If you plan on selling franchises, you will probably want to license the rights to your federally registered trademarks. By licensing these rights‚ you will allow your franchisees to use your trademarks in connection with their goods and services.
If‚ however‚ a business franchisee violates the terms of your licensing agreement‚ you may take legal action in response to the violation. For instance‚ if a franchise uses your business name to sell unauthorized products or services‚ this may result in a violation of your licensing agreement. Therefore‚ your response may be to file a trademark infringement lawsuit.
To file a lawsuit‚ you have the option of seeking the help of a business lawyer. A lawyer may do what it takes to protect your federally registered trademark.
When launching a business or franchise, it is important to understand the relationship between your trademark value and goodwill.
If you have questions about registering your trademark, contact us today at 1-800-976-4904.
Category: Start a Franchise
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