The Benefits of US Trademark Registration
There are several laws in this great country that are meant to protect the intellectual property of businesses. In a capitalist market, it is important for innovators to have their ideas protected, if they are not this will lead to less innovation in the long run. A major reason behind the laws safe guarding people’s intellectual property is the assumption that people are motivated by self-interest, and will not work if they are not rewarded. America requires innovation for the scarce resources that firms constantly compete for to be optimized. US Trademark Registration is one of the ways that the government protects the property of businesses that operate inside our borders.
Trademarks are used in America for businesses to claim exclusive property rights to different products or services. This gives businesses legal recourse if another business is trying to profit off of their trademarked products. In the United States, businesses can even benefit from common laws protecting unregistered trademark products. These products are usually limited to a geographical area, and many businesses across the country may be using the unregistered trademark. A big reason that companies trademark their products in this country is because the trademark on their package guarantees the source of the product to the consumers.
More than just businesses benefit from US trademark registration. Many inventors will trademark their inventions before ever trying to sell them, this will ensure to the inventor that they will profit from their innovation. Many not-for-profits will trademark their different symbols and products, this ensures that they are only used for the charitable activities they were intended.
Trademarks benefit consumers and businesses at the same time. Business benefit from the legal protection of their intellectual property. Consumers can find two major benefits to trademarking. Trademarks are by definition the origin of the product, meaning that consumers know who they are buying from, and what to expect. It is very difficult to find a counterfeit product that is made with the same quality as a trademarked product. Another benefit to consumers is the legal liability assumed of the company selling a trademarked product. The trademark by definition is the origin of the product, if a faulty product makes it to market that causes harm, the consumers will be able to sue whomever produced it.
One of the ways the government attempts to ensure economic growth is through US trademark registration. Because innovation is so important to our capitalist economy, without it the economy would not grow, and eventually businesses would fail. By protecting the intellectual property rights of the businesses and people that produce different innovations, our government is attempting to ensure that our economy will be capable of future economic growth.
More About The Author: Thomas Pillers is a writer and powerful industry voice. He enjoys attending industry events, learning & writing, and spending time with his dog. Get more details about this article’s subject: trademark attorney You can find more information on the author’s profile page.
