Disadvantages Of Trademarks

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Trademarks So basically the definition of a trademark is some sort of sign, a unique design, picture, words, logo, names, letters, numbers or even a combination of these. The owner of the trademark can either be an individual, a business organization, or any legal entity. So you may be, wondering where trademarks can be seen. Well usually you can find a trademark on a package of a product, a label, a voucher, or on the product itself. Trademarks are also used to help maintain corporate identity, so that’s why sometimes trademarks are being displayed on company buildings. The registration of trade marks in Malaysia is governed by the Trade Marks Act 1976 and Trade Marks Regulations 1997. With effect from 1 December 1997, service marks are also…show more content…
Well basically Franchising is the practice of properly using a firm's business model and brand for a specific period of time. So what is the advantage of a franchisor? Before we proceed to the answer lets see who is a franchisor. A franchisor is an individual who owns the overarching company, trademarks, and products, but he/she gives the right to the franchisee to run the franchise location, in return for an agreed-upon fee. Fast-food companies are often franchised. So basically the advantage of the franchisor is that franchising is an alternative way of building "chain stores" in order to distribute goods that avoid the investments and liability of a chain. The franchiser will succeed if the franchisees succeed. There are 33 countries which have laws that explicitly regulate franchising, with the majority of all other countries having laws which have a direct or indirect impact on franchising. Franchising is also used as a foreign market entry…show more content…
The patent is granted by the government for a limited period of time. An invention is a product or a process that provides a new way of doing something, or offers a new technical solution to a problem. An applicant for a patent must file a patent with the intellectual property corporation Malaysia which will assess whether it meets the requirements of the patent act of 1983. Furthermore in order for an individual to be granted a patent the individual must make sure that the application includes one or more claims that define the invention. A patent may include many claims, each of which defines a specific property right. Some of these claims that the invention has to meet is that the invention has to have novelty, it must be useful, and non-obviousness. So what is the advantage of a person who has a patent on his/her invention? Well the main advantage of having a patent on your invention is that that you have the right to allow and deny the access of others, from commercially making, using, selling, importing, or distributing a patented invention without

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