Advantages of Trademark Registration.
It is important to note that trademarks are valuable assets for the business. As indicated by one recent survey, trademarks represent, all factors considered, about forty percent of corporate value. The world’s most important brand was as of late evaluated to be worth more than two hundred and sixty billion dollars. It is important to note that by developing and protecting the business trademark, the business brand is boosted positively ensuring quality service delivery to the customers, this makes the clients to be satisfied with the business operation hence high profits generated by improved sales of the organization product. It is important to note that a trademark can be represented by any symbol, logo or writing that is able to give the business a unique identity that is different from the ones used by other organizations operating in the same industry. Trademark also helps in promoting the quality of goods and services and in this way promote positive competition. It is important to comprehend that it is extremely cheap to register a trademark compared to the procedure of filing for a patent right registration. An application can be founded on either a true expectation to use the mark, which basically enables you to hold a check for up to four years after allowance of the application by the Trademark Office, genuine utilization of the mark in US Commerce, or responsibility for remote application or enlistment. While a trademark search before adoption is not lawfully required and no inquiry is full proof searching can help prevent conflicts by investigating whether a proposed trademark is accessible for the merchandise and enterprises for which it is expected to be utilized. This report highlights the advantages of having a unique trademark for your business entity.
The major advantage of having a business trademark is the fact it ensures the business identity remains private and specific compared to other business activities existing in the same industry. Registering your trademark is the speediest and most financially effective approach to guarantee lawful selectiveness for the use of your name or logo and so forth. Enlisting a trademark for your business or item name is like acquiring a declaration of title in connection to owing a land. Registration of the trademark also ensures you reduce the chances of other business preventing you from using your business logo or name. One of the most severe experiences the business can have is receiving a letter from an attorney that requires it to stop using its name or log that it previously owned because another business has claimed the legal right to that specific trademark.
The second importance of trademark is that it forms part of intangible property that business owns. The main objective of having to register the trademark with the commerce department is to ensure the business can have a legal claim to the trademark as an intangible property. Trademark enlistment is a value store or receptacle of the value attaching to the notoriety or goodwill that the item appreciates.
In conclusion, trademark is important to the business as explained above.