Although I’ve provided some famous examples, the same type
of trademark loss can occur with your brand if you’re not careful. While it is extremely important to shield your
image by obtaining trademarks and/or servicemarks, you can’t just stop there.
The fact is, you always need to be on the lookout for any infringements. Quite
honestly, the welfare of your business is at stake.
To give you a better understanding of what could happen if
you don’t watch over your trademarks or servicemarks, there are three practical
reasons for being vigilant:
·
Confusion
in the marketplace – If another business, knowingly or unknowingly, starts
using your image, consumers could become confused about your name. You may wind
up missing out on potential revenue because clients accidentally turn to your
competition, thinking they’re coming to you. So it’s critical that you always
protect your name, your distinction in the marketplace, to eliminate the
possibility of your brand getting blurred and the valuable distinction of your
business product or service being lost. Furthermore, if you don’t take action
in this scenario, you will eventually be seen from a legal standpoint as having
abandoned your marks.
·
Dilution
of your brand – If you become lax and don’t object to other businesses
using your name or some aspect of your brand, you also run the risk of your
image being diluted. The result is that your unique and distinct name won’t
mean anything anymore because so many other businesses share it. This can and
should be stopped before the potency of your name becomes meaningless in the
marketplace.
·
Financial
losses – If you don’t stand up for your marks, it’s very possible that
other businesses could be financially benefiting from your advertising by
poaching your potential customers. That’s because they’re openly using your
name to make money.
The logical conclusion is that you need to be ready to
enforce your trademarks and servicemarks at a moment’s notice. When you
discover another business is ignoring your rights as the holder of these marks,
then it’s time to take action.
Steps to Take
Once you discover that someone has used your name, the
response is very simple: Immediately contact an intellectual property attorney
in order to issue a cease and desist letter to the infringing party. The purpose
of this letter is to give this individual or company notice that what they’re
doing violates your intellectual property rights and constitutes an illegal use
of your brand.
Included with this letter, your attorney will provide a copy
of your pending or existing marks to supply undeniable proof of your brand ownership.
Furthermore, the letter will make clear that the offender needs to stop using
your mark without delay.
If this violation persists after a five-day period, then
it’s time to go to the next level. Your attorney will promptly seek legal
action to enforce your rights in either state or federal court under a
trademark or servicemark infringement claim. This process involves getting a
restraining order, which stops the entity from stealing your mark.
Secondly, your attorney will seek a court order that will
compel the infringing business to divulge all of the financial gains that it
received from illegally using your brand. Once this information is disclosed,
you will then seek a court order that awards to your business, all of the
profits made by the infringing party, because these profits rightfully belong
to your business. And as a final kicker, you are entitled to seek reimbursement
from the infringing party for all of the attorney fees that were caused by this
unlawful infringement.
In Conclusion
By taking the time and investing the money to obtain
trademarks and/or servicemarks, the image of your business is protected. But, the
reality is that a clever company can find ways to benefit from your brand, even
if you’re the legal owner. For this reason, I recommend that you periodically perform
a search online to determine if anyone is illegally using your intellectual
property. If you discover an infringement, contact your intellectual property
attorney.
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