How Much Does It Cost To Make A Trademark?

June 13, 2022

 

Suppose you are the owner of a corporation. In that case, you may place the utmost importance on the tangible assets that your company possesses, such as its machinery, its inventory, and any buildings that it owns. However, unlike big companies, intellectual property can be valuable as tangible assets for small businesses.

Everything that differentiates your business’ products or services from others in a commercial setting is entitled to protection under trademark law. Consequently, if you want to ensure that your trademark is legitimate and does not cause any confusion with other pre-existing brands or corporations, you should consider working with a trademark lawyer.

A straightforward trademarking procedure can protect a company’s name from unauthorized usage by its competitors. But the price of securing trademarks for a corporation is a concern for some entrepreneurs. We’ll discuss the cost of applying for a trademark for your business with this guide.

 

Costs to Consider Before Filing a Trademark Application

The initial financial investment in filing a trademark application will go toward an extensive investigation of other trademarks already filed for and registered. Utilizing the Trademark Electronic Search System provided by the USPTO enables you to search without incurring fees.

It is also a good idea to retain the services of an attorney to search on your behalf. This way, you won’t have to worry about missing a trademark that is too similar to others. If you wish to search globally or domestically, the cost can range from a few hundred dollars to a few thousand dollars.

 

Various Trademark Application Fees

The US Patent and Trademark Office has two initial application forms: TEAS Plus and TEAS Standard, each of which has different fees that could help in trademarking your business.

The term “basic” application refers to the TEAS standard application. It costs $275 per class to submit an initial application, and this fee applies to both paper and electronic filing.

As an alternative, the most cost-effective and straightforward program is TEAS Plus. In this option, you must apply in its entirety, pay all applicable filing fees when the application is submitted, consent to submit certain documents online, and receive all correspondence through email.

A quicker level of service is yet another advantage offered by the TEAS Plus application. The initial application fee for each class is $225, whether submitted electronically or via paper.

 

Extra fees for applying for a trademark

When submitting your drawing for trademarking cost, you need to provide a “clear drawing” of the mark, whether the logo alone or a combination of the name and the logo. Depending on the design’s quality, a trademark’s price could range anywhere from $500 to several thousand dollars.

If you apply for a trademark before using it, you will have to file a declaration later when you begin employing the mark. Electronically filing this declaration costs $100, whereas filing a paper declaration costs $200. Furthermore, trademark renewal applications cost $300 per class.

 

A Trademark’s Ongoing Maintenance Costs

Using a trademark isn’t a one-and-done process. Trademarks must be maintained and reported on to keep their legal protection. The US Patent and Brand Office refers to “maintaining your trademark.” A fee is associated with these reports, and you must file each type of product or service included in the registration independently.

To ensure that it will not challenge your trademark in the future, you can file a Declaration of Incontestability. This declaration makes it difficult for anyone to contest or deny your right to use a trademark.

 

The Fees Associated with Hiring a Trademark Attorney

 

A trademark application can be refused for several reasons due to the complexities of the trademark application procedure. To trademark your company’s logo, you should hire an attorney to help you through the process.

Several individuals decide to retain legal representation to ensure that the process will be conducted in a way that will not call for subsequent adjustments. You will be charged $125 to resubmit an application, for instance, if it is either erroneous or missing required information and is therefore deemed incomplete.

According to one study, businesses preparing their brands compared to trademarks produced by a trademark lawyer had a 50% lower chance of being granted. As a result, their time and money are usually well spent. Regarding the presentation of drawings and their associated claims in an application, attorneys have a distinct advantage over their competitors.

 

Do Trademark Attorneys Charge a Fee for Filing an Application?

Lawyers specializing in intellectual property might choose various fee structures for their services. In most cases, the attorney will discuss the different fee structures with the client after assessing the nature of the application.

 

Fees Charged Per Hour for Filing Trademark Applications

Patent and trademark attorneys frequently charge their clients by the hour. Attorneys keep track of time spent on a case or project and deliver their hourly rate to their clients. After then, the client will be charged according to the number of hours the lawyer spends on the case.

For the most part, attorneys use this method to charge their clients. The attorney’s fees will be reimbursed regardless of how long it takes to complete the project. Understandably, clients may be wary of hourly fees because they have no idea how much their legal services will cost until the job is done.

The market data collected by ContractsCounsel indicates that the average hourly charge for a lawyer specializing in intellectual property and trademark law runs from $250 to $400 per hour.

 

Trademark Application’s Flat Free Rates

Another option for charging for legal services is to use a flat-rate billing system. A trademark application, for example, might be drafted using flat fee rates, which are becoming increasingly popular.

It is common for lawyers to charge a flat fee for a project like completing and submitting a trademark application. If the client accepts, the attorney will typically receive payment upfront.

Clients benefit from knowing how much a legal job will cost at the outset through flat fee rates, which must be communicated to the client. Before settling on a payment plan, these are the kinds of issues that need to be explored with your lawyer. How much more will I have to pay to file a trademark application? It’s important to know if a denied application requires a resubmission.

Data from the marketplace suggests that the typical flat-fee pricing for a trademark application in all states is between $750 and $1,500, according to Contracts Counsel.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Is Your Business Being Found Online?

Laptop Metrics Colorado

Free Digital Marketing Report ($150 Value)

marketing module lineWant to know how your business stacks up against the competition?

Read more articles about Marketing.

Unlocking the Power of CPA in Marketing: A Beginner’s Guide to Success

In fast-changing online marketing, Cost Per Acquisition (CPA) shows how well ads bring in sales or new customers. Understanding CPA in marketing is vital for new marketers to enhance ads and increase earnings. This guide will teach you the basics of CPA and give you...

Unveiling the Pillars of Sustainable Business Competitive Advantages

A competitive edge is vital for any business seeking long-term success and profits. In today's rapidly evolving marketplace, companies must identify and leverage unique advantages that set them apart from rivals. Sustainable competitive advantages are strengths that...

Amazon Advertising and Bid Optimization: Lessons from the Experts

Amazon advertising has become an essential part of the e-commerce landscape. With millions of shoppers turning to Amazon to search for and purchase products, having a presence on Amazon has become vital for brands and third-party sellers. However, with increasing...

Simple Time Management Tips For Business Owners

  Time management is one of the most critical things for a business to become successful in today's world. In a business environment, business owners do know only time management can ensure success and be competitive. The time calculator assists you in positively...

Optimizing Affiliate Links: A Comprehensive Guide 

  Affiliate marketing can be an appealing option if you're looking to turn your online passion into profit. This model helps you generate income by marketing someone else's products or services. It has become popular, especially in this digital age, where...

PNG to PDF Conversion – Explore Cost-Free Solutions

Methods For Converting PNG to PDF Free of Cost:   Portable Network Graphics is a popular choice for artists, websites, photographs, and more because of its high quality, transparency, and lossless image compression. Several reasons may compel you to convert the...

Evaluating Digital Advertising ROI in E-Commerce Campaigns

Digital marketing advertising usually runs at once on social media and digital media. Most of us are familiar with social media platforms like Facebook, Instagram, Twitter TikTok, etc. Digital marketing can be of different types like Search Engine Marketing(SEM) and...

The Importance of Converting JPG to PDF For Document Preservation

In today's era of digital, preserving important documents has become increasingly important. To ensure the long-term accessibility and perseverance of valuable information, converting JPG files to PDF is the basic step. There are a range of benefits involving reduced...

Read more articles about business.

COD Affiliate Network: Expanding Opportunities with TerraLeads

COD Affiliate Network: Expanding Opportunities with TerraLeads

  Affiliate programs are one of the popular ways to earn money online, whether pursued passively or actively. While there are numerous remote job opportunities available online, an increasing number of individuals are opting for traffic affiliate marketing. To...

How to Optimize Your Construction Business for Increased Revenue

How to Optimize Your Construction Business for Increased Revenue

  In today's competitive construction industry, optimizing your business for increased revenue is not just a desire but a necessity. With changing market dynamics and evolving customer expectations, staying ahead requires strategic planning and implementation....

Understanding Digital PR and Its Impact On Your Business

Understanding Digital PR and Its Impact On Your Business

  Small and established businesses significantly benefit from a strong digital PR and marketing strategy. Having a clear and well-laid-out digital public relations strategy is important for businesses. Unfortunately, most businesses refer to business relations...

How To Setup Your Business For Free Organic Lead Generation?

How To Setup Your Business For Free Organic Lead Generation?

  Ever wonder how some businesses seem to attract customers like bees to honey, without spending a dime on advertising? That, my friend, is the magic of free organic lead generation.   It's about getting people to naturally stumble upon your business and be...

Share This