The Trademark is a valuable property for the person or entity putting efforts to build the brand name. Prime concern while filing the trademark registration application is the name of applicant who will claim the ownership of the proposed trademark. The question of ownership rights does not arise when a person is the sole party interested to build the goodwill in the brand name. However, the combined efforts of the group of person may lead to an issue regarding the ownership and pecuniary benefit out of the trademark. Here, we are discussing about who shall claim the ownership in case of a company or an LLP.
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