Business assets like your stock, your office, and your equipment, are easy to recognise and associate with your company’s value and are invariably always protected in one form or another. However, another asset you have as a business owner which is often overlooked and not protected, like it should be, is probably your most important and valuable asset throughout the entire lifetime of your company. – Your Business Name.
For this reason, we offer a product which protects your Business name from ‘Passing Off’ (name copying). This means that should a business start trading with the same, or confusingly similar name, to yours within the sector and area you trade, you’re able to do something about it easily, as you have protection in place.
We will determine whether there is likely to be a case of ‘Passing off’, if there is, we will begin correspondence on your behalf, we are able to draft cease and desist letters and mutual agreements. Additionally, we can enter negotiations requesting the alternative business rebrands and changes its name and we can draft undertakings to this affect. If this does not result in a change of business name from the alternative business, we are able to gain further legal opinion and instruct solicitors to file an application at Court and to commence legal proceedings to stop the Passing off continuing. Business Name Protection offers cover for up to £10,000 worth of legal costs through the ‘Passing Off Assistance’ contained within it.