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How to grow your Pharma Business?

  Growing a pharma business requires a strategic approach considering the specific context of your company and the pharmaceutical industry as a whole. Here are some general pointers to get you started: Market and Customer: Identify your target customer: Deeply understand the specific needs and challenges of your target audience, whether it's doctors, patients, hospitals, or other healthcare providers. This helps tailor your products, services, and marketing efforts. Focus on unmet needs: Look for gaps in the market where existing solutions are inadequate or unavailable. Addressing unmet needs can give you a competitive edge and drive innovation. Track market trends: Stay updated on regulatory changes, technological advancements, and emerging diseases to adapt your approach and anticipate future opportunities. Products and Services: Invest in R&D: Develop innovative products or differentiate existing ones through unique formulations, delivery methods, or combinations. Remember
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What is Trademark? Different Signs of Trademark | Documents, Search and Process of Trademark Registration

Trademark Registration

(Step 6 of our how to set-up new business guide)

You have chosen a unique and best name for your business. Now it’s time to protect it for being used by others and keep your business name secure. For protecting your name for being used by others, you need to apply for trademark registration.

It is strongly recommended for businesses and individuals to register your trademarks for your business name (trade name) as well as products/services name but if it is not possible to register all products/services name, you should at least go for trademark registration of your business name. Other than this, if you don’t go for trademark registration, being the first to use a name automatically confers certain rights of that name for the region that you are using trademark but protection is very limited.

What is Trademark?

Trademark is a unique symbol or word(s) that is used by a business/individual or its products/services (as trade name or products/services name) to distinguish it from others. After registration under trademark act, these symbol or word(s) can’t be used by any other business fall under class in which trademark registration is applied.

Trademark is generally referred to a company name, brand/product name/service and/or logo of company and/or firm. Trademark registration can be obtained for business name, brand name, logo, tagline or caption etc.

Different Signs of Trademark:

Most commonly three types of symbols used as indication of trademark claim:
™, ®, ℠

TM Symbol is used for indicating Trademark registration applied for any product or business name
® Symbol is used for indicating Registered Trademarks
SM symbol is also used for registration applied for but this is used in case where trademark registration is applied for service instead of product.

Documents required for trademark registration:

  • Details related to applicant/s i.e. name, address, nationality etc. Applicant may be individual or firm or company.
  • Detail of name/logo/symbol/other particulars that is to be applied for
  • Class in which your trade mark fall under
  • If the mark contains or consists of non-English words, a translation of those words into English is required.
  • Power of attorney simply signed by the applicant (In case of application filled by trademark attorney/advocate and/or legal firm/agency).
  • Fees for registration
  • Proof for using (In case of already using i.e. invoice copy, advertisement etc)

Search of Business Name for not resemblance with any existing business:

Before going into process of trademark registration, you need to check availability and not resemblance with any existing business name or product/service name. At least name should not resemble in your business niche. Along with searching of trademark availability at trademark portal, you should also search at other possible means i.e. searching at search engines (e.g. google, bing etc) or social networks (e.g. facebook, linkedin etc).

Few steps are discussed below:
  • Search at search engines (e.g. google, bing etc) or social networks (e.g. facebook, linkedin etc) for any existing business with same name specially in your business niche.
  • Search at intellectual property website i.e. http://ipindiaonline.gov.in/tmrpublicsearch/frmmain.aspx at trademark search section for any existing trademark or registered trade names related to these names.
  • Search in business niche related business directories.

Process for trademark registration:

  • Choose your business name (possibly along with logo)
  • Search at different place for not resemblance to any existing business name
  • Search for trademark availability through government trademark search portal
  • Search for any legal firm/trademark attorney for applying trademark or apply by own online
  • Select appropriate class from 1 to 45 Classes. (Class depend upon nature and category of your business)
  • Application submission for Trade Mark registration
  • It takes 3 working days for trade mark department to issue Trade Mark application Number but it takes 6 months to 2 years for Trade Mark registration if your application don’t receive any objection otherwise it may take more time.
  • Advertising of trademark by government public gadget before acceptance for trademark registration (Objections and oppositions are invited by government from public/stakeholders before going in registration process) 
  • Hearing before registrar if your trademark faces any objection 
  • Hearing before registrar if your trademark faces opposed 

Other Steps:


Hope above information is helpful to you...
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