Use IP To Increase Your Business Value

We may think that registering intellectual property (IP) ownership rights are fairly new event it is not. Even the Romans stamped bricks to show their sign of ownership. Trademark law is quite ancient dating back to the year 1266 in England. The old law known as the “bakers marking law” used to show the maker of a loaf of bread. Each baker would have their own registered mark.

Trademark law is very well established globally. It is still flouted in some developing nations but that is the joy of the jungle. Most established businesses these days have trademark protection or are in the process of getting protection. Most people think that you have to legally register a mark to be able to use it but the opposite is true. You register a mark so that others cannot use it! When you register a trademark you gain the unique right to be the only one to use the mark or to control who can use it.

A trademark is a specific mark that allows customers to recognize you without seeing your product or service. It is a unique part of your brand. Trials have shown that you can display just part of a well-known trademark and people know which brand it belongs to. This indicates the power of a good image and how the brain works at recalling such things. This is why it is key to legally protect important marks and words.

In most countries if you create something yourself you have the sole rights to use this. However if an idea is used by many people it very quickly becomes common property and cannot be registered. It is always best to legally register marks and ideas. Registration legally specifies the date of ownership beyond any sense of doubt. In some countries common law gives some trade protection but at the end of the day you have more protection if you engage trademark lawyers to protect important intellectual property.

These days you can self-register a trademark but there are inherent hazards of doing this of course. Trademark lawyers of course know how to register and how to protect possession if the rights are misused. They know the full story of registration and protection. If you self-register you may get a cheap registration but you may have left a loop-hole for somebody to misuse your rights later on.

Registration of trademarks can be done in one or more countries. Presently there is no such thing as a global trademark. You have to register in all the nations where you require protection.

Registration has become easier over the recent years with the creation of systems like the Madrid System of International Registration of Marks through the World Intellectual Property Organization, Geneva, Switzerland but global registration is still a boring and fairly costly process.

Of course the benefits of registering a trademark outweigh the costs and challenges. If you are focused about your business you should be looking at registration today.

Discover more about Trademark Registration Singapore and uncover how does a patent lawyer and IP protection increase the net worth of your business rapidly.

Published by: Christopher Lee on October 21st, 2009 | Filed under Intellectual Property



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