Top Ten Reasons For U.S. Companies To Protect Brands In Cuba Now: Part II
This blog post is Part II of a two-part series on strategic business reasons to seek protection of trademarks in Cuba now. Read Part I here.
The Opening Of U.S. Travel And Tourism In Cuba Means More Americans In Cuba Who Want to See American Brands Let's face it. American tourists want to see familiar brands when traveling abroad. They want to experience the authentic culture and history of Havana while sipping a Starbucks coffee. A relaxation of restrictions on U.S. travel (already begun) and tourism (on the horizon) in Cuba -means more Americans in Cuba, seeking familiar American brands.
Cost Of Proactive Registration Is Reasonable The government fees for filing a trademark application in Cuba are only US$300 for one mark in up to three classes (compare this with the U.S. government fees of about US$275 per mark per class). Cuban counsel fees for preparation and filing of the application will vary, but are typically in the neighborhood of US$700. This means an application for a registration of a trademark in Cuba will probably take only about a US$1,500 bite out of a company's budget. When you consider the protection afforded to what is arguably a company's most valuable asset, and the potential risks and costs of not having a registration in Cuba, the return on investment is staggering.
But Cost Of 'Rescuing' A Brand From Unauthorized Registration Is Not If a U.S. company discovers its brand has been registered in Cuba by an unauthorized party, it will be faced with the challenge of either proving the renown of its mark in Cuba and/or proving non-use of the mark by the third party registrant. In either case, the burden of proof is on the U.S. company and will require that U.S. company to put up substantial evidence and arguments to support its claims. In the case of a company trying to prove the renown of its brand...
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