Women's Network July 2018 | Page 56

BRAND PROTECTION DON'T GET LOST IN A SEA OF SIMILARITY! F or your business to succeed, it must stand apart from your competitors. The easiest way to do this is to have a memorable and distinctive brand for your business, products and/or services. This starts with obtaining a registered trade mark, not a business name registration, for that brand. Registering a business name doesn’t give you any rights in relation to the use of that name in relation to the provision of goods or services. A business name registration cannot be used to make a third party cease using that or a similar name in their marketing material, domain name, or products and services (unless you can demonstrate substantial 56 Women’s Network Magazine common law use of the business name in relation to same/similar goods and services). Using a business name registration to protect your branding and reputation is a very costly process, far more so than having registered trade mark rights. In contrast, registration of a trade mark gives you the exclusive right to use your trade mark (your brand) and authorise others to use the trade mark in relation to goods and services specified in the trade mark registration. TIPS ON A GOOD TRADE MARK Your trade mark should distinguish your business. It should not include signs which wholly describe characteristics of your goods or services including the kind, quality, purpose, value, or location. For instance “Fish By the Sea” is not a good trade mark for a fish shop on the seaside, although it may be a great trade mark for a laundromat in the suburbs. Generally, the best trade marks are one to two syllables in length and are coined words/phrases, or unique images. Lastly, you should only seek registration of the trade mark as it is used by your business. A trade mark registration is a waste of money if the registered trade