lovingit
03-17-2004, 11:52 AM
Hey mamas,
I wanted to share why Mom and Babe Co had to close its doors and restructure because just as I have learned so many things from you, I am hoping I can help another WAHMama out.
Prior to starting this business, I wrote a business plan with well-thought of and innovative ideas. I thought I had sufficiently covered my bases and after 8 months or so of being in business, I felt that I was really on the rode to success!
I was contacted by another business owner (along with her lawyer) who claimed that my business name was in violation of her trademark. This is a business owner who has been in business for over 5 years.
Mind you, I did do a search on my business name at http://www.usptp.gov, but I didn't realize the extent on how complicated trademark issues are. Apparently there have been customers who have gotten our stores mixed up, which brought on her investigation.
I'm sure your first instict is to "fight", but after consulting 3 lawyers (one of which is a trademark lawyer who *just* finished a stent working as a patent/trademark reviewer for USPTO), the conclusion was the same: IT ALL COMES DOWN TO $$. I could very well have a chance to win today, but they can appeal etc...
As some of you may know, for every intervention an attorney makes, it costs $$.
OR
I can re-establish myself as a new business and trademark that name for appx the same amout of money, without fearing that down the line this lady can come after me with same allegation. (even if I, say, were to win today). I also re-evaluated how far I want my business to go and realized that it is better to just move forward than to fight this battle. Someday I want to be a B&M store, and I now am more committed to a more unique name to distinguish our family business from others.
So, I have an attorney who is currently in the process on searching the USPTO databases for any violations my new desired business name will be. Once that is completed, then I am seeking to trademark this name! I am so excited about this! Once the search comes out successfully, I will start working on my website with a new domain name, and then life can go on.
Thank you for reading this far! My lesson on all this is to not underestimate the legalities involved in a business structure, as well as to be open to change! Haha!
Thank you for everyone's support, and know that as soon as I open up, you are the first to know!!!!
HUGS!
I wanted to share why Mom and Babe Co had to close its doors and restructure because just as I have learned so many things from you, I am hoping I can help another WAHMama out.
Prior to starting this business, I wrote a business plan with well-thought of and innovative ideas. I thought I had sufficiently covered my bases and after 8 months or so of being in business, I felt that I was really on the rode to success!
I was contacted by another business owner (along with her lawyer) who claimed that my business name was in violation of her trademark. This is a business owner who has been in business for over 5 years.
Mind you, I did do a search on my business name at http://www.usptp.gov, but I didn't realize the extent on how complicated trademark issues are. Apparently there have been customers who have gotten our stores mixed up, which brought on her investigation.
I'm sure your first instict is to "fight", but after consulting 3 lawyers (one of which is a trademark lawyer who *just* finished a stent working as a patent/trademark reviewer for USPTO), the conclusion was the same: IT ALL COMES DOWN TO $$. I could very well have a chance to win today, but they can appeal etc...
As some of you may know, for every intervention an attorney makes, it costs $$.
OR
I can re-establish myself as a new business and trademark that name for appx the same amout of money, without fearing that down the line this lady can come after me with same allegation. (even if I, say, were to win today). I also re-evaluated how far I want my business to go and realized that it is better to just move forward than to fight this battle. Someday I want to be a B&M store, and I now am more committed to a more unique name to distinguish our family business from others.
So, I have an attorney who is currently in the process on searching the USPTO databases for any violations my new desired business name will be. Once that is completed, then I am seeking to trademark this name! I am so excited about this! Once the search comes out successfully, I will start working on my website with a new domain name, and then life can go on.
Thank you for reading this far! My lesson on all this is to not underestimate the legalities involved in a business structure, as well as to be open to change! Haha!
Thank you for everyone's support, and know that as soon as I open up, you are the first to know!!!!
HUGS!