SME Times News Bureau | 13 Mar, 2019
In a move to boost foreign investor confidence in relation to protection
of intellectual property (IP) in India, the Cabinet on Wednesday
approved the proposal for Accession to the Nice, Vienna and Locarno
Agreements, which will allow India an opportunity to include Indian
designs, figurative elements and goods in the international
classification systems.
An official statement said the proposals
approved are for India's accession to The Nice Agreement concerning the
International Classification of Goods and Services for the purposes of
registration of marks; The Vienna Agreement establishing an
International Classification of the figurative elements of marks; and
The Locarno Agreement establishing an international classification for
industrial designs.
These agreements will help the Intellectual
Property Office in India to harmonise the classification systems for
examination of trademark and design applications, in line with the
classification systems followed globally.
The accession would
also facilitate in exercising rights in decision-making processes
regarding review and revision of the classifications under the
agreement.
