The Importance of Proper Trademarking for Startups
For startup founders and entrepreneurs, your brand name can become a key asset for your business. However, in the rush of startup life, it’s crucial not to let the excitement overshadow the importance of securing a trademark for your company and products. Failing to do so can lead to costly consequences in the future. Here are 5 common mistakes companies make with trademarks and how to avoid them.
Mistake #1: Choosing an Ineffective Business/Brand Name
Your brand name is a valuable asset that shapes the identity of your products and services. The strongest brands are inherently distinctive, like “Apple,” “Google,” “Nike,” and “Haagen-Dazs.” Avoid generic terms and instead opt for whimsical, invented names. These distinct marks are more likely to be successfully registered.
Mistake #2: Neglecting Website Domains and Social Media Handles
Ensure your chosen brand name is available on major social media channels before finalizing it. Also, secure the corresponding website domain. Neglecting this step could disrupt your marketing and sales strategy, especially if you plan to implement a content marketing approach.
Mistake #3: Filing Too Early
Filing a trademark prematurely can be a misstep. The United States Patent and Trademark Office (USPTO) offers two ways to file: a “use in commerce” application or an “intent to use” application. Filing too early, especially with an “intent to use” application, can be costly. Focus on developing your product and market strategy before pursuing trademark registration.
Mistake #4: Neglecting Legal Counsel
Filing a trademark without legal guidance is a low-cost, high-risk decision. While it may seem economical, mistakes in the application process can be costly to rectify. Consider consulting a trademark lawyer to ensure your application is thorough and legally sound.
Mistake #5: Overlooking Trademark Attorney Assistance
Engaging a trademark attorney might seem like an additional expense, but it’s a crucial investment in protecting your brand. Their expertise can prevent costly errors, ensuring your trademark is properly registered and defended.
In conclusion, understanding and avoiding these common trademark mistakes will help safeguard your company’s brand and set you on the path to business success. Seeking guidance from experienced Property Attorneys to navigate these intricacies can be invaluable. Take the time to secure your brand properly with their assistance, and it will pay off in the long run.