How Can I Protect My Business Name
The whole process of naming your business seems complex and daunting at a glance because of the different steps involved. There are different terms and ideas that you need to get familiar with to make sure that you are fully aware of the weight of name of your business. You may be able to enjoy your trade name rights and protection depending on what kind of registration you made. This is the reason why it is crucial for you to grasp the general concepts involved in making sure that your business name is protected. The terms and concepts are broken down here to make …show more content…
Going back to it will lead you to the realization that business name and trademark registration are different from each other. Registering your trade name only gives you the legality of operating and transacting a business under that name, but you do not have the exclusive rights over that name. The law of your state may prohibit other LLCs from using the same business name as yours, but the partnerships and sole proprietorships are not covered by this. Moreover, businesses operating on other states will not be affected by this. As a result, there is a possibility that another business in a different state may use the same name as your business thus, creating confusion to the clients.
The biggest benefit that you could get from trademark registration is the exclusive rights to the words, symbols, and names that distinguish your business from others. Once you have done this, no other business in the whole nation may use your trade name. Doing so will be treated as in infringement of your trademark and you may choose to act legally on the matter.
US-wide Business Name …show more content…
Asking the help of a professional is an assurance that you are protecting the interest of all the parties who are involved in the contract. This will prevent possible disputes in the future. Lawyers are very capable of explaining the details to avoid misunderstanding, which is beneficial to your business. Despite the fact that contract templates are available for free on the internet, consulting professional in the field is still way better. The templates that you may find are generic or tailored to a specific state and might overlook an important detail in your state. Are you willing to risk your business’ future just to save a few