If you’re starting a new business, you may be very interested in getting a trademark for it. Trademarking an idea is essential for protecting your interests and allowing you to have success. You don’t want another company stealing your ideas, logo or design. The best method for avoiding this will rest in having a trademark in place.
Below you can find the seven steps on how to trademark an idea:
1. Design on the logo
The first step on how to trademark an idea is to focus on the logo. What exactly are you trying to get a trademark on for your company? Is this a business idea or a plan that you want to be exclusively yours?
It’s essential to think long and hard before you make any effort in this area. The last thing you’ll want to do is waste your time and energy on initiatives that may not pay in the long run.
2. Hiring an attorney
If you have the budget for it, you may want to rely on the expertise of a lawyer to assist you on how to trademark an idea. There will be a lot of paperwork that must be completed and working with an attorney can be helpful.
Of course, there are likely to be many things you don’t know when it comes to trademark an idea. Working with a legal expert in this area can make the entire process much less challenging for you.
3. Check for copycats
You’ll want to take time to ensure there aren’t other trademarks that are similar to yours out there. Of course, if you do hire an attorney, this is something this individual can do for you.
There is a database that can do this very quickly for you by putting in the right words. This is the first step your lawyer may do for you before moving forward with the trademark.
4. Know the basics
There are typically two options you can choose from when it comes to trademarking your idea. These include using in commerce or intent to use.
Is your business currently offering this product for sale or do you intend to do this in the future? It’s essential for you to plan and know the right method to choose when looking to trademark your next idea.
5. Filing the application
It’s important to know some things about submitting the application before you continue with this process. If you choose to do this task yourself rather than rely on an attorney, you’ll want to know how to proceed.
The first thing you’ll need to do is go through the Trademark Electronic Application System (TEAS). This is where you’ll find the form that needs filing and can progress with it.
The fee you should be prepared to pay is $275 for the basic form, but there are requirements that must be met. If you can’t fit all of these, you’ll have to pay $325 to complete this process entirely.
6. Doublecheck for errors
It’s easy to make a mistake, and the key to avoiding this may rest in going over your form a couple of time before submitting it. This will allow you to find issues that will need to be fixed before you submit your application.
For instance, have you completed all of the necessary information about your business, such as the address, contact name and your company phone number? The last thing you’ll want to do is make a mistake that could delay the processing of your trademark.
Keep in mind if you do make a mistake, this will take much longer for your application to be approved. This is why it’s much better to double check your form and ensure there aren’t errors that should be fixed before sending it into the right department.
7. Plan on waiting
You may be in a hurry to get your trademark approved. However, you’ll want to be patient because this could take several weeks for you to do.
It’s always a good idea to check on your application to ensure that it’s moving along correctly. If you have an attorney doing this for you, it’s ideal for testing with this professional during this process.
However, it will take time for your application to be accepted and reviewed. This makes it even more critical to work towards getting your trademark as early as possible.
Making the most of any business is the key to working towards success. You don’t want to waste time or wait until the last minute to get many of the tasks completed. The last thing you should do is allow others the chance to steal your logo, design of other aspects of your company. Investing a little time now can save you a lot later.