Nigeria: Trademark

A trademark is a distinctive mark or sign that distinguishes a person's products from the products of others in the market. A trademark may be one or a combination of words, letters or numbers.

While the role of technology transfer in the economic development of Nigeria cannot be downplayed, it is worthy to note that technology transfers in Nigeria can be better maximized with emergence of Nigerian brands pursuant to such transfers rather than merely serving as extensions or local branches for foreign brands.

Business names, (business name, in this sense is the name under which an entity carries on its operations), much like trade marks, are closely tied to the goodwill of an entity, reflecting its services, products and overall reputation.