Business
Hitting the mark: Updating the rules for trademarks
More than just a healthy snack, an apple is also one of the world's most valuable trademarks today. Trademarks are used to help identify products and running a business without one would be hard to imagine. As brands become more important and more global, so does the protection of trademarks. The European Parliament talked about it with Cecilia Wikström (pictured), a Swedish member of the ALDE group, who wrote a report on modernizing EU trademark rules.
How important are trademarks for branding? It is extremely important. We live in a globalized world and it’s important to protect trademarks and the trademark owners. It’s actually more lasting than the patent because patents expire, but one can renew trademarks eternally.
A directive harmonizing trademark legislation in member states has existed for more than 20 years. What will change with the new rules?
Well it’s not a revolution, but rather a modernization. It will improve cooperation between national trademark offices and the European trademark office in Alicante, Spain. It will help to oil the wheels.
MEPs will debate the new rules on 24 February and vote on them the following day.
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