“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” – Warren Buffett
Brand is the reputation of a business. It is what people remember. It is not always just a word or an image, but what people think or the feelings they experience when they think of a product, service or business.
For instance, over many decades, Coke has tried to associate its cola with happiness, and spent billions of dollars in advertising to make that happen.
Now imagine how it would be if I could take a bottle, pour some black water into it, and put up a label calling it Coke, and started selling on a street corner. It would be a pandemonium, right?
This is where trademark law steps in to make brands and significant investments that go into building a brand viable and protected from infringement and misuse. Trademark, therefore, is a basic foundational concept of capitalism - without it, our economic system would collapse!
Also, trademark was not important in the local economy. When everyone lived in a village or a small town, and all produces were local and sold through trusted traders, there was no need for trademarks. However, as the economy grows, and products are sold throughout a country or even the world, trademark becomes more important. And this is why, protection of trademark has been a key feature of globalization through the WTO and other bodies.
Internet and global economy has only continued to increase the value of trademarks as we deal with strangers more and more in terms of commerce and trade. We cannot trust a human being or business as easily as we trust in brands because brands are valuable and take time to build!
If you had to travel to Africa or Australia, and needed to buy a laptop or phone, you may go for an Apple product rather than a brand you have not seen before, because you have trust in the quality of Apple products. And this is what allows Apple to charge a premium for its products. You may go to any corner of the world and expect a certain kind of service from Uber or a Hilton hotel. That is the magic of branding, which is only possible thanks to trademark protection.
Trademarks are more widely used compared to other forms of IP. Business organisations in almost every sector of the economy employ trademarks to protect their brands. Businesses that fail to build a brand are often wiped out by the ones that manage to build a strong brand in any market. Also, businesses that focus on building a brand are usually far more successful and profitable than the ones that do not focus on building brands.
However, while trademarks are becoming increasingly valuable and critical to businesses, they are also now most vulnerable to infringement. Apart from infringement, there are many types of disputes that frequently arise over these extremely valuable assets.
One major area of work for lawyers in trademark law is filing, licensing and drafting various kinds of agreements that relate to trademark. Here are the most important ones you must learn to draft:
- Trademark registration and filings
- Licensing Agreement
- Franchising Agreement
- Assignment Agreement
- Merchandising Agreement
- Trademark and licenses portfolio management
Here are the major areas of work with respect to trademark prosecution and litigation:
- Opposition and objections during registration of trademark
- Domain name and squatting disputes
- Infringement and passing off
- Disputes over licensing, merchandising and franchising
- Review, rectification and cancellation of trade marks
- Monitoring and preventive measures
The most lucrative areas of work for IP lawyers related to trademark happen to be in the industries that cater to mass market as well as luxury. Bigger the business, the more it is sensitive about its trademark protection, which translates into substantial legal budgets. We have provided a comprehensive list of industries which spend big bucks on trademark.
Trademark licensing, prosecution and litigation consists of the vast majority of work that IP lawyers do in India. Despite that, there are absolutely no courses that teach the practical aspects of this work. All courses currently available in the market are restricted to teaching merely sections from statutes and a few case laws. This does not help the learners to accomplish the actual tasks that clients bring to their table.
In this context, in order to teach the most relevant and specific skills one needs to thrive in this profession doing trademark law, we have launched this course on Trademark Licensing, Prosecution and Litigation. This is meant for serious practitioners of IP law, those looking to make an inroad as an IP lawyer or litigator, or get a job in an IP law firm.
This is the most detailed trademark course in India which focuses on providing important skills based on industry needs and application. This course provides a detailed understanding of strategy, creation, registration, monetization, prosecution and handling of trademark disputes in India and offshore, with multiple practical examples and case studies.
Trademarks are frequently monetized through a variety of contracts in different industries. Some of them have their own set of commercial jargon based on the commercial intent behind the transaction. Knowing what the jargon means and then learning how to draft such contracts are effectively crucial to build a career in this area. Plenty of sample contracts and drafting exercises are included.
And of course, there is a massive need for an army of talented lawyers who create contracts, register intellectual property, enforce agreements and IP rights, resolve disputes, handle investment agreements, JV contracts, licensing of various IP rights, protecting legal interests of the media companies, ensure compliance to myriad laws and keep the industry in shape.
This is what we want to accomplish through this course. How can a course like this benefit your career?