Trademarks are basically the name of the business or brand which is legally registered, unique, and 100 per cent authentic.
Having a trademark is extremely essential for a business in the industry. Having a registered trademark gives the business some ultimate strength and uniqueness to stand in the global market with all the copyrights.
A trademark can be explained as any name, identity, symbol, slogan, word, or device that a business uses to distinguish itself from other people in the market or in the global industry.
In simplest words, it gives your business its own unique identity to operate with pride. However, in any case, if someone tries to copy anything from you or your business that is registered with the trademark, you can easily claim it legally, which means it gives you authority over anything that you make as your own trademark.
A trademark protects you from getting any of your work copied or stolen from you and you can legally claim it and take any legal action against this kind of forgery.
If it is to answer a simple, common man about the need for a trademark of the business, then it will be quite simple that a trademark registered business is an alike signature and if anyone tries to forge it, the person involved in that forgery will have to face the legal allegations for the forgery laws that he or she committed.
Furthermore, this simply means that having a trademark is like your protection against all kinds of copyright infringements and frauds.
It is believed that trademarks also increase and elevate the reputation and position of the business in the global market and gives the businessmen an upper hand over all the other who were never registered or never tried to do it for themselves.
How to know if your business is eligible for having a trademark?
Well, now if you have understood the benefits and the dire need for a trademark for the businesses, and want to register your business name, product, symbol, or anything as a trademark, then it is high time for you to know even if your business is eligible for having a trademark or not.
If you talk about the trademark, you need to talk about the laws as well, as at the time you register your trademark you have to follow all the requirements regarding the registration of your business.
Therefore, in order to be eligible for having a trademark for your business, the trademark must be distinguishable and in use as a trademark completely unique and distinctive.
If you have got a registered trademark that still has a business name, you can still obtain a trademark by developing a great-faith assertion in writing to even use the symbol at some stage in the future for the trade. There are four separate types of trademark distinctiveness, which include, imaginative, suggestive/arbitrary, descriptive, and generic.
Moreover, Suggested and arbitrary marks are considered particularly distinctive, since their accreditation is established by the first individual to register them.
Descriptive marks, geological or geographical terms, and personal names must have a secondary meaning in the minds of consumers in order for approval to be offered. However, you are not in a position to label a word or symbol that is very common or commonly used by businesses. As a business, you need to take care of all of these if you want to get your trademark registered.
Furthermore, you need to take care of these things as your religious guidelines while registering your business if you successfully want to register your business and make it completely yours forever.
Why a business should trademark itself?
This question is often asked by so many people who have their business and they want to know why they should do it when they are already running their businesses smoothly.
Well, the answer to it is quite simple, when you work in an industry with so much versatility, you need to have your own unique place that is hard to compete or replace. This means that every business needs to have its own place in the market with a set of its own unique qualities and capabilities, which sets them apart from all of its competitors.
Moreover, with so many products in the market, you need something to keep your products apart from all the other similarly serving products in the market.
Your identity needs to be so unique that no other business would be able to compete and that can only be achieved with a trademark as it makes the business’s place stronger and strengthens the positions of the business in the market and among all the other competitors’ products.
Although not required by law, it is a great idea to register the title of your business as a trademark. Throughout the incident that any other business attempts to use the same or similar name, you will also have all the legal recourse to prevent it.
A trademarked name identifies all of your services and products as yours and nobody else’s, and can also defend you from counterfeit goods. This not only keeps you distinguished but also keeps your customers safe and intact.
You might have heard about many products that go out in the market and the time they hit the market and become successful, many other small businesses try to imitate the product and even the packaging to fool the customer with the same appearance but cheaper price and fake products.
This act of forgery and imitation completely disturbs the customer demand and supply and in actuality disturbs the whole business process causing the actual or authentic producers with a huge loss.
Five Main Reasons to Have a Trademarked Business
For a better analysis of the importance of trademarks for any business, you must believe in these five main reasons that tell you why it is so important to have a trademarked business as every other best trademark search service would suggest a business for its goodwill.
Here, it is listed down altogether for better understanding.
- Trademarks are an effective means of communication between businesses and customers.
- Trademarks make it easy for all of your customers to find you, without any other business names becoming a barrier between you and your customers.
- Trademarks allow all businesses to effectively utilize the benefits of the Internet and social media. As global and internet marketing only takes the people top, who are unique and distinguishable. Moreover, search engines need highly unique identities to bring them on top.
- Trademarks tend to be a very valuable asset for the businesses and they take the business to a new height and provide them with an uncompetitive position in the market. Basically, it adds value to the business products and identity.
- Trademarks can make hiring easier for any business. Your company once becomes a brand, it becomes the need of the people and they trust you better and legally recognized. Therefore, people become more willing to work with trademark registered businesses
Wrap up: Importance of Trademarks for Businesses
If you ask the experts in the business industry today, they would always tell you to tell keep everything as concise and legitimate as possible because it provides authenticity and builds trust among the customers. Moreover, where it adds value to your brands it also makes you distinctive among all the others in the market.
However, once you are legally registered, the customer believes more in you, and the business becomes highly recognized and appreciable in the market. All the above-mentioned information tells that trademarks are extremely important for the business today and will be more essential in the future as well.
Disclaimer. The views and opinions expressed here are those of the authors. They do not purport to reflect the opinions or views of IdeasPlusBusiness.com. Any content provided by our bloggers or authors is of their opinion and is not intended to malign any organization, company, individual, or anyone or anything.
For questions, inquiries and advert placements on the blog, please send an email to the Editor at ideasplusbusiness[at]gmail[dot]com. You can also follow IdeasPlusBusiness.com on Twitter here and like our page on Facebook here. This website contains affiliate links to some products and services. We may receive a commission for purchases made through these links at no extra cost to you.
I have 10 years of experience and specialize in the field of intellectual property with specific knowledge in the areas of trademark, patents, and copyright. I have published on such topics as trademark law, patent protection, and the internet.