Trademark licensing has a significant role in business operations in the Philippines. It is essential for businesses to protect their intellectual property rights, including trademarks. As trademarks serve as the identity of your brand, making it easily recognizable and distinguished from others.
Having a trademark license provides opportunities for businesses to reach new markets, enhance brand visibility, and generate additional revenue streams through licensing fees. Brands or names that are going to be used on products or services should be protected by registering them as trademarks with the Intellectual Property Office of the Philippines (IPOPHL). By obtaining a registered trademark, you gain exclusive rights to use that mark in connection with the goods or services specified in your registration.
What are Trademarks and Why is it Important to License?
Trademark is a unique symbol, word, phrase, design, or combination thereof that represents a brand or business. They serve as a powerful tool for distinguishing and protecting the identity of a company. It allows consumers to recognize and differentiate one company’s offerings from another’s. Moreover, a well-established trademark can instill trust, loyalty, and credibility in the minds of consumers, making it a valuable asset for any business.
It is important for a company to license its trademark for the reason that it serves as a form of intellectual property protection, giving businesses the exclusive rights to use their mark in connection with their goods and services.
Additionally, it prevents others from unlawfully using a similar mark that may cause confusion among consumers or dilute the distinctiveness of the brand. By obtaining a registered trademark, a business gains legal ownership and the ability to enforce its rights against any unauthorized use or infringement. This not only protects the business’s reputation and market share but also provides a solid foundation for growth and expansion.
Duran & Duran-Schulze Law Can Help!
As a law firm specializing in this area, we are committed to providing the necessary guidance and expertise throughout the process.
Research
We can assist you by conducting comprehensive research to determine if there are any existing trademarks that could potentially conflict with yours.
Application
Registration of trademarks, copyrights, patents, and other forms of intellectual assets. Ensuring that it meets all legal requirements and includes the necessary details to protect your mark effectively.
Enforcement
Provide valuable advice on the best strategies and guide you through potential legal hurdles to maximize the scope of protection for your trademark.
Need further information and assistance regarding Trademark Licensing? Talk to our team at Duran & Duran-Schulze Law to know more about the requirements and process. Call us today at (+632) 8478 5826 or +63 917 194 0482, or send an email to info@duranschulze.com for more information.