Why You Might Need IPR Law Firms?

 

Trademark and patent registration from IPR law firms help you protect your idea, product or service, adding value and confidence to the consumer. It is one of the most important legal aspects of a business. The brand has become one of the most important assets for any company, gaining great relevance as an industrial property asset.

Why is it important to register a trademark or patent?

The brand is one of the most important elements when it comes to marketing your products and offering services. The trademark registration shows that you are the one who has created it and you have the legal protection and the power to use it. In addition, registering your brand allows you to have a differentiating element, attracting public attention and generating customer loyalty.

On the other hand, a patent turns your idea into benefits, which is why it is so important to legally protect inventions. In addition, it helps make the business stronger and more competitive. It should be noted, that the new patent law economically favors the protection of innovations by SMEs and entrepreneurs, thanks to the reduction of official fees.

Likewise, the importance of registering a patent also lies in the fact that they facilitate marketing since it brings prestige and increases the value of the brand. In order to protect your trademark and patent in your country, you will need to register it with IPR firms.

This will allow you to protect your trademark and patent from the use by third parties and, in the event that someone uses it, you could prohibit them from doing so or even request compensation for the damages caused to your business.

What are IPR firms for?

Patenting a product or industrial prototype serves to guarantee the exclusive right over it for a certain period of time. Or, that in case of being shared with other companies, they must pay a fee. In the event that the invention is not patented, the competition would have the right to freely make use of it, without receiving any type of compensation.

The main or only disadvantage offered by registering a patent is that you have the obligation to exploit it, either by yourself or through another authorized entity, so that the invention is made available to society. In addition, if the patent is not exploited or the annuities are not paid, the protection could expire, leaving the company or inventor unprotected.

The benefits of trademark and patent registration with IPR law firms:

The registration of trademarks and patents is accompanied by a series of benefits such as:

1. A patent is a competitive advantage. The registration of a patent gives ownership and the exclusive right of exploitation, preventing third parties from using or plagiarizing it.

2. Protect your brand against use by third parties. A trademark registration gives you the right to prevent anyone from using a trademark that is identical or may be confused with yours.

3. Generate value with your brand or patent. The fact of registering a trademark or patent is the way to consolidate the value of what you do. It is an intangible asset that you must protect.

4. Registering your patent brings prestige and increases the value of your brand.