A trademark is an emblem or a sign used by one company to differentiate its goods and services from those of other companies. A person, a company, or a legal entity can possess a trademark. Many firms can be seen applying for their trademark on goods packaging or on the products themselves.
It protects your goods brand or mark from unauthorised use by others. The cost of trademark registration entails a number of processes and expenditures.
The cost of Trademark registration fees is divided into two categories: governmental fees and legal expenses. The distinction between governmental and professional fees is that governmental fees are uniform throughout India, whereas professional rates vary according to the individual. Legalmart offers attractive fee structures on such services.
Digital Certificate: The registration fee for each application is approximately Rs.4000. If someone wants to establish their brand or logo under multiple classifications, they must pay Rs.4000 per classification.
Registration cost: There will also be various fees for marks, sequences of marks, and connected marks, and they’ll be invoiced separately for each class. Charges for additional registrations in convention nations will be increased. A single marking in a single class requires Rs.2500/-, and each subsequent category costs Rs.2500/-, whereas a collective mark requires Rs.10000/- to register.
Professional fees: Many applications have been refused due to the registration of previously registered marks. As a result, hiring a consultant to handle the registration procedure is always a good idea. When it comes to trademark registration, trademark databases, or the existence of various logos, an intellectual property lawyer can be recruited, as he will provide sound legal guidance on all legal issues.
Legal fees for objection: The government may refuse your application at any time. The government’s objections are based on the existence of an established brand name or logo sign. When registering a trademark, each party should use a distinct name or symbol. If the administration objects, you will need to engage a lawyer.
Legal fees for opposition: The opposition works in a similar way as the objection. The distinction between the two is that opposition comes from outsiders, whereas opposition comes from the government. Several third parties or competitions have made claims against businesses seeking registration for utilising similar trademarks or emblems. There are also accusations that if the request is approved, it will result in a violation of intellectual property rights. It leads to the payment of costs ranging from Rs.8000 to Rs.10,000.
Renewal Fees: Renewal trademark registration fees would require Rs.5000/- each mark within every category, but Rs.10000/- for a collective mark. A trademark must be rectified or removed for a fee of Rs.3000.
Benefits of Trademark Registration: A trademark is a one-of-a-kind symbol or sign that can be a label, a numerical, or a colour combination that is used to identify your goods or services.
You and a third party can use a trademark to identify your goods and services from those of your competition. However, keeping in consideration that geographical names, proper nouns, popular trade phrases, and common abbreviations are not eligible for trademark registration.
Legal protection: Trademarks are considered intellectual property once they are registered, and they are thus safeguarded from infringement. The exclusive right to use a trademark in connection to the “Class” of products or services it symbolizes is also conferred by trademark registration.
Only once your trademark has been registered could you use the symbol “R.” In addition, the TM sign can only be used for the goods and/or services stated in the registration certificate. In the instance of illegal use of trademark registration, you can obtain infringement redress in the country’s proper institutions.
Product differentiation: The items or services that are represented by trademark registrations are distinct. A trademark will allow you to distinguish your product from that of your competitors. Furthermore, because trademark registration is applicable for the full category of goods or services offered, it will aid in distinguishing your items. Customers recognise products with distinct trademarks in a unique way, resulting in a client base for your business.
Brand recognition: Customers identify the performance, reliability, and characteristics of a product with the firm that makes it. They use the logo, which is a registered trademark, to distinguish the goods in general. Trademark registration makes it easier for people to recognise your products and services. It also contributes to the brand’s goodwill. As a result, your brand is well-known and has a market worth over time. Brand recognition attracts new clients while keeping existing ones.
Final Words: A trademark develops a relationship between a company’s products and its customers. You can build a consumer base by offering efficient or innovative items. Your trademark aids in the retention and expansion of your consumer base.