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. Legal tussles are avoided when registrations are attained due to registration of trademarks. Once registered, trademarks become legal rights of those who have registered them. On registration, trademarks gain asset value hence the possibility of lease. Trademark licenses are renewable. The need for renewal may arise as a result of annual registrations. Different advantages are associated to trademark registration.
Ownership of exclusive rights is one of the main advantages of trademark canada registration. Federal laws permit usage of registered trademarks by an individual or company. 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. 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 makes the assets of the firm increase. Due to the asset value gained, trademarks can be transferred. 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. Both the business and the trademark are separate parties. Trademarks and businesses can be sold to different individuals. Certificates or registration are a valid implication of the owners of trademarks. The words and symbols used for registration can be use as stated in the registration policy. The global acceptance of registered trademarks can be used as tools for business expansion. This gives the business to develop. Counterfeit products can be eliminated from the market by use of registered trademarks. Goods manufactured and branded with trademarks are recognized as the legal products. This aids to easily notice fake goods. It is the duty of individuals and companies to ensure they acquire and register their trademarks. Through this, they will be able to enjoy the advantages associated to trademark registration.
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