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. Business enterprises are now able to have the freedom to conquer many countries and make more profits from what they have.
Notable and identified members of the international trademark registration are Japan, China, the United States and the European Union countries. 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. Moreover, individuals or any body corporate are free to choose to grow their business on any other country as long as it is registered with the international trademark.
Efficiency and manageability are factors involved in technicalities that constitute the international trademark registration. By the virtue that a body corporate or an individual has filed an application, then they are able to get protection from other countries that they decided 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. This therefore ultimately reduces the emerging threat or rivalry to the company or an individual who wants to expand their business to other countries.
In case a crime is committed to a company, then they are able to sue only through an international trademark registration. 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. The company is only required to provide notification of the change to only one authority. Through the international trademark registration, then the chances of counterfeiters sabotaging your business’ products is close to minimal. A challenge faced by the company of their products being copied with the fact that the counterfeit is rapidly increasing is therefore significantly reduced.
Finally, the international trademark registration is significantly inexpensive considering that the company only needs one registration.