Benefits of Trademark Registration
Both businesses and individuals need to register their trademarks for maximum gain. Firms offering advices on trademarks as well as how to register them exist. On registration of a trademark, official rights of usage are gained. 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. On registration, official rights are gained on trademarks and become individual property. On registration, trademarks gain asset value hence the possibility of lease. Trademark licenses are renewable. Annual registration and licensing may make renewals applicable. Different advantages are associated to trademark registration.
Ownership of exclusive rights is one of the main advantages of trademark canada registration. Upon trademark registration, one gains the right to exclusively use the mark in respect to federal laws. Branding of goods and services covered by the registered trademark can bear the mark. Differentiation can be done by use of trademarks since different companies and individuals bear different trademarks. When the trademark is now used by other parties, the firm which has registered the trademark has rights to sue for compensation. A trademark can only be owned upon registration.
A registered trademark can act as property of those who have registered it. Registered trademarks can act as loans securities for companies and individuals who own them. By registration, asset value is attached to trademarks. The assets value of a registered trademark is intangible. A product bearing trademark bears the goodwill of the company. This adds the firm’s assets and value. A registered trademark can be transferred to other persons. 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. On contravention, those who have registered the trademarks can institute a legal actions. A registered trademark is separable from the business. Due to their ability to be separated from the business, each can be sold to diverse buyers. Certificates or registration are a valid implication of the owners of trademarks. 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. This gives the business to develop. Counterfeit products can be eliminated from the market by use of registered trademarks. Original products have trademark marks and signs. Through this, counterfeits are easily identified. It is the duty of individuals and companies to ensure they acquire and register their trademarks. Only on registration to firms and individuals stand a chance to enjoy the benefits of a registered trademark.