Trademark is a sign for consumers to identify the goods or
services of each company from those of others.
Trademarks are an important part of client company’s competitive
edge. As consumers, our purchasing decisions are constantly influenced by
trademarks. As business people, we should have a better understanding of why
trademarks are so important to effective commerce. Trademarks are also used as
a way of protecting consumers. When businesses are responsible for any products
or services bearing their trademark, they tend to take more pride in products.
To maintain a good reputation, trademarked companies will often work harder to
provide quality services and products. Reasons
Trademark registration services in
Vietnam
Trademarks Are Important to Your Business.
- Trademarks make it easy for consumers to find you.
- Trademarks help prevent marketplace confusion
- Trademarks are a very economically efficient
communication tool
-Trademarks are your most enduring assets.
-Trademarks support stronger sales volume,
stronger margins, and can provide price maintenance legally
-Trademarks are relatively inexpensive to
protect
-Trademarks allow businesses to most
effectively utilize the Internet
-Trademarks are very effective against unfair
competition
1. Trademarks make it easy for consumers to find you.
- Trademarks help you
distinguish your products and services from those of competitors and help
identify you as the source.
-Trademarks indicate a consistent level of quality of your
products and services.
-Awareness of your brand and the goodwill embodied in your
trademark can often take decades to establish.
-Aggregate cost of advertising, promotion, marketing, and sales
efforts can easily reach into tens of millions or even billions of dollars,
depending on the product/service.
-Differentiating your product/service from competitors is
increasingly difficult to achieve, especially over a protracted period.
-Trademarks are the most efficient commercial communication tool
ever devised to:
• "cut through the clutter";
• capture the consumer's attention; and
• make your products/services stand out.
2. Trademarks help prevent marketplace confusion
- Trademarks protect the
consuming public by preventing confusion as to the source of goods or services.
-If the product made under a brand turns out to be defective,
consumers have accurate information about the source of a product and can
return it to the manufacturer or supplier for a refund.
-Trademarks give consumers the ability to protect themselves by
relying upon known brands of products or services.
-Trademarks provide consumer convenience by allowing consumers to
identify (by word, logo, slogan, package design, or other indicators of origin)
which product or service they would like to purchase or to avoid purchasing.
-Trademarks provide consumer convenience by allowing consumers to
base their purchasing decisions on what they have heard, read, or experienced
themselves.
-Trademarks motivate companies to provide a consistent level of
quality, helping the consumer to decide whether to purchase a desirable product
or service again or to avoid an undesirable one.
3. Trademarks are a very economically efficient communication tool
-Trademarks dramatically reduce the costs of decision-making by
allowing consumers to rapidly select the desired product or service from among
competitive offerings.
-Trademarks can wrap up in a single brand or logo intellectual and
emotional attributes and messages about your:
• Company;
• Reputation;
• Products and services; and
• Consumers' lifestyles, aspirations, and desires.
-Trademarks can work effectively across borders, cultures, and
languages.
-Famous marks can be recognized as brands even when the native
population speaks a different language and reads a different alphabet (i.e.,
the McDonalds "arches" logo, the NIKE "swoosh" logo).
4. Trademarks are your most enduring assets.
-Trademarks are one of the few assets that can provide you with a
long-term competitive advantage.
-Trademarks are usually the only business asset you have that can
appreciate over time.
-Trademarks are leverageable - they provide value beyond your core
business, and can pave the way for expansion (or acquisition, if desired) of
your business.
• Brand Expansions:
• KELLOGG'S - from "ready-to-eat cereals" to "snack
bars and breakfast bars"
• ARMANI - from "runway apparel" to "perfumes and
eyewear"
• VIRGIN - from airline services to entertainment media and
carbonated drinks
5. Trademarks support stronger sales volume, stronger margins, and
can provide price maintenance legally.
-It is often difficult to see significant differences among
competing products.
-Your brand can be the critical factor in driving the consumer's
purchase decision.
-The price variance among competitive offerings can also be
substantial, often by 100% or more in the same setting, such as a newspaper.
Once again, your brand can make the difference.
6. Trademarks are relatively inexpensive to protect
-Once you have successfully registered a trademark, it has a potentially infinite lifespan with
the filing of renewals. Renewals can be filed every 10 years after registration
in the U.S. so long as the mark is being used in commerce (there are certain
exceptions to this use requirement that will not be discussed here).
• COLT (first registered in 1889))
• QUAKER (first registered in 1895)
• PEPSI-COLA (first registered in 1896)
• MERCEDES (first registered in 1900)
-Trademarks share attributes with other forms of property, like
real estate, as they can be:
• Bought and sold ("Assignments")
• In the acquisition of a business
• In the acquisition of a specific product line
• Pledged (as security, like a mortgage)- to secure loans to a
business
• Licensed (like renting or leasing)
• Character merchandising
• Sports endorsements and sponsorships
• Co-branding promotions, sweepstakes, contests.
7. Trademarks allow businesses to most effectively utilize the
Internet
-Trademarks are often the "top-of-mind" address for an
Internet user seeking information about a company and its products/services.
-Higher traffic on a website translates into higher rankings on
search engine results, bringing even more traffic.
-As a result of the importance of the Internet to marketing, it is
crucial to obtain desirable domain names at the same time that a trademark is
adopted.
-The Internet also has the potential for widespread unauthorized
use of your brand, requiring vigilance to police both proper use of your brand
and infringements of it:
• META tags
• Embedded or hidden text
• Counterfeits and design knockoffs
• Gray market goods
8. Trademarks are very effective against unfair competition
ANT Lawyers in a law firm in Vietnam, recognized
by Legal500, IFLR1000. We are an exclusive Vietnam member of Prea Legal, the
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