Trademark Watches: What Are They? If you want to protect your brand name or business, a trademark watch is an essential tool. Keeping track of trademark filings and applications can be made easier with a dashboard. In addition to staying organized, a dashboard will alert you to any trademark changes that could impact your business.
What Are the Benefits of Using a Trademark Watch?
- You can display your company’s valuable assets while showing off your style with a trademark watch. To protect their trademarks, businesses need this tool.
- Tracking online trademark registration, applications, and other activity related to a business’s trademark can be made easier with a trademark watch. Additionally, trademark watches can make it easier for enterprises to monitor how their trademarks are being used and protected in the marketplace.
- Your trademark watch dashboard will enable you to easily see which trademarks others are using and protecting, as well as how your trademarks are performing in comparison to other brands on the market.
- You can also keep track of current trademark law changes and developments by using a dashboard for your trademark watch. You can protect your brands by keeping an eye on what is happening with your trademarks in the marketplace.
- Using a trademark watch dashboard allows you to share information with employees, clients, and stakeholders about your trademarks. If you share information about your trademarks regularly and openly, you’ll ensure that everyone knows how important they are.
- In summary, businesses can protect their trademarks more effectively by having a dashboard for their trademark watch.
- With a trademark watch dashboard, you can protect your brands and make informed decisions on how to protect them.
Why Creating a Dashboard Trademark Watch Important?
- By creating a trademark watch dashboard, you can keep track of your trademarks’ progress, identify potential issues early on, and adjust your trademark strategy as needed.
- Make a list of all the trademarks you own or are interested in owning before you begin creating your trademark dashboard. List each trademark along with the associated dates in a table.
- Additionally, you can include other pertinent information such as the domain name(s) associated with each trademark, its status (active, filed, abandoned), and any pending applications or petitions associated with it.
- In order to detect any potential issues early on, it’s important to track the progress of your trademarks. Taking action to protect your trademark may be necessary if you notice one of your trademarks being used in a competing market.
- You’ll be able to make better decisions about how to protect your trademarks if you keep track of the status and activity of your trademarks.
Why Do You Need to Create a Dashboard for the Trademark Watch?
- Monitoring your trademark portfolio with a dashboard can help you identify potential issues early on, and take corrective action when necessary.
- Your dashboard can also serve as a way to easily share information about your trademarks with others.
- If you monitor your trademark portfolio, you can detect any unauthorised uses and take appropriate action. In addition to keeping you informed about trademark-related news and events, a dashboard can be used to monitor changes to your federally registered trademark portfolio.
- Keeping track of your trademark portfolio’s development, identifying potential infringers, and making informed business decisions is easier when you keep a dashboard for your trademark watch.
- You can ensure that your trademarks are being used appropriately and protected by keeping track of your trademark filings, investigations, and other activities.
Type of Trademark Watch
- Identical Trademark Watch
- Similar Trademark Watch
When a mark is reproduced without any changes or additions, it is identical to an earlier trademark. As a result, consumers may not notice insignificant differences between marks when viewed as a whole. When a mark is deceptively similar to an earlier trademark, it is considered similar.
Based on the results of the trademark watch report, a legal consultant provides an opinion throughout the trademark monitoring period. Trademark infringement can also negatively impact the client’s business and market share.
The requirement applies to well-known trademarks. These symbols are recognized by most of society. A damage to their reputation can result in a significant loss for them. A low-quality product was branded with the Louis Vuitton logo. It is possible that first-time buyers have a negative impression of the brand and will never purchase from them again.
Ways to Do a Trademark Watch
- Trademark Database search: Checking trademark databases regularly is recommended. Trademark search databases contain all the necessary information, and if we know how to use them, searching can be highly beneficial. These databases include features that make trademark searches easier.
- Monitoring Trademarks with Search Engine: Entities may sometimes fail to register a trademark. In such cases, a regular search engine-based trademark watch should be carried out to identify potential cases of trademark passing-off. Search engines such as Google, Yahoo, Bing, and Duck Duck Go can be used to look for such cases. We can create a list of keywords associated with the trademarks, enter them into search engine websites, and then manually check to see if anyone is abusing our registered trademark. This method can also display the parties’ PPV or PPC ads.
- Excel-Sheet Record: To keep track of potential trademark violations, an Excel sheet can be created. A proprietor or an attorney can compile a list of trademark violations, how and where they are discovered, and what actions can be taken in response to those violations.
- Offline Search: This may involve constantly looking at industry journals and periodicals, searching yellow pages, visiting industry shows, etc. Results from these watches are compiled into an excel sheet.
In order to protect their trademarks from being diluted or used illegally, trademark owners should engage in trademark watching, or monitoring, which is a thorough, never-ending, and continuous process. When it comes to protecting your brand’s reputation, goodwill, and value, this laborious, monotonous, and time-consuming process pays off in the long run.