Introduction
Trademark protection allows the owner of a distinctive device (such as a word, logo or slogan) to obtain the exclusive right to use that mark in the sale of goods or services.
A carefully selected and managed trademark can become a valuable business asset. As customers learn to value and trust a trade mark, they may be willing to pay more for a product or service bearing that mark. This enables a business owning a quality trademark to stand out in the marketplace and gain a competitive edge. This is particularly likely where the consumer has become enamoured with the quality of its produce. A just reward for producing a quality product, and for carefully marketing it therefore, is the enhanced profitability that comes with being regarded favourably by the public.
Distinctiveness
With registration, it becomes possible to prevent others from using or attempting to register similar or identical trade marks. Indeed, the mere fact of trade mark registration is likely to dissuade other traders from attempting to pass off their goods as being in some way associated with the trademark owner’s business. Where this deterrent effect is not enough, it is of course possible to take legal action against troublesome infringers, to ensure the cessation of their potentially damaging activities. (more…)
