Trademarks are also used as a way of protecting consumers. To maintain a good reputation, will often work harder to provide quality services and products. Trademarks provide protection for both businesses and consumers, making them an important part of running a successful company.
Trademark benefit both businesses and consumers. Trademark allow businesses to build an identity and reputation with customers, and thereby grow or expand their business. They allow consumers to take an informed buying decision by searching out the familiar brand names and avoid bad buying experiences by avoiding the brands they didn't like.
There are three types of trademark i.e word mark, distinguish mark, design mark. A trademark can be a word, a symbol, a logo or a slogan that is distinctive of your goods and services.