5 Biggest Benefits to Trademark Registration
The Top 5 Advantages to Trademark Registration
The benefits that businesses gain from registering their trademarks cannot be understated. This is true for both economic and legal purposes. If you have any plans for expansion or marketing, for instance, registering your trademarks before proceeding is essential to executing your strategies without major upsets or headaches. Here are five of the strongest benefits that come with registration with the United States Patent and Trademark Office (USPTO).
1. Trademark Registration Protects Your Investment from Infringement
Perhaps the most popular upside to trademark registration is the protection that it affords successful applicants. You’ve no doubt invested significant capital into your business and taken notable steps to protect those investments. However, many small business owners overlook the more intangible investments that they make by way of intellectual property (IP). IP encompasses things like your business’s name, logo, and other identifying information, just to give a couple of the most prominent examples. Without trademark registration, you have no way to protect the things that make your business unique. Registration is essential to preventing others from infringing on your IP and for enforcing your rights against anyone who does so, which helps safeguard your business’s brand and reputation.
2. Key Component of Growth and Expansion Strategies
Your Florida business is likely to run into some serious roadblocks if it hopes to expand outside the state, let alone internationally, without trademark registration. Particularly, you’ll want to look into obtaining federal trademarks through the USPTO. Getting a Florida state trademark is great for small businesses that plan on staying local, but state trademarks are only useful for enforcing your rights within that state. If you’ve been relying on state or unregistered trademarks, you might find that key components of your brand, such as your business’s name, might already be in use in other jurisdictions. Federal trademarks, on the other hand, are enforceable nationwide.
3. Trademarks Increase in Value
It’s worth mentioning again – trademark registration is an investment. Most business assets, even those used for daily operations, lose value over time or become obsolete. This is not the case for trademarks. Strong trademarks can often be expected to grow in value according to the success of your business. Assuming you keep up with state and USPTO renewal requirements, you don’t need to worry about it expiring, either. This means that trademarks – and your intellectual property protection strategies in general – are something to be regularly and consistently developed, just like any of your business’s other assets. You’ll be glad you did when it comes time for the valuation of your business.
4. Trademarks Make the Brand
Trademarks are critical to, if not synonymous with, your branding and marketing efforts. Whatever your industry, chances are that your field is as crowded as it has ever been. Strong trademarks, when combined with tried and true marketing strategies, can help make your business stand out in the public eye by making it more distinct and easier to remember. Not only will the name or design be uniquely your own thanks to your ability to defend against infringement, but you’ll also benefit from the professionalism associated with the various trademark symbols as well. Similarly, customers will have an easier time finding your business and understanding what sets it apart from the competition.
5. Trademark Registration Attract Potential Buyers and Investors
Another commonly overlooked fact about registered trademarks is that they can be bought and sold like any other asset. They’ll be factored into your company’s valuation, which can make it more attractive to potential buyers. Businesses with USPTO registered trademarks are highly appealing to investors, too. You can also license your registered trademarks to other entities or individuals for some extra income.
Your business’s intellectual property is too important to leave unregistered. For a practiced attorney’s assistance, call our offices at (727) 279-5037 or visit our service pages for both Florida state and federal trademarks.