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What is the provision for dispute settlement mechanism under the Agreement?

What is the provision for dispute settlement mechanism under the Agreement?

The parties shall resolve dispute through consultations and negotiations ,failing which they may resort to an arbitral panel, which shall consist of three members. Each party to the dispute shall appoint a member and the third member who would be the Chair of the panel, shall be appointed by mutual agreement.

The concept of review of the Agreement has been put in place to take stock of the operation of the Agreement and based on this suggest the future course of action. The Agreement is operationalised and implemented through a Joint Committee. The Joint Committee meets biennially to review the Agreement with a purpose of considering additional measures to further enhance the Agreement.

Trademark – A trademark is generally referred to as a “brand” or “logo”.

A trademark can be a word, symbol, logo, brand name, wrapper, packaging labels, tagline or a combination of these and are used by manufacturers or merchants or service providers to identify their own goods and/or services. It is used to distinguish the owners’ goods or services from those of its competitors and is something that will be distinctive of just one trader. Properly used and promoted, a Trademark may become the most valuable asset of a business.

Trademarks should not be confused with trade names. While trade names can also serve as trademarks, registration of a company or business name under the Companies Act does not in itself give protection against others who might commence using identical or similar marks.

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