Importance of Trademark Registration
For maximum utilization, a company or even an individual needs to register trademarks. There are firms which offer advice on how to register trademarks as well as their benefits. Upon registration of the trademark, the business and the individual is able to have legal rights. To avoid legal battles related to trademark use, it is essential for a company to register its trademarks. Once registered, trademarks become legal rights of those who have registered them. Registered trademarks can be hired since they become assets. Trademark licenses are renewable. The need for renewal may arise as a result of annual registrations. Different advantages are associated to trademark registration.
The chief merit of trademark registration is tenure of restricted use by those who have registered the trademark. Individuals and companies are granted exclusive use of trademarks by republic laws. Branding of goods and services covered by the registered trademark can bear the mark. Different companies have different trademarks thus enabling differentiation of goods and services offered. Compensations can be offered when other firms use other peoples’ trademark. A trademark can only be owned upon registration.
Upon registration, you learn that a trademark gains assets value and can be used like any other assets by those who have registered it. Loans and other financial benefits can be accessed and secured by use of registered trademarks. By registration, asset value is attached to trademarks. Upon registration, the trademark becomes an intangible asset of the organization. Goods and services bearing trademarks have the benevolence of the firm. This adds the firm’s assets and value. Registered trademarks can be sold out to others. Value and importance of a trademark is achieved only through registration. Trademarks can only be used as an asset once registered hence the need for individuals and companies to do so.
Another key advantage of registering a trademark is that it functions as a license and can aid in fighting counterfeit goods. The licensee gets rights to institute legal proceedings upon infringement. A registered trademark is separable from the business. This gives owners of registered trademarks advantages of being able to transfer the business and the trademark at separate ways and even to different persons. The validity of registration is possessed by those who possess the certificate of registration. Once the trademark has been registered, the registered symbol or word may be used for the good and services listed in the registration. Expansion of business can be obtained through registered trademarks since they are globally accepted. Development can be achieved through this. Registered trademarks aid in preventing importation of counterfeit goods. Goods manufactured and branded with trademarks are recognized as the legal products. Through this, counterfeits are easily identified. It is a prime necessity for firms and individuals to register their trademarks. Only on registration to firms and individuals stand a chance to enjoy the benefits of a registered trademark.
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