The protection of your brand is essential when beginning a business. The use of trademarking your name and logo in this situation. However, a common question among business owners is how much it will cost to patent a name and logo.
The price to patent a name or logo might differ depending on a number of variables. First, the price will vary according to the kind of trademark you want to seek. A TEAS Plus application, which needs extra effort from the applicant, can cost between $125 and $225 whereas a conventional trademark application might cost between $225 and $400. Additionally, you can anticipate paying anywhere between $500 and $2,500 in legal expenses if you engage a lawyer to assist with the application.
In addition to legal fees, the price of patenting a name or logo can change based on how complex your trademark is. The United States Patent and Trademark Office (USPTO) will need more time to process your application the more complicated your design is. This implies that you might have to fork up extra money for expedited processing, which might cost anywhere between $100 and $1,000.
So what happens when a logo is trademarked? By trademarking a logo, you can prevent others working in the same or related industries from using it. This implies that you have the legal right to prevent someone from using your logo to market a comparable good or service. If you trademark your logo, you can also license it to others, opening up new revenue opportunities for your brand.
The USPTO does not, however, accept all trademark applications. The most frequent cause for rejecting a trademark is that it is too similar to an already-existing trademark. The USPTO may decline to register your trademark in this situation. Trademarks that are deemed to be excessively general or descriptive may also be disregarded. This is so because generic or descriptive names cannot serve the purpose of a trademark, which is to identify a particular source of products or services.
Can one trademark one word? It is possible to trademark just one word. It must, however, adhere to specific standards. The word must be distinct and avoid being overly descriptive of the good or service it refers to. Additionally, no other business operating in the same sector may already be using the word.
Can you trademark a generic name? Generic names typically cannot be trademarked. This is due to the fact that they are overly descriptive and are unable to serve the purpose of identifying a particular supplier of goods or services. However, a generic name might qualify for trademark protection if it has developed a secondary meaning in consumers’ thoughts.
In conclusion, registering a name or logo for patent can be a difficult process with a range of expenses. But it’s a crucial step in safeguarding and enhancing your brand. You can make sure that your brand is legally protected and well-positioned for success by being aware of the procedures and requirements for trademark registration.