ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Most importantly, a good trademark should be unique. It should not be similar to any trademark that is already popular or registered.

Detailed explanation-2: -A distinctive trademark is a trademark that “identifies and distinguishes” the relevant goods or services. This is required for a trademark to be eligible for federal trademark protection and registration at the United States and Trademark Office. This means that trademarks are protectable only if they are distinctive.

Detailed explanation-3: -The brand or trademark may consist of words or numerals, designs or a combination of all. A trademark can distinguish the goods or services of one person or company from those of others. They are intellectual property rights in India. The Trademarks Act, 1999, regulates the registration and functions of a trademark.

Detailed explanation-4: -Trademarks are only protectable if they are considered “distinctive.” The purpose of a trademark is to identify a consistent source (e.g., a person or company) to the consumer. In order for the trademark to do its job, it must be distinctive to the consumer.

Detailed explanation-5: -Fanciful, arbitrary, or suggestive trademarks are generally considered to be the most distinctive (stongest) trademarks because they are taken from outside the context of the product.