What is a Statement of Use?
A Statement of Use is a declaration submitted by the trademark owner, affirming that the trademark is actively used on the goods and services specified in the application, accompanied by tangible evidence.
Its Importance?
Establishes Use in Commerce
A Statement of Use serves as evidence that the trademark is in use in commerce, which is necessary for obtaining trademark registration.
Expedites the Registration Process
Once the Statement of Use is submitted, the priority date for the trademark application is established, granting the applicant precedence over others who apply for similar trademarks.
Offers Legal Protection
Once the Statement of Use is filed and accepted, the trademark registration takes effect, allowing the owner to take legal action against any infringers.
Increases Trademark Value
A registered trademark accompanied by a detailed Statement of Use positions the trademark as a valuable asset for the owner, making it eligible for licensing, sale, or use as collateral.