CURRENT AFFAIRS

Detailed explanation-1: -The Nice Classification (NCL), established by the Nice Agreement (1957), is an international classification of goods and services applied for the registration of marks. A new edition is published every five years and, since 2013, a new version of each edition is published annually.

Detailed explanation-2: -The Nice Classification applies to all those countries which signed the Paris Union/Agreement. The Paris Agreement is an agreement to protect industrial property, signed in 1883. Signatory countries include the US, Chile, Argentina, Uruguay, Panama, Peru, Costa Rica, Ecuador, Mexico, and Colombia.

Detailed explanation-3: -It is an international classification system used to classify goods and services for the purposes of the registration of marks.

Detailed explanation-4: -Nice Agreement Concerning the International Classification of Goods and Services for the Purposes of the Registration of Marks. The Nice Agreement establishes a classification of goods and services for the purposes of registering trademarks and service marks (the Nice Classification).