What is the importance of trademark registration?
Trademark Registration is a legal protection for your Brand name which can’t be copied by any other party Legally. If in case they copy that brand then through the Rights under Intellectual Property Act. The owner of the Trademark can recover the whole profit earned with the name of Registered Trademark.
Many of my clients have said that their lenders or investors felt more comfortable once registration was achieved in important countries.
if you have registrations in major countries such as US , UK you can persuade amazon, eBay etc. to shut down infringing websites without the time and expense of court action.
Customers even search and see you are serious about your rights. It is so cheap to do you look very cheap if you don’t do it.
If you need to prevent infringing use by competitors the court will assume that your right is valid until the other side has proved that it is not. The percentage of registrations found invalid is minuscule. Once you have registration it can be renewed forever as of right. In the UK registration no 1 remains valid as the owners renewed it every ten years since 1876. You have to police the use of the mark, use and renew and then it’s yours forever.
If you have a registration potential licensees have an easy way of finding you. Lenders can give loans secured on registrations.
It is wise to consult the advice of a IP attorneys in Vietnam to help assist you with your trademark. We are a legal marketplace with quality lawyers who are knowledgeable in various areas of the law—including intellectual property rights.