HOW YOU CAN REDUCE TRADEMARK REGISTRATION COST?
It is invaluable Intellectual Property (IP) asset to any company or business. However, many companies, especially start-ups, hesitate to obtain a proper Trademark Registration; this is because it can prove to be prohibitively expensive. As we all are already aware that start-ups have a tight budget and so they choose to forego obtaining a Trademark Registration online In India not to overpass their budget. Without any proper plan and budget, it isn’t a good decision because a Trademark Registration is an investment in the sense that you are taking the 1st step to establish an image for your brand. There are some ways to reduce Trademark Registration costs and ease the burden on your finances.
What do you mean by Trademark Registration?
Before we discuss all the different ways to reduce the Trademark Registration cost, let’s understand the meaning of Trademark. When you consult the best Trademark Registration office – you will see for yourself how much it is considerable.
Trademark is a logo, name, or brand name that signifies the products/ services that are provided by a business or an individual. One needs to understand that the Trademark owners use the Trademark for their products or services to differentiate them from all the other similar business types. The trademark registration confers the exclusive right of its usage to the Trademark owner. 3rd parties cannot use a registered Trademark for their items without the consent of the actual Trademark owner. Trademark Registration in India is registered under Trademarks Act, 1999 and Trademarks Rules, 2017.
Some ways to Reduce Trademark Registration Costing’s are as follows:
This is one of the easiest ways to reduce the Trademark Registration cost in India. The cost to apply forms online is lesser and cheaper than submitting application forms physically to the Trademark Office. Online Trademark Registration saves a lot of time. Unlike going to the office physically one can go digital for the whole process related to trademark registration.
Choose the Correct Trademark Class
It is very important to choose the right trademark class for the products or services for which it will be applied. The applicant should describe the products or services for which the Trademark will be applied & the class of products and services in the Trademark application. According to the experts, if the incorrect class is mentioned for the product or services in the application, it will be rejected. All this can be taken care of by the best chosen Trademark Registration office In Jaipur like Alonika- the best CA firm in Jaipur.
When the Trademark Registrar determines that the products or services mentioned in the Trademark application come under the additional Trademark Class, the applicant has to file a TM-M form by paying the fee to amend the application form, including the additional class in the application. The applicant will have to endure extra costs for filing a new application if it’s rejected for mentioning the wrong class/filing an amendment application for the addition of class. Hence, it’s vital to mention the correct Trademark class in the application. If you are not aware of such regulations then worry not, we at Alonika the best CA firm are at your disposal.
Choose Trademark Carefully
Correctly choose the trademark after going through the rules & Act. As it provides the grounds on which a Trademark Registration can be rejected. Accordingly, it shouldn’t contain descriptive words, government symbols, or common words, as registered Trademarks will get rejected. And avoid choosing a trademark that is identical to an already registered mark, as it will be rejected. Hence, your registrar will go for a trademark search to find out if an already registered mark exists or not.
Hence, conduct a proper Trademark search to find out if an already registered mark exists or not. When a trademark is rejected or denied due to the grounds cited for rejection under the Rules/Act, the Trademark Registration cost is lost. Additionally, after rejection, while filing another Trademark application for a modified trademark, the registration fee has to be paid again. So, conduct a Trademark Search and follow the provisions of the Rules & Act before applying for an Online Trademark Registration to avoid rejection.
Register the Word Mark
A business or an enterprise is well-recognized by its logo and name. If the trademark has a design and a brand name, two applications, i.e., 2 Form TM-A, should be filed for registering the logo and name separately. Only one trademark category can be registered in a single application. Since the device or logo mark and name mark are two different categories of Trademark, two applications have to be filed separately for registering the logo and name.
In some cases, where there is a logo and name too, then it’s better to apply only once for registration and avoid paying the fees for two applications. A brand name or wordmark can be represented in a different manner once it’s registered. The graphical representation of the name can be done in any design and manner. Hence, word mark registration gives extensive protection and flexibility to use in any manner.
Consult an Expert
It’s advisable to consult a Trademark expert before applying for Trademark Registration online In Jaipur. Though the trademark owners can apply for the same Trademark Registration themselves, it’s better to involve professional help and support as they know the reasons for Trademark rejection under the Act and Rules. The team will also help to minimize the chance of rejection of the Trademark Application.
The fact that you require trademark protection for your brand or mark is totally undeniable. When you are entering the ‘market’ – it is advisable to obtain a Trademark Registration and use all different ways to reduce trademark registration costs as detailed above.