Don't wait to trademark your product or brand. By the time you 'get around' to it, a competitor could have nabbed your intellectual property and you will have no safety net to protect your business. Mark Kingsley-Williams, director of Trade Mark Direct, takes you through the trade mark process, explaining the whys, hows and wheres of registering a trade mark and protecting your start-up.
Without a registered trademark, your competitors will find it easier to use your name for similar goods or can even apply to register it themselves and stop you using it. Also, once you have already begun trading and built up some good will in your name, it will be more costly and onerous to discover then that your name cannot be protected as a registered trade mark and that you should re-brand your business.
A registered trademark will also allow you to bring an action for trademark infringement against anyone trying to use your name for similar goods. This is important as it is notoriously difficult and expensive to succeed in a 'passing off' action if you only have an unregistered trade mark.
You can trademark your name, or the logo, or both together, as a single application. Each option gives a different degree of protection to your brand.
While your name and logo are unregistered, you can put the TM symbol for an unregistered trade mark next to them. You can also use the copyright, C, symbol next to your logo. However, it is a criminal offence to use the registered trademark symbol, R, next to a word or logo that is not registered. Using the registered trademark symbol will warn competitors that your mark is registered and also make them less likely to challenge it.
Registering your business with Companies House or owning a domain name does not give you the rights to use that name as a trademark. In fact, if another company has already registered the same name as a trademark, you may actually be infringing their rights.
The process to get a trademark is not expensive - from under £500 - for rights that last for 10-years and can be renewed inexpensively.
The design process
Establishing a corporate identity is one of the most important things a business will do, therefore ensure that you use a designer who understands basic trademark law.
The value of your brand name
Even if your product isn't an international sensation (yet), the name it is registered under as a trademark could become incredibly valuable if a competitor wants to use it.
For example, when Apple was launching the iPad, a company in Brazil was using the name already for a portable defibrillator. As the name was registered in Brazil, the trademark was safe and Apple could not force the company to cease trading and re-brand - a costly process for any business - which it could have done otherwise. For small businesses who haven't got round to registering their own trade mark yet this should be a wake-up call.
Protect your trade mark
The speed at which a brand can be destroyed is breath-taking, so make sure that your brand is properly protected with all the correct trademarks in place.
To check for free whether your company or product name can be trademarked visit www.trademarkdirect.co.uk.