Protection of your intellectual property is the most important thing to do in today’s modern business world. One of the best and effective ways is through Trademark Registration. Let’s learn through this article on how trademarks safeguard your intellectual property.
How does Trademark Registration protect your intellectual property?
Legal Ownership and Control
After you get trademark registration, you are legally the owner of your brand’s identity or intellectual property. That means no one except you can use your intellectual property. If someone else wants to use it they will have to get your permission.
Prevention of Trademark Infringement
Trademark Infringement occurs when other businesses in the same industry start using a similar mark as yours and creates a confusion among customers. With trademark registration, you can take legal actions against such infringers and protect your brand’s reputation and customer trust.
Increases the Brand Value
Trademark Registration makes your mark or intellectual property an asset. You can sell, licence or franchise this asset and also use it to create a sense of trust and loyalty among customers.
Learn More: How to verify the trademark registration?
FAQs
Why should I get Trademark Registration for Intellectual Property?
Registering a trademark is essential for obtaining exclusive rights to your intellectual property. Without having Trademark registration, your firm may struggle to prove ownership. Thus, making it impossible to prevent others from duplicating or utilizing your trademark.
What happens if someone infringes my trademark?
When someone uses your mark without authorization, it is termed trademark infringement. As the owner of a registered intellectual property, you have the authority to issue a cease-and-desist letter or take legal action to prevent infringement. In circumstances of severe infringement, you can also get monetary compensation for damages.
How long does trademark protection last?
A registered trademark is normally valid for 10 years and you can get it renewed indefinitely.
Other Ways to Protect Intellectual Property
Copyright Registration
Copyright Registration protects original works which can be your intellectual property for example, books, music, art, software and more.
Patent Registration
Patent Registration protects new inventions and technological advancements. With patents, you can protect your intellectual property in the form of inventions for as long as 20 years.
Keep Detailed Records
Document the creation and growth of your intellectual property. These documents can be used as proof of ownership in legal issues.
Consider International Protection
If you operate worldwide, look into international protections through treaties such as the Madrid Protocol for trademarks and the Patent Cooperation Treaty (PCT) for patents.
Monitor and Enforce
You should regularly check the market and see if anyone is using your intellectual property without your authorization.
In case you need any further guidance with regard to online Trademark Registration, please feel free to contact us at 8881-069-069.
Now you can also Download E-Startup Mobile App and Never miss the latest updates relating to your business.