Why Having an International Trademark Registration is Important
International trademark registration have a lot of advantages for companies who have the ultimate the urge of growing their territories past their residential boundaries. There is a reduce in the risk that a company incurs with its determination to prosper in penetrating to other countries, this is one of the advantages that a company gets from acquiring an international trademark registration. Freedom to have their establishments in other countries is a privilege that is offered to companies and individuals.
Firstly, there are many countries that are recognized members of the international trademark registration such as the United States, China, Japan And the European Union countries are included. Considering that a lot of countries have been registered under the international trademark registration, businesses therefore have the grand opportunity of effectively broadening their business localities. 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.
Efficiency and manageability are factors involved in technicalities that constitute the international trademark registration. Protection is therefore ultimately offered for countries who are registered under the international trademark. Protection from competitors are guaranteed under the international trademark registration, the company’s logos, motto and any other identifying factor of the company are therefore safe. Emergence of threat and rivalry that a business entity may consequently face is therefore adequately reduced.
Through an international trademark registration, an individual or a body corporate are able to sue just in case a crime is committed against them. Countries under the international trademark are therefore saved from the fact that a trademark detriment may occur by the fact that there is a chance to sue in case a crime is committed. Legal protection therefore offers an opportunity for companies to prosper away from their territories.
The business growth is therefore guaranteed since the company is able to have its business running in so many countries that are registered under the international trademark. Given that a company wants to change its address or partially or wholly sell its trademark, the procedure to be followed is not a lengthy one. A requirement that is needed from the company is that the only submit a notification to one authority that is relevant. Through the international trademark registration, then the chances of counterfeiters sabotaging your business’ products is close to minimal. A replication of the company’s product is therefore prevented from the rise of the market industry.
The trademark registration is therefore less expensive for companies, this is because they are needed to renew only one registration,