Benefits 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. There are legal rights associated to a registered trademark. Upon usage of other firms trademarks usa can lead to prosecution therefore, it is important for individuals to register their trademarks to prevent legal tussles. Registered trademarks become legal properties and assets of those who registered them. Registered trademarks can be hired since they become assets. The nature of trademark licenses is that they can be renewed. 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. This differentiates goods of different firms since they will not have similar trademarks. When the trademark is now used by other parties, the firm which has registered the trademark has rights to sue for compensation. It is only by registering a trademark that an organization can own it.
A registered trademark acts as an assets and security. Registered trademarks can be used by firms to secure loans from lenders since it function as a security. By this, the trademark acts as property for those who registered them. The assets value of a registered trademark is intangible. The goodwill of the firm is carried and possessed by the goods having its trademark sign. This makes the assets of the firm increase. A registered trademark can be transferred to other persons. It is only upon registration that a trademark gains value. For those intending to attach asset value to their trademarks they must register them.
Counterfeit products can be eliminated by use of trademarks. The licensee gets rights to institute legal proceedings upon infringement. A registered trademark can be separated from the business. Due to their ability to be separated from the business, each can be sold to diverse buyers. 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. Registered trademarks can be used to obtain registration in foreign countries thus protecting the company worldwide. Development can be achieved through this. Registered trademarks can be used to fight counterfeit products. Original products have trademark marks and signs. Through this, counterfeits are easily identified. Individuals and businesses have an obligation to legalize their trademarks. Only on registration to firms and individuals stand a chance to enjoy the benefits of a registered trademark.