What is Due date for filing patent/trademark renewals?
Nexa Consultancy | Startup & Finance Glossary
Patents and trademarks are not perpetual and require renewal. A patent in India must be renewed annually after the second year. A trademark must be renewed every 10 years. Failure to renew by the due date can lead to the lapse of these valuable IP assets.
Startup Example: A startup forgets to renew its trademark. A competitor can then potentially register a similar mark, causing brand confusion and legal disputes.
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