Legal Tips

Tip Tuesday: 3 Things to Consider Before Signing A Contract

Contracts are, or should be, a regular tool that entrepreneurs use in the regular course of conducting business with vendors, contractors and partners.  Learn 3 things to look out for before you sign on the dotted line.  Note: The information presented herein is for educational purposes only, and neither constitutes legal advice, nor creates an attorney-client privilege between us. If you have specific legal questions, consult a licensed attorney in your jurisdiction or state.

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With Gratitude,
Nik

Tip Tuesday: The Difference between Copyright and Trademark Law

Too often, I see entrepreneurs treat intellectual property as an afterthought, when truthfully, IP could be their most valuable asset.  I also hear unintentionally people confuse the different types of IP, such as copyright and trademark.  It’s important, and relatively easy, to learn the difference.  Watch this short video for a high level, easy-to-understand overview of the differences between copyright and trademark law.  Please note: the information provided is for educational purposes only, and neither constitutes legal advice, nor creates an attorney client privilege between us.

 

If you want to learn more, subscribe to NikSallie.com and my Youtube Channel, and head over to my exclusive Facebook Group where you can find support and inspiration from fellow creative entrepreneurs.  See you in the next video!

With Gratitude,

U.S. Trademark Fees Increasing Jan. 14, 2017

Hi there,

If you’ve considered filing a trademark application with the United States Patent and Trademark Office to protect your brand name, here’s a heads up that some fees are increasing on Jan. 14th.  So if you’re not filing before that date, adjust your budget to cover these additional costs.  Here’s a quick summary of the changes:

The main 2 ways to file a trademark application are on paper or online.  The paper method is slower and more expensive than the online method (with its inherent efficiency); therefore online filings are usually more popular.  Both methods have increased fees, but the fee for paper filings is increasing from $375 to $600 per class ($225 difference) while online filings are increasing from $325 to $400 (only a $75 difference).  Think of a trademark class as your goods/services that are being offered to the public under your trademark.  What this means for you:

Let’s take my fashion blog, Thread Conscious, as a general example.  If I wanted to protect that trademark in all 50 states and decided to place it on t-shirts and mugs to sell, in addition to the online entertainment blog I already have, here’s what the costs would look like for my application filing before and after Jan. 14, 2017:

Application Filing Fees Example

Before Jan. 14:

  • Entertainment class = $325
  • T-shirts/clothing class = $325
  • Mugs class = $325

Filing total: $975

After Jan. 14

  • Entertainment class = $400
  • T-shirts/clothing class = $400
  • Mugs class = $400

Filing total: $1200

If you’re only applying for one class, this change may not impact your budget very much.  But for those of you filing applications for multiple trademarks and/or multiple classes, these fees can add up quickly.  For a full list of all fee changes, please see the chart here.

With Gratitude,

Nik