
By: Emily Donohue
A trademark is a “word, phrase, symbol, and/or design that identifies and distinguishes the source of the goods of one party from those of others.” Registered trademarks are both valuable assets to companies and helpful to potential consumers evaluating a purchase. Building goodwill with consumers takes time, and without the protection of a registered trademark, a company’s reputation could be tarnished by a competitor selling deceptively similar products or services of inferior value.
The recognizable trademark of a trusted brand signals to a consumer that their purchase will conform to the quality they expect from the brand. Conversely, if a brand has a poor reputation, a consumer knows to avoid the product. Considering the economic value of a properly registered trademark, one would assume that companies doing business in the United States take great care to ensure their trademarks are protected. However, the recently updated rule from the United States Patent and Trademark Office (USPTO) implies otherwise.
By: Matthew Jurgensmeier
By: Ben Cashdollar