Renewing means that you are also extending the ownership of your trademark. So that other parties or business entities cannot arbitrarily use similar trademarks on similar goods or services.
The brand is also a very valuable asset for the sustainability of the business that is being undertaken. So that when you have extended it, the value of the assets owned will increase every time.
By extending the trademark, it will also avoid counterfeiting, hijacking, and similarity with other parties.
























