A registered design provides legal protection to the owner against any infringement of the design. If you buy a registered design from the owner, you will get legal protection for your product or design, which means that no one else can use or sell the design without your permission.
When you buy a registered design, you acquire the exclusive rights to use and commercialize the design in India.
By purchasing a registered design from the owner, you can avoid any legal disputes that may arise due to the infringement of the design. If you use an unregistered design, there is a chance that someone else may have already registered a similar design, and you may end up in a legal battle.
A registered design can help you build value for your product. By buying a registered design, you can ensure that your product is unique and has a distinct look and feel, which can help you stand out in the market and build a strong brand.
A registered design can provide commercial benefits such as exclusivity, licensing, and royalties. By purchasing a registered design from the owner, you can explore these commercial opportunities and maximize your return on investment.
You can use the design to create unique and innovative products that can attract more customers and generate more sales.
A registered design can add value to your business by increasing its intellectual property (IP) portfolio. This can help attract investors, partners, and customers who are interested in working with a company that has a strong IP portfolio.
You can also license your registered design to others for a fee. This can be a great way to generate additional income without having to manufacture and sell the products yourself.
Buying a registered design from the owner in India is important for protecting your design, avoiding legal disputes, building brand value, and realizing commercial benefits.
By selling a registered design, the owner can earn a significant amount of money. This can be particularly useful for small businesses and startups that may not have the resources to invest in research and development.
Selling a registered design to others can help protect the design from being copied or stolen by competitors. The new owner of the design will have the exclusive right to use and commercialize it, which can provide legal protection against infringement.
Selling a registered design can allow a business to focus on its core competencies, such as product development, marketing, and sales. By selling the design to another company, the business can free up resources that can be used for these activities.
Selling a registered design to another company can also provide access to new markets. For example, if the buyer of the design operates in a different region or country, the seller can use this opportunity to expand their market reach.
A registered design can be licensed or sold, which can generate revenue and allow others to use the design for commercial purposes.
Selling a registered design can also lead to collaboration between the seller and the buyer. This can include joint ventures or partnerships that can further enhance the design and lead to new product innovations.
Having a registered design can give your business a competitive advantage over others in the market, as it can enhance your brand image and increase consumer trust in your products.
A registered design can make your product more marketable, as consumers are often willing to pay a premium for products that are unique and innovative.
Overall, selling a registered design to others can provide several benefits for businesses in India, including generating revenue, legal protection, focusing on core competencies, accessing new markets, and collaborating with other companies.
By licensing your registered design to others, you can generate a steady stream of revenue in the form of royalty payments.
Licensing a registered design provides legal protection against unauthorized use, copying, or infringement by others. This means that the owner of the design can take legal action against anyone who tries to use or copy the design without permission.
Licensing your design to others can help you reach new markets and expand your customer base, without the need to invest in additional resources and infrastructure.
Licensing your design to others can help reduce the risk associated with manufacturing, marketing, and selling the product. This can be especially beneficial for small businesses or individuals who may not have the resources to take on the full risk of bringing a product to market.
Protection against infringement: Licensing your registered design can also help protect your design from infringement. By licensing your design to others, you can ensure that they are aware of your ownership rights and that they do not infringe upon them.
Licensing your design to reputable companies can also help increase brand recognition and credibility. This can be especially important for startups and small businesses that are trying to establish themselves in the market.
Licensing a registered design gives the owner a commercial advantage in the market. It allows the owner to prevent others from making and selling products that look similar to their design, which can help to maintain a unique brand identity and increase sales.
Licensing a registered design can also provide a source of revenue for the owner. By licensing the design to other companies or individuals, the owner can earn royalties or fees for the use of the design.
Overall, licensing a registered design in India is an important step in protecting the intellectual property of the owner and can provide legal protection, commercial advantage, monetization opportunities, and international protection.
In India, a registered design is valid for a period of 10 years from the date of registration. However, it is possible to renew a registered design for an additional period of 5 years, subject to certain conditions and payment of the renewal fee.
It is important to note that the renewal application must be filed before the expiry of the 10-year period. If the renewal application is filed after the expiry of the initial 10-year period, a late fee may be applicable.
Once the renewal application is filed and the renewal fee is paid, the registered design will be renewed for a further period of 5 years from the date of expiry of the initial 10-year period.