The trademarking process is an invaluable legal tool worth its weight in gold. Businesses use trademarks to prevent the unlawful usage of your unique branding elements like your name, logo, and tagline. But how much does the whole thing cost?
In this article, you will see a rough estimate of the cost of filing for a trademark and some other expenses you have to be prepared through along the way.
The Trademarking Process
1. Comprehensive Search
A lot of trademarking websites suggest a search on existing trademarks but what you need to make sure that a comprehensive search is done as it gives you a better opinion of your brand name’s registrability.
2. Application Process
Upon confirming the trademarkability of your mark, you can either file a brand name that you’re currently using or file one with an intent to use.
A USPTO application process has 10 parts:
- Applicant’s name and address
- Applicant’s citizenship and legal entity
- Name and address for future correspondence (doesn’t necessarily have to be the same name of the applicant)
- The drawing of the desired mark (if you’re applying for a name, you only have to put the name you’re filing for)
- A thorough description of the mark
- A specific list of goods and services covered by the trademark application
- The class of services or goods you’re filing for
- Example of the mark in use as well as the date it was first used (if already in use)
- A signature from you or your authorized representative
- Government fees for the number of classes included on the application
3. Filing Your Application
Once you have all the requirements needed in your application, you can now move on to the actual filing process. Since you are filing with the USPTO, you have two options: the TEAS Standard and the TEAS Plus. While the price looks like the biggest difference between the two, the choice you make is associated with the risks you’re willing to take.
The TEAS Plus is a more streamlined process; it has a set list of descriptions of the goods and services you’d want to file your trademark under. The risk of rejection is very low but it isn’t as flexible as TEAS Standard. That said, if you want a very specific description of the goods and services you offer, you might want to choose the more expensive but more flexible option—TEAS Standard.
After submitting your application online, USPTO will send you a confirmation receipt and a serial number you can use to check on the status of your trademark application. You may check on your mark’s status through their Trademark Status & Document Retrieval (TSDR) portal.
How Much Trademarks Cost
The average cost of filing a trademark application through the United States Patent and Trademark Office (USPTO) costs around $250 to $750, depending on the number of trademarks you want to file, the number of classes you need to get per mark and the filing system you will use for the entire process.
Remember that you can only file for one trademark per application and the fees are of course, separate for each application. The overall cost may be expensive if your goal is to file for multiple marks.
A lot of people want to trademark their business but cannot end up trademarking it due to the uncertainty and lack of knowledge about it.
That is why they are not willing to trademark their business and get the benefit from it.On the other hand, when you know what you can get from trademarking your brand and business, you can take the chance and improve your business.
Of course, you do and that is why you are reading this article.
Well, there are many advantages you can take from the trademarking your business, however, we are going to mention some of the main ones.
Increase revenueTell me, what is the main objective of a business?
The more revenue you can generate, the better you can make a profit.
Are you looking for IPR service provider for your trademark renewal?
If your answer is yes then choose Regalguru.
Regalguru provide trademark renewal services fast and at affordable cost.
Trademark registration is valid for 10 years in India that’s why every trademark owner needs to renewal their trademark for continue use.
Having a trademark on your business components, or organization name is one of the thoughtful steps every business owner takes.
It is important to understand the factor in which trademark symbols will carry your legal authority for the world.
So that they can display to their customers that the business is working legally under rules and protection.
When you are working for your e-commerce business, you must first look at a trademark electronic search service; to have complete information regarding your mark.
Such as ®, ℠, ™, some of the most important trademarks, which are used for protecting products, services, and registering the names or logos.
Let us find out when we can use these marks.
In the present highly competitive economy, it is imperative for business firms, organizations, conglomerates, and startups to know and understand the importance of Trademark Registration for flourishing their businesses.
