark would be the words or names associated with the product or service.   TYPES OF TRADEMARK 1. Wordmark:- name written as Text or a word or letter or group of letters is the most common forms word of mark   2. Device Mark;- Logos, design of a name, is called Device mark. It includes any label, sticker, monogram, logo, or any geometrical figure other than a wordmark.   3. Colour Mark:- It can be limited to a particular colour or combinations of colours. As TM Law allowed to register one colour or combination of colour as a trademark.   4. Shapes of Goods:- Shape Mark is capable of distinguishing the g...