In a significant development, Skoda Auto India has acquired a licensing agreement from Monte Carlo Fashions Ltd to utilise the trademark ‘Monte Carlo’. This agreement comes after a trademark dispute initiated by Monte Carlo Fashions Ltd last year over trademark infringement concerning the ‘Monte Carlo’ brand.
Under the terms of the agreement, Skoda India has been granted the rights to use the ‘Monte Carlo’ trademark exclusively within India. This includes its application on cars, car accessories, spare parts, as well as on related packaging, promotional materials, and advertising.
Rishabh Oswal, Executive Director of Monte Carlo Fashions Ltd, expressed satisfaction with the agreement, describing it as a mutually beneficial solution. He stated, “We have agreed to grant Skoda a license to utilize our brand name for marketing and selling their Monte Carlo edition cars. This marks a positive outcome for both companies.”
Oswal also emphasised the broader implications of this case, hoping it will encourage greater vigilance among corporate entities regarding trademark issues. “We believe this case sets an important precedent for handling trademark disputes more meticulously,” he commented.
This agreement underscores the significance of intellectual property rights in corporate dealings, reflecting a strategic resolution that respects the interests of both parties involved.
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