Celebrities are frequently viewed as independent brands. By enhancing their brand, endorsing goods, and producing things, they turn their brands into empires. However, there is a chance that their name will be used for personal advantage when they achieve enormous popularity. As a result, lots of famous people decide to trademark their names.
A trademark is a form of legal protection for an original name, logo, or other distinguishing feature. Only the person or business who owns the trademark may use a name that has been registered as a trademark. This implies that it cannot be used by anybody else in connection with a comparable good or service.
Depending on the nation and the type of trademark, different brands have different trademark fees. A trademark application in the US costs between $225 and $400 per class of products or services. If you engage a trademark lawyer or if there are any problems with the application, the price will go up.
A trademark purchase is a separate situation. Similar to any other asset, trademarks can be bought and sold. The strength of a trademark and the size of the market it serves determine its value. A trademark may be worth millions of dollars in particular circumstances.
Before establishing your LLC, it’s crucial to register your trademark in order to protect your company name. This is due to the fact that in some areas, registering a trademark is a necessity for forming an LLC. Furthermore, registering your trademark first can assist you in avoiding disputes with already registered trademarks.
Before registering your name, you should also run a trademark search to safeguard your business name. You can use this to find any trademarks that are already in use and might compete with your company name. Additionally, you should keep an eye out for possible trademark infringement and take legal action if necessary.
In conclusion, celebrities do trademark their names in order to safeguard their reputation and stop third parties from cashing in on their goodwill. Trademarking a brand might be expensive, but it’s a crucial investment for any company or person wanting to make a name for themselves. It is crucial to register your trademark before establishing your LLC in order to prevent conflicts and safeguard your company identity. Long-term brand protection can also be achieved by doing a trademark search and keeping an eye on your trademark.
There are three different kinds of trademarks: 1. Word Marks, which defend a single word or a group of words. Design marks are trademarks that cover distinctive logos, emblems, and other designs.
3. Combination Marks: These are trademarks that combine words and visual elements to protect the full combination.