{"id":5835,"date":"2021-06-04T09:35:53","date_gmt":"2021-06-04T09:35:53","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=5835"},"modified":"2021-08-07T13:27:01","modified_gmt":"2021-08-07T13:27:01","slug":"trade-name-vs-trademark-know-the-difference","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/trade-name-vs-trademark-know-the-difference\/","title":{"rendered":"Trade Name vs Trademark- Know the Difference"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Pet gets confused between the Trademark and Trade Name as they measured similar. However, the pact is both the Trademark and Trade Name are different, and both are equally essential for a business. One should know the difference between Trade Name vs Trademark to decide whether they are in need of Trade name or Trademark Registration. In this write-up, you will get to know the Trade Name vs Trademark, which thoroughly elaborated.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3acc4e220ab\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3acc4e220ab\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/trade-name-vs-trademark-know-the-difference\/#What_is_a_Trademark\" title=\"What is\na Trademark?\">What is\na Trademark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/trade-name-vs-trademark-know-the-difference\/#Trade_Name_%E2%80%93_Meaning\" title=\"Trade\nName \u2013 Meaning\">Trade\nName \u2013 Meaning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/trade-name-vs-trademark-know-the-difference\/#Difference_Between_Trade_Name_vs_Trademark\" title=\"Difference\nBetween Trade Name vs Trademark\">Difference\nBetween Trade Name vs Trademark<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/trade-name-vs-trademark-know-the-difference\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_a_Trademark\"><\/span>What is\na Trademark?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before we discuss the difference between Trade Name vs Trademark, lets us first understand the meaning of Trademark and Trade Name. It is a brand name that consists of a logo, name, word, symbol, or combination of colours. It has differentiated the products and services of one company from others. The <a href=\"https:\/\/swaritadvisors.com\/trademark-registration\" class=\"text-primary\"><strong>Trademark Registration<\/strong><\/a> safeguards products and services under the Trade Marks Act, in which any illegal use of any registered Trademark is an infringement of the law. Therefore, one should check before using it whether the brand name of the Trademark is available or already registered by any other individual.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trade_Name_%E2%80%93_Meaning\"><\/span>Trade\nName \u2013 Meaning<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Trade\nName is used to provide an identity to any firm, LLP, or any company. Such firms\nor companies have to carry on the business under a specific name. At the time\nof Company Registration, it is compulsory to deliver a unique or distinct Trade\nName where one can use any trade name. <\/p>\n\n\n\n<p>Moreover, it is compulsory for the LLP or a company to use a trade name that is dissimilar from any present LLP or company. The Ministry should not approve a Trade Name is similar to those being used by any other entity or LLP incorporated with MCA or Ministry of Corporate Affairs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Difference_Between_Trade_Name_vs_Trademark\"><\/span>Difference\nBetween Trade Name vs Trademark<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Following are some points that differentiate Trade Name vs Trademark:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"658\" height=\"361\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/06\/image-2.png\" alt=\"Difference Between Trade Name vs Trademark\" class=\"wp-image-5836\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/06\/image-2.png 658w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/06\/image-2-300x165.png 300w\" sizes=\"(max-width: 658px) 100vw, 658px\" \/><\/figure><\/div>\n\n\n\n<ul><li><strong><em>Regulating Authority<\/em><\/strong>:\n<\/li><\/ul>\n\n\n\n<ol><li>The regulating authorities for\nboth the Trademark and Trade Name are dissimilar. The Trade Name get registered\nunder different Act as per the business form. For example, an LLP, Company, and\nfirm are registered under MCS (Ministry of Corporate Affairs) controlled by the\nCompanies Act and Limited Liability Partnership Act, respectively.<\/li><li>The Trademark gets incorporated\nunder the Trademark Registry and controlled by the Trademark Act. If a\nTrademark is to be owned by a company or an entity, then one has first to\nregister the company (its Trade Name), and Trademark Registration can be done\nafter that.<\/li><\/ol>\n\n\n\n<ul><li><strong><em>Asset Creation<\/em><\/strong>: <\/li><\/ul>\n\n\n\n<ol><li>The Trade Name is just the\ncompany\u2019s name. The company carries on business activity and enters into an\nagreement under such name. It performs as an administrative meaning where all\nother tax registrations, filings are done under the Trade Name.<\/li><li>But, on another side, the\nTrademark is an intangible asset of a company. It adds some value to a business\nor a company and also creates goodwill in the market for the company. Trademark\nis used for distinguishing the products from other products, where one cannot\nenter into the agreement in the Trademark name or brand name.<\/li><\/ol>\n\n\n\n<ul><li><strong><em>Registration Process<\/em><\/strong>:\n<\/li><\/ul>\n\n\n\n<ol><li>The regulatory authority is different &amp; hence, the process of registration of Trademark and Trade Name is altogether different. The Trade Name is incorporated under the various acts depends upon the type of business. But, all the forms of Trademarks are registered under the <strong>Trade Marks Act<\/strong><sup><a href=\"https:\/\/www.indiacode.nic.in\/handle\/123456789\/1993?locale=en\" class=\"text-primary\"><strong>[1]<\/strong><\/a><\/sup>. Any Trade Name can acquire registered except in the case of the entities and LLPs. In the LLP and company, the Ministry doesn&#8217;t approve of a similar name.<\/li><li>If the Trademark is successfully registered with any name, then the Ministry will not consent to the same Trademark for an LLP and a company, where the registration time also differs. A Trade Name is incorporated in around two weeks; however, registration of a Trademark takes at least 3 or 4 months. <\/li><\/ol>\n\n\n\n<ul><li><strong><em>Renewal Event<\/em><\/strong>:\n<\/li><\/ul>\n\n\n\n<ol><li>The Trade Name, once\nregistered, is registered perpetually. There is no need to renew the company or\nbusiness registration.<\/li><li>However, the Trademark is valid\nfor ten years only. If it&#8217;s not renewed within the prescribed time period, then\none may lose the Trademark, which permits others to use a similar brand name.<\/li><\/ol>\n\n\n\n<ul><li><strong><em>Legal Protection<\/em><\/strong>:\n<\/li><\/ul>\n\n\n\n<ol><li>To protect the brand name, one\nhas to take registration under the Trademark Act. It furnishes legal protection\nfor illegal use of the brand name where one may file a suit against such\nperson.<\/li><li>However, if the person has only\nregistered the Trade Name and not the Trademark, then the other individual may\nuse that Trademark. In this case, one can file suit against others; however,\nthat requires proving that one party is continuously using such a Trademark and\nTrademark usage affects that person or individual. Therefore, the load of proof\nis higher.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Regardless of sounding similar, the significance of both terms is dissimilar. They are independently defined under the law, where each of the terms serves a distinct purpose. There is no direct relation between Trademark and Trade Name. Each can be registered separately and delivers different rights. It should be well-known that a Trade Name represents &#8220;doing Business&#8221; while a Trademark represents the Trademark of the products or services. The best example for Trade Name vs Trademark is \u201cPaytm\u201d, which is a Trademark, and its Trade Name is \u201cOne97 Communications Limited\u201d.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/what-are-the-legal-differences-between-a-brand-and-a-company\/\">What are the Legal Differences Between a Brand and a Company?\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pet gets confused between the Trademark and Trade Name as they measured similar. However, the pact is both the Trademark and Trade Name are different, and both are equally essential for a business. One should know the difference between Trade Name vs Trademark to decide whether they are in need of Trade name or Trademark [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":5838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[72],"tags":[682],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/5835"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=5835"}],"version-history":[{"count":9,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/5835\/revisions"}],"predecessor-version":[{"id":7426,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/5835\/revisions\/7426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/5838"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=5835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=5835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=5835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}