Advantages of International Trademark Registration
Corporations and companies who have the huge desire to expand their businesses past their localities have to consider registering under the international trademark registration. Having an international trademark provides numerous advantages to businesses, it reduces most of the risks that a company most likely going encounter in the quest of expanding its territories. In the quest of making more profits, companies are now able to freely access a lot of registered countries.
To start, the United States, China, Japan and the European Union countries are among the countries that are recognized to be members of the international trademark registration. Businesses are given a very good opportunity to expand their businesses to other territories factoring in that a lot of countries are registered in the international trademark. Consequently, companies have the freedom to decide on which country they want to base their business as long as the country has been registered under the international trademark registration.
The technicalities present in the international trademark registration can be easily managed and significantly efficient for the companies that want to be registered. In an event that a company has dedicated its participation by filling an application, then protection is provided to them in the countries that they will decide to participate in. Having an international trademark registration also prevents competitors from using your company’s logos, motto or any other factor that is a major identity to your business. Emergence of threat and rivalry that a business entity may consequently face is therefore adequately reduced.
In the event that a crime is committed a company, then its only through the international trademark registration that they are able to sue. Factoring in that criminal offenses against a business are dealt with justly, there is a minimal possibility of an occurrence of future detriment of the trademark among the countries under the international trademark registration. Businesses can consequently grow in the respective countries because there is adequacy of legal protection.
A business entity has a high potentiality of growing in many countries with the fact that a lot of countries are registered under the international trademark. Companies are assured of not having a lengthy procedure in the event that they want to sell their trademark partially or wholly or if they want their address to be changed. A requirement that is needed from the company is that the only submit a notification to one authority that is relevant. A company is highly prevented from the numerous number of counterfeiters who might want to sabotage its business affairs only through protection given under the international trademark registration. A replication of the company’s product is therefore prevented from the rise of the market industry.
In conclusion, the international trademark registration is less costly for the companies since they are only needed to renew one registration.