Trademarks are important to protect your brand identity. Your business name, products, or services, need to be protected by trademark & copyright attorneys to keep competitors from imitating you. Trademarks are also necessary to build profit in your business through licensing.
A trademark is a special type of symbol, word, or logo that a business or nonprofit organization uses to identify its products or services. It is like a unique badge that sets your business apart from others in the eyes of your customers. Trademarks can be essential for small businesses and nonprofit organizations for several reasons.
Brand Recognition:
Trademarks help people remember your business or nonprofit. When they see your trademark, they immediately know it is associated with your specific products or services. For example, think about the famous apple with a bite taken out of it – what company does that bring to mind? That is what a registered trademark can do for your business.
Protection:
Trademarks legally protect your brand from being used by others without your permission. This means no one else can use a similar name, logo, or symbol that might confuse your customers. This helps prevent others from riding on the reputation and success of your business or nonprofit. This also builds value. A registered trademark is an asset which can be bought, sold, and licensed. This can provide your business with additional revenue streams and opportunities.
Trust and Credibility:
Having a trademark can make your business or nonprofit appear more professional and trustworthy in the eyes of customers, donors, and partners. It shows that you are serious about what you do.
Additional Revenue:
Once you have your trademark registered, it is important to consider how to leverage those assets to increase profitability. A licensing agreement is the best way to leverage your intellectual property, by allowing others access for a fee. Licensing legally protected trademarks can provide strategic and marketing benefits to your business. This can open up doors to co-branding opportunities, partnerships, and increases in brand awareness. Use your registered trademark to build marketing visibility, enhance your brand image and exposure. Licensing is a much neglected area that can generate significant additional revenue and profits.
Trademark Services Include:
- Trademark Clearance Searches
- Trademark Application Preparation
- Office Action Responses
- Trademark Monitoring
- Trademark Change of Ownership
- Trademark Portfolio Management
- Trademark Renewal Filings