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Branding & Identity: What are disadvantages of using brand or trade mark name that is already registered?
JB
JB
Joy Broto Nath , Global Corporate Trainer & Strategist answered:

The mark you created, promoted by you and already known can be used by unfair competitors. Consequently, poor-quality, and inappropriate products (services) of one enterprise or entrepreneur may be distributed under the well-known TM of another enterprise, resulting in loss of trust and goodwill of the latter. In this case, you will need to take several appropriate actions to appeal the misuse of the designation (logo), in accordance with the current law, which will lead to unplanned financial expenses.
To prevent and avoid possible problems while using your logo, company name or trademark, you can register it under the law and receive a certificate for the mark for goods and services. This security document will give you the unique right to use and profit from this trademark.
The official registration of your mark for goods and (or) services has the following advantages:
a. Positioning the company and its goods/services on the market among competitors.
b. Legal protection of your activity name.
c. Increasing company prestige.
d. Guarantee the uniqueness of your mark.
e. Protecting your services/goods from illegal copying.
f. Protection against unfair competition.
g. You will not become a violator of the rights of the legal owner of a similar or analogous trademark, if you use this mark legally (at the same time you will be able to avoid the obligation to compensate for damages caused by illegal use);
h. You will be able to avoid extra expenses of fighting for your mark.
i. You will be able to sell your trademark or transfer the rights to use it for financial benefit.
j. After receiving the Certificate on the mark for goods and services, you have an opportunity to register a domain in the .UA zone.
k. Also, you will be able to affix the warning label (® and ™) in the name of your product.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath

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