The Name is the identity of your business. If you are involved in a travel business locally, then people start engage your business for the name sake only. If they have good business in travel field and people use to choose your travels for their locomotion, then they will choose your travel for name sake. For example, if you run KODI travels and people are engaging in your business, they will choose their first priority KODI travels. If they cannot locate the name KODI travels, then you will lose your business.
At the same time someone start business in the name KODI travels and they use the same name in your trade area, then you will lose your business to your competitor. That’s why OLA is spending huge money to protect their trade name and not to lose their business. If OLA want to curb your travel business, then they register KODI in trademark registry by creating a fake company and prevent you from engaging KODI in travel business. In this case you not only lose your case but you must pay all the profits earn in your business for the wrongful use of the tradename KODI. Since the legal owner of your business name KODI is your competitor, so you cannot claim any benefits of your tradename but you also lose money by paying compensation to the competitor.
You had earned a good repetition in your KODI business but your ignorance in registering the trade name in your travel business you not only loose your name but also the business. Hence when you intent to start any business first you register your business otherwise you should loose your identity and business to your competitor.
For Free Legal clarification to protect your business name call us at :- 9840787702
Write your queries to :- chennaitrademarket@gmail.com
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