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Malaysia Trademark

Update Date:2015-9-17 8:47:57 Source:Tannet (Malaysia) Sdn Bhd Views:766

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FUNCTIONS OF TRADEMARK

Origin Function - A trademark helps to identify the source and those responsible for the products and services sold in the market. 

Choice Function - A trademark enables consumers to choose goods and services with ease while shopping. 

Quality Function - Consumers choose a particular trade mark for its known quality. 

Marketing Function - Trademarks play an important role in advertising. Its normal for consumers to make purchases based on continuous influence of advertising. 

Economic Function - Established trade mark is a valuable asset. Trademarks may be licensed or franchised.

IMPORTANCE OF TRADE MARK REGISTRATION

Trademarks registration provides for:

Exclusive Rights - Registered trademarks owners have exclusive right to use their marks in trading.  They also have the rights to take legal action for infringement under the Trade Mark Law against others who use their marks without consent. They can either take civil action or lodge complaints to Enforcement Division for appropriate actions under the Trade Description Act 1972.

- Legal Evidence - Registration certificate issued by Registrar Office is a prima facie evidence of trademark ownership.  A certificate of registration serves as an important document to establish the ownership of goods exported to other countries.


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