If you are planning to expand your business globally, you might have heard about Madrid Protocol. It is an international treaty that allows businesses to register their trademarks in multiple countries with just one application. This saves a lot of time and money because you don’t have to file separate applications in each country where you want protection for your trademark.
One of the first questions that come to mind when considering Madrid Protocol is, “How much does it cost?” The answer is not straightforward because it depends on various factors.
Basic Fee
The basic fee for filing an international application under Madrid Protocol is 653 Swiss Francs (CHF). This fee includes the first three classes of goods or services. If you want to add more classes, there is an additional fee of 100 CHF per class.
Individual Fees
After submitting your application, each designated country’s trademark office will review it and determine whether it meets their requirements. They may also require additional fees for processing your application. These fees vary from country to country and can be found on the World Intellectual Property Organization’s website.
Renewal Fees
Once your trademark is registered through Madrid Protocol, you will need to renew it periodically. Renewal fees also vary depending on the number of classes and countries where your trademark is registered.
Advantages of Madrid Protocol
The cost of registering your trademark through Madrid Protocol may seem high compared to filing a single application in one country, but it offers several benefits that can save you money in the long run. Some advantages include:
- Cost-effective way to protect your trademark internationally
- Saves time and resources by avoiding multiple applications in different countries
- Easier management of your trademark portfolio with one central renewal date
- Faster registration process because designated countries have 18 months to review and approve or reject your application
Conclusion
In conclusion, the cost of registering your trademark through Madrid Protocol depends on various factors such as the number of classes and designated countries. However, the benefits of this international treaty can outweigh the costs in the long run.
It offers a cost-effective way to protect your trademark globally and simplifies management of your trademark portfolio. If you are planning to expand your business internationally, Madrid Protocol is definitely worth considering.
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If you’re a business owner or an entrepreneur looking to expand your brand internationally, you may have heard of the Madrid Protocol. The Madrid Protocol is an international treaty that makes it easier for businesses to register their trademarks in multiple countries. However, before you consider filing a trademark application under the Madrid Protocol, it’s essential to understand how much it will cost.
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