Economic Dimensions in Trademark Law: Evolution through Judicial Pronouncement [Video]

The foundations of the Trademarks Act are based on the safeguarding of the economic rights of the owners of the trademark and also to protect the common man to not to fall a prey to those who use deceptive practices in this trade. The purpose is to protect commercial goodwill, to ensure that people’s business reputations are not exploited. Since business goodwill is an asset, therefore it is a property which the law protects against encroachment.

Economic Dimensions in the Trademarks Law

The Trademarks Act basically deals with the protection of economic interests against economic offences. The provisions under the Act deal with the offences such as passing off, infringement, deceptively similarity and the likes. It is well known that trademark can be registered or non-registered In case of the violation of the registered trademark; a suit for infringement will lie. Similarly, in case of a non-registered trademark the action for passing off shall be maintainable. …