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One of the key reasons your consumers or clients purchase from you is the goodwill associated with your trading names and brands. However, you must protect the goodwill against others in the marketplace.
The more crucial it is to preserve your intellectual property, the more valuable your names and trademarks are. To begin with, be sure that your trading name is secured. This is specifically valid if you provide a distributor or agent permission to use it, in which case they will be reselling your branded products and services. You can be requested to affirm that your trading names are protected if you're starting a joint venture or bringing in venture money.
Utilize your brands and business name.
Utilizing a name or brand is the most effective strategy to protect it. The more people who link a name to your brand and/or your products and services, the more the courts will acknowledge your ownership of such rights and take appropriate legal action against violators. You can take action by sending a cease and desist letter to a competitor engaging in business name infringement.
Register your intellectual property assets like trademarks and copyright.
Think about registering your names and brands to protect them. For instance, you can apply to register your name or brand as a US trademark at the USPTO if it distinguishes your goods or services from those of other firms. Your name or brand can be words, logos, pictures, letters, forms, sounds, smells, or any combination of these. As a result, the courts will quickly and easily enforce your monopoly on using your trade mark in respect to the products and services you identify in your application.
If it isn't already a company name, you could also register it as a domain name and company name like an LLC or corporation.
Be on the lookout for intellectual property theft.
Think about utilizing a "watching" service to keep an eye out for business name infringers on the Trademark Registry, Amazon, and several domain name registries. You are alerted as soon as a name with the same or a similar meaning is requested or registered, allowing you to take appropriate action.
Additionally, monitor informally by using search engines to look for instances of the same or similar names on the internet, keeping an eye on the Yellow Pages and the trade press, and hearing rumors from clients, partners in business, suppliers, and others.
Take legal action against violators
Take prompt, forceful action against violators. The more you wait, the more the infringement is assumed to have been accepted.
You will frequently have a number of legal options to pursue the infringer businesses in the same dispute. Your options include:
If you trade or are represented in other nations, you might need to take action there.
Choose your course of action.
You'll need a plan, but exercise caution. It is quite conceivable to win in one forum but lose in another because different criteria will be used in each one. Additionally, a variety of remedies are accessible, and each set of proceedings has a unique timeline. While aggressively pursuing every remedy may be justified, it also runs the risk of complicating the situation and encouraging the trademark infringer.
With the help of an advisor, thoroughly consider your plan to:
Make the IP dispute work in your favor
Typically, you seek to halt the offender and receive payment. Another option is to grant the business name infringer a license to use your name lawfully in exchange for a fee, turning the legal conflict into a source of income for you. Consider the infringer as a potential collaborator in any disagreement rather than just the "other side."
1 comment
Alan Edwards
June 06, 2024Thanks for the article. Trademark infringement elements are the specific criteria that must be proven to succeed in a trademark infringement case.
Alan Edwards || wisermarket.com