THE MADRID TRADEMARK REGISTRATION SYSTEM: NIGERIA TO JOIN OR NOT?
INTRODUCTION
Business operations are no longer territorial but have now become integrated on a global scale, birthing multinational companies globally. Consequently, these entities are no more only keen on expanding their businesses, but are also focused on protecting their intellectual property rights in the countries where they carry on business. Typically, there are two primary ways of registering a trademark in a foreign country: (a)the conventional method of registration adhering to national requirements, and (b) the internationalmethod of registration through the Madrid System. Conversations regarding the Madrid Trademark Registration System (“Madrid System”) are being had globally, and the question being raised is, whether Nigeria should join the Madrid Trademark Registration System or not? This article offers insights into the international registration of trademarks under the Madrid system, the pros and cons of the system, as well as the implications of Nigeria’s potential decision.
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