Simplifying IP Registration for Growing Franchise Businesses
Lisa Cohen from IP Australia talks Trademarking.
Many small business owners, especially those looking to expand their franchise, often think that registering their intellectual property (IP) and trademarks is a complicated and expensive process that requires the help of pricey IP lawyers. This perception is misleading; registering IP can be straightforward and affordable. IP Australia provides various tools and resources that empower business owners and franchise development consultants to navigate the registration process independently.
While there are situations where an IP lawyer’s expertise can be beneficial—particularly for franchises managing extensive portfolios of intellectual property rights—many small businesses can handle trademark registrations on their own. For example, applying for a single trademark in one class costs just $330. This translates to only $33 a year over a ten-year period, making it a worthwhile investment considering the significant value of a registered trademark.
Resources Available for Trademark Registration
IP Australia offers a wealth of online resources to assist business owners in understanding the trademark registration process, including:
- IP Basics Fact Sheets: Clear guides that explain what trademarks and other IP rights involve.
- Quick Reference Guides: Comparisons of different IP rights to help you choose the best protection for your franchise business.
- TM Checker Tool: A valuable resource that allows you to check the availability of your proposed trademark against existing registrations in your market.
Before embarking on your franchise journey, it’s essential to confirm that your desired business name and trademark are not already in use. The TM Checker tool can help identify any potential conflicts with existing trademarks. For instance, brands like Dove chocolate and Dove soap coexist because they operate in entirely different markets, reducing consumer confusion.
When building your brand, it’s advisable to register your business name, domain name, social media handles, and trademark at the same time. This comprehensive approach ensures a cohesive online presence and mitigates the risk of disputes over name ownership, which is vital for small business growth.
What Can and Cannot Be Trademarked
Not everything can be registered as a trademark. The TM Checker tool offers guidance on trademark eligibility. For example, common phrases like "New Year’s Eve" or generic terms like "green apples" cannot be trademarked, as many businesses may need to use them. However, a brand like "Apple" is trademarked in the technology sector, illustrating that context matters.
When selecting a trademark, choose a name that is unique and does not closely resemble existing trademarks. For instance, attempting to trademark a name similar to "Cadbury" is unlikely to succeed due to potential consumer confusion. The aim of trademark law is to prevent such confusion, ensuring that brands are distinctly recognised in their markets.
Important Considerations
When applying for a trademark, keep in mind that if your application is rejected, the fee is non-refundable. Therefore, it’s wise to use the TM Checker tool before submitting your application to assess its likelihood of success. This tool can provide insights and recommendations based on a preliminary search of existing trademarks.
IP Australia does not provide legal advice, but it offers comprehensive resources to empower business owners in making informed decisions regarding their trademarks, ultimately supporting small business growth.
Conclusion
The resources available through IP Australia are invaluable for franchise businesses looking to register their trademarks. By leveraging these tools, small business owners can effectively protect their brands as they grow. If you're considering registering a trademark for your franchise, remember that the process is more accessible and affordable than you might think. For further assistance, keep an eye out for public webinars and other educational resources offered by IP Australia to guide you through the intricacies of intellectual property management and support your journey in franchise development.