Abstract
Trademark Law in India has come a long way, since its inception in 1940. The Indian Parliament has constantly amended and updated the law to accommodate changes and harmonise it with the international trademark laws and standards. The importance of trademarks and other forms of Intellectual Property Rights in India in recent times can be understood from a landmark event namely, India’s recent accession to the Madrid Protocol and the Government’s initiative to draft India’s National IPR Policy which indicates the increasing prominence of IP protection in India. The Madrid Protocol provides a cost-effective and efficient way for proprietors of trademarks; be it individuals or businesses, to ensure protection for their marks in other signatory countries to the protocol by filing a single application in a single office, in one language, with one set of fees, in one currency. Therefore, accession to this Protocol provided India with many definite advantages in matters of IPR and especially trademarks.
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