What is the life of a trademark?
Unlike patents and copyrights, trademarks do not expire after a set period of time. Trademarks will persist so long as the owner continues to use the trademark. Once the United States Patent and Trademark Office (USPTO), grants a registered trademark, the owner must continue to use the trademark in ordinary commerce.
Do I need to renew my trademark?
You must renew your trademark registration between the 9th and 10th year following your registration date, and each successive ten-year period thereafter. If you’ve exceeded the deadline year by less than 6 months, you may pay an additional fee to file within the USPTO grace period.
What happens if I don’t renew my trademark?
Registering your trademark ensures you maintain exclusive rights to the mark. If you don’t renew on time, you lose your rights. Your competitor would be within their full legal right to come in and claim ownership.
What are the 3 types of trademarks?
There are four categories of trademarks: (1) fanciful or arbitrary, (2) suggestive, (3) descriptive, and (4) generic.
Is there an annual fee for trademarks?
The answer is that no. Most countries recognize your trademark registration for 10 years and you can renew it for another 10 years, and then another 10 years, and then another 10 years.
Do patents expire?
U.S. patents issue for fixed terms and generally cannot be renewed. A U.S. utility patent has a term of 20 years from its earliest effective, non-provisional U.S. filing date. … Maintenance fees must be paid at 3 ½, 7 ½, and 11 ½ years after issuance of a utility patent, or the patent will expire at 4, 8, or 12 years.
Can you renew an expired trademark?
There is no procedure to revive or reinstate a lapsed or canceled registration, except in the unlikely event you filed the required forms and paid the mandatory fees, but the USPTO mistakenly did not process them in time.
Do trademarks have a useful life?
Trademarks have estimated useful lives that range from 2 to 40 years. Distribution networks have estimated useful lives that range from 20 to 30 years, and non-compete agreements have a 10-year contractual life.
Do trademarks depreciate?
Annual Review of Trademarks
Trademarks are not amortized since each is considered to have an indefinite life, meaning a perception exists that a trademark can retain its value forever. However, a business must reassess the value of its trademarks annually.