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Registration of trademarks in Guernsey
The principles of taxation adopted in the EU do not apply to the island of Guernsey, which makes it very attractive for doing business. The island is included in the list of states that have signed the Madrid Agreement, therefore registration of trademark is carried out according to the Madrid system or in accordance with the national procedure.
The registration procedure according to Madrid system costs much cheaper than registration under the national procedure, and the process of registration takes less time.
Trademark is a combination of words, phrases, graphic elements and colors that is individual for each company, and used to distinguish goods or services of one company from those of another one. In the absence of registration, the company risks losing its rights to its trademark and incur serious financial losses.
Legal protection during the international registration of trademark and logo makes it possible to limit the use of the company's intangible assets by unfair competitors. Timely procedure for registration of trademark in Guernsey will help protect business interests.
- The law firm will help properly and correctly compile the package of documents.
- The firm submits documents for registration to the Patent Office.
- It controls the movement of registration documents.
The cost of registering trademark in Guernsey
Registration of trademark or logo and registration of trademark and logo together are separately considered in the price list for providing services for registration of trademark in Guernsey. Comprehensive consideration of trademark implies verification for the absence of coincidences in wording and graphic images of the trademark and logo.
Timely procedure for registering trademark in Guernsey turns it into a valuable intangible asset.
The registered trademark can be sold and put into the bank. The owner of the registered trademark can transfer the rights to it to third parties, as well as create a franchise.
The trademark on the island of Guernsey, which has passed the registration procedure with the help of Law & Trust, will keep the owner's business from the encroachments of competitors, protect against unforeseen financial problems and become a source of additional revenue.
