Protecting a brand is essential for companies and individuals who have registered a trademark. But, Really, How Much Does It Cost? Here are the costs that you need to brace yourself within the ticker registration process.
What Is A Trade Mark-Token Registry Registration?
The trademark is a mark used and is indicated to provide services by a party, and an effect that can be used to distinguish the source of goods of one party from those of others.
Trademarks are registered in order to expressly state that the registered trademarks are yours, that you have the legal rights to use said mark in connection with your said products or services, and that it is protected from others who do not have the lawful authority to trade with it.
Fees to be paid during the registration of a trademark
Application Fees
The only real cost for trademark registration is the application fee. In other words, what you pay depends on how you file and how many classes of goods or services you wish to cover.
TEAS Plus Application The USPTO provides an “enhanced option” with a lower fee called TEAS Plus, which is $250 per class of goods or services. This option requires you to meet the criteria, like the TEAS Plus, where you select your goods/services from a pre-approved list.
TEAS Standard Application: If you are unable to meet the requirements for TEAS Plus, the next lowest cost option is a TEAS Standard application at $350 per class of goods or services
International Registration
International registration of trademarks also carries costs. Madrid Protocol: AThis allows you to pursue of protection in a number of countries with a single application, but there are fees for in every country. International registration is charged according to the number of countries and the exact fees established by the trademark offices of the countries in question.
Legal Fees
A trademark attorney is a common go-to for many applicants to help them traverse the intricate registration system. You can have an attorney help look for trademarks, prepare and file the application, and respond to any USPTO questions – but you are not required to do so. You might end up spending no more than a few hundred bucks up to several thousand dollars in legal fees just to register the trademark, depending on the attorney, the complexity, and the name of the application.
Additional Costs to Consider
Trademark Search
We highly recommend, if you can afford it, to conduct a reasonable comprehensive trademark search before applying to make sure that your mark does not conflict with any registered trademarks. You can do a simple search yourself with the USPTO online database, but hiring someone to do an extensive search can run between $300 and $1,000.
Maintenance and Renewal Fees
If so, you should renew your initial trademark and keep it alive. The USTPO obliges trademark owners to file maintenance documents and make this payment at specific intervals:
Year 5-6: The Statement of Use and Excusable Nonuse must be filed, which is a $225 cost per class.
Between the 9 th &10 th Year, & Every 10 Years After, You have to file a combined Declaration of Use/ Application for Renewal at an expense of $425.00 per class
Several measures to save the cost of trademark registration
Do-It-Yourself Filing
The process of trademarking an uncomplicated type of trademark is simple and suitable for those who can be a bit independent in a procedure. You can apply yourself and save lots of legal fees. But be prepared to spend time researching their requirements and procedures; you don’t want to make a costly mistake.
Bundling Services
Many trademark attorneys and services also offer discounted bundled packages that include both searching and filing services and renewals and monitoring services. It is a low-cost option to get in-depth help – if you need it.
Monitor and take legal action for its trademark.
Monitoring the market intently for potential infringements and enforcing and policing your trademark rights before it is too late can save you your legal fees. There are many service providers who provide inexpensive monitoring services so that you can monitor how your trademark is being used.
Final Thoughts
While parking your trademark costs a lot of money, it is a proper way to defend your brand. Learning about different fees related to registrations and how to keep costs low will allow you to make your way through the trademark registration process without going broke. Whether you take care of the process by yourself or need professional help, be sure to register your trademark to ensure you have a base to set up and protect your business identity.
