INTELLECTUAL PROPERTY RIGHTS | LEGAL ASPECTS OF BUSINESS | NTA UGC NET COMMERCE

Oct 2020 Paper II

Assertion (A) : Trade mark  registration gives exclusive proprietary rights to the trademark owner.

Reason (R)    :  A trademark is a recognizable sign, design or expression which identifies products or services of a particular source from those of others, & are used to claim exclusive proprietary rights of products or services.

In the light of the above statements, choose the correct answer from the options given below:

• Both (A) & (R) are true & (R) is the correct explanation of (A)
• Both (A) & (R) are true but (R) is NOT the correct explanation of (A)
• (A) is true but (R) is false
• (A) is false but (R) is true

Ans : (a)

TRADE MARK 1999

• Trademarks are special unique signs that are used to identify goods or services from a certain company. They can be designs, pictures, signs or even expressions. It is important because it differentiates your products from the competitions.
• A trademark registration gives exclusive property rights to the trade owner. It is a recognizable sign, design or expression which identifies products or services of a particular source from those of others, and are used to claim exclusive proprietary rights of products or services