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Trade Marks |
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TBI Solicitors > Business > Intellectual Property The value of a distinctive trade mark cannot be underestimated. In any highly competitive market, a trade mark is your brand and acts as a marketing tool for your business reputation, as well as being a valuable asset in its own right. As such it can be sold, used to raise finance and licensed for a fee. There are two systems for the protection of trademarks in the UKĀ - a formal registration process, handled by the Trade Mark Registry and based on statuteĀ - the Trade Marks Act 1994; and an action called passing off, which is an unregistered right, based on case law. Registration What can be registered? - the most common examples are marks that consist of words or logos, such as the name of a business or product, and slogans used to promote them (think of the Nike tick symbol and words/letters such as FCUK). Also 3D shapes (the coca-cola bottle has also taken on a life of its own and is recognised all over the world) and even colours (cadbury's purple), smells and sounds. To achieve registration, the mark must distinguish between the goods or services of the applicant and the goods or services of others, and be represented graphically. Passing Off It is always preferable to register, as claims for passing off are notoriously complicated and lengthy. Recent Client Stories
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