How Much Does It Cost To Trademark A Phrase ?

How Much Does It Cost To Trademark A Phrase?

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Every business nowadays is constantly looking for new ways to set themselves apart from the competition. Protecting your brand is equally important if you want to stand out. It is critical to safeguard your brand’s name or logo to avoid any problems. To protect your brand’s credibility, you should get a trademark. How much does it typically cost to trademark a phrase? If you do not have all the necessary information to protect your brand name, we are here to help. If you need help assessing your situation or just want more information, we’re here to help. To name just a few examples of costs, there are the filing fees and any additional services that may be required. 

Why Trademark a Phrase?

Individuals, business entities, and organizations may gain numerous benefits by trademarking a phrase. To begin with, it is an effective means of raising consumer awareness of and preference for one’s brand in competitive markets. You can make your products and services stand out from the competition by trademarking a memorable phrase that people will associate with your brand.

Second, the legal protections afforded by trademark registration are paramount. You can protect your brand identity from others who try to use it without your permission by getting exclusive rights to use the phrase in commerce for specific goods or services. This legal protection ensures that your brand remains true to its original form and stops any potential confusion or watering down of your reputation in the market.

Furthermore, securing a phrase’s trademark guarantees its exclusive use, giving you an advantage over your competitors. To stop rivals from capitalizing on your brand’s popularity, get the exclusive rights to the phrase. You can safeguard your market share and even boost your brand’s value and position with this exclusivity.

Furthermore, your company has real asset value with a trademarked phrase. You can use it for a lot of different things, like getting into licensing agreements or finding franchise opportunities, to make more money. Moreover, it can be put up as security to get a loan, which opens doors for expansion and growth for businesses.

If you register your trademark, you can take legal action against those who infringe on it. To protect your intellectual property, you should get your trademark registered so you can sue anyone or anything that uses your phrase without your permission.

Basic Application Fee

U.S. trademark application costs for trademarking phrase marks vary by filing basis and filing method. The filing fees for trademark applications submitted online through the Trademark Electronic Application System (TEAS) vary depending on the type of application. For applications submitted using the TEAS Plus form, the fees range from $250 to $350 per class of goods or services. For applications submitted using the regular TEAS form, the fees range from $350 to $400 per class. Word marks and design marks, including phrases, are subject to these fees. For the most recent information on trademark application fees, please refer to the current fee schedule on the USPTO website.

Monitoring Costs

The location you choose and the level of service you want determines the price of trademark monitoring. The cost of trademark monitoring can be expensive. For example, for trademark monitoring, American Businesses spend from $200 to $1000 per year. With the help of these funds, you can search the USPTO database or other databases for possible trademark violations or to perform more extensive searches of common law and internet platforms.

Attorney Costs

Factors like as the attorney’s degree of experience, the complexity of the case, and the client’s location can affect how much it will cost to have legal representation for trademark matters. When it comes to trademark-related services like searches, applications, and responding to office actions, attorneys can charge $150 to $500 per hour or even more. The exact amount you’ll pay for trademark registration services might vary from a few hundred to several thousand dollars, based on the services offered and the intricacy of your application. To avoid surprises and get a good idea of how much legal services will cost, it’s smart to talk to prospective lawyers about their rates and billing procedures up front. Asking about payment plans and free consultations is also a good idea because some lawyers may be willing to work with you.

In Addition To The Initial Costs

Regular maintenance fees are required of trademark owners to ensure the continued protection of their property rights. The bundle includes payments that are due in the fifth and sixth years following registration. Additional charges are imposed every ten years after the ninth and tenth years. You risk having your trademark revoked if you fail to pay the maintenance fees.

Additionally, it would stress the significance of timely payments in preserving the credibility of your brand.
In addition, there might be additional expenses to think about, depending on the details. Some examples of costs include the cost of a trademark monitoring service to guarantee protection outside of Michigan and the cost of retaining legal representation to counteract opposition. The total cost of trademark registration and maintenance can be better understood by factoring in all of the above.

Trademarks and Costs

How Much Does It Costs To Trademark A Phrase?

Costs associated with trademarking a phrase can vary greatly based on variables such as geographic location and the specific services required. In the United States, the typical application fee ranges from $250 to $350 for a single service or good category. Extensions and intent-to-use applications incur additional charges. Legal services, such as trademark searches and application filing, can cost between $500 and $2000.

Are Copyrights Cheaper Than Trademarks?

Since copyrights and trademarks safeguard distinct parts of intellectual properties, they are not comparable. Literary, artistic, musical, or dramatic works that are original compositions are protected by copyright, whereas trademarks safeguard commercially significant symbols, logos, and brand names.

In most cases, the costs of copyright registration are less than those of trademark registration. Depending on the work type and method of submission (e.g., online vs. snail mail), the current US copyright registration filing fee ranges from $45 to $65 per application.

Nevertheless, before deciding on a method of protection, you must think about the nature of your intellectual property and the advantages of each option. Even though copyright registration is less expensive, it does not prevent anyone from making copies of the original work without permission. Conversely, trademark registration grants the exclusive right to use a name, logo, or symbol in relation to particular goods or services, which aids in consumer confusion prevention and protects the reputation of the brand.

What Is the Renewal Time Period For A Trademarked Phrase?

A trademarked phrase’s renewal period usually varies according to the jurisdiction in which the trademark is registered. Generally, the first term of trademark registration is 10 years in many nations, including the US. As long as the trademark is still being used in commerce and the renewal fees are paid, trademark owners are able to renew their registration indefinitely in additional 10-year increments after this initial period. For specific guidance, it’s crucial to consult with the relevant trademark office or a trademark attorney as renewal requirements might differ depending on the jurisdiction.

Are Trademark And Patent Costs Same?

No, the costs associated with trademarks and patents are typically different. Registration of a trademark allows one to gain the sole right to use a word, symbol, or design in relation to a particular good or service, whereas registration of a patent protects new ideas or developments.

Application filing fees for trademarks can vary from $250 to $400 per class of goods or services. If you decide to hire an attorney for assistance with the application process or any legal matters pertaining to your trademark, there may be additional legal fees to consider.

However, there are more involved processes that contribute to patent costs, such as creating patent applications, searching for patents, and understanding how to go through the examination process. Filing fees for patents can vary from a few hundred to several thousand dollars. This range is affected by factors like the type of patent (utility, design, or plant), the invention’s complexity, and whether the applicant is eligible for fee reductions or waivers.

Also, patent agents and attorneys are usually needed for the application process, and their fees can differ greatly depending on the invention’s complexity and their level of expertise.

We Are For You!

Will you do what it takes to protect your brand? To find out how much does to costs to trademark a phrase, contact us immediately. From the initial suggestion to the detailed meeting, we are here to assist you in standing out. So what are you waiting for? We are more than glad to help you. Today is the day to get on the board with us.