Trademark un-used for 05 consecutive years shall be invalidated
Accordingly, trademark owners shall be obliged to use the trademark continuously. The use of trademarks by transferees under trademark use contracts shall be also considered the use by trademark owners. In case the trademarks are not used continuously for at least five years, the registration certificates of such trademarks shall be invalidated.
In addition, this Law amends a number of article of the Law on Insurance Business. To be specific: Individuals providing insurance consulting services shall purchase professional liability insurance for their provision of insurance consulting services; insurance auxiliary service providers shall purchase professional liability insurance corresponding to each type of insurance auxiliary services; besides, such individuals and organizations must keep confidential customer information, using customer information with the appropriate purposes and no providing such information to third parties without the consent of the customers…
Otherwise, the insurance auxiliary service providers shall not provide insurance damage assessment services and insurance claim settlement assistance for the insurance contracts in which they are also the insurance purchasers or the insured or beneficiaries; insurance brokers shall not provide insurance damage assessment services for insurance contracts in which they make contract arrangements.