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Trademark Registration Process in Singapore

Trademark registration is an important step to establishing your brand and getting ahead of competition. In Singapore where there are a lot of investment opportunities, you will have to compete with brands that have loyal customers who want quality and assurance. A registered mark can put you on the same playing field as the companies with established brands.

Benefits of a Registered Mark
To register trademark means creating a unique identity for your company, but you will also get to enjoy several benefits, such as the following:

• Protection. Trademark registration is the best way to protect your brand from copycats and imposters who might wish to use the reputation of your brand to sell their products and/or services. This often happens to small businesses that are popular to the public and another entrepreneur will try to steal the idea because it works. The cost to submit a business mark application in Singapore is considerably a good investment for your business endeavor. If you register trademark, not only is the name of the business protected, but also the logo, design, colors, and tagline that you use to market your products and/or services. As part of the intellectual property laws, you are the recognized owner of your registered mark and you are given the right to use it for profit.
• Validation. Applying for a trademark registration in Singapore also ensures that you are copying other brands, too. The registered mark will less likely have problems because you have proven that it is original and unique.
• Enforcement. If you decided to take legal action against copycats or impostors, you will stand a batter chance at winning and getting compensation if you have a registered mark. The burden of proof will fall on the offender or the one who does not own the registered mark, because intellectual property laws recognizes that you are the owner of the brand. You will also spend less money than if you pay for damages even when you unintentionally or unknowingly copied a brand design.

• Public Notice. Part of the trademark registration process is advertising your trademark to determine whether the public will approve or object. The public can object if they think that the design or logo looks similar to a registered mark. If there is an objection, the applicant will be given time to complete the necessary actions to get approval.
• Security. Majority of the companies in Singapore also advertise online, which means that there will also be copycats and imposters that might sell the same product or a rip-off product. Intellectual property laws also cover trademark protection online especially in social media where your brand can be misrepresented or copied by other entrepreneurs. The offender has to pay damages to the owner the brand has been proven a copy.
• Brand Loyalty. Customers always look for brands they can trust. After all, they are spending their money on your products and/or services, that is why it is your responsibility to reassure them that you are operating a legal business which lawfully met copyright requirements. Establishing brand loyalty is essential to the growth of any business. With your avid customers patronizing your brand, you can renew trademark in Singapore even past its expiration and extend existing trademark by 10 years.

Registering Your Brand
A registered mark gives you exclusive rights and ownership on the name, an asset that you can use to improve and expand your business. Companies of any size are encouraged to apply for trademark registration in Singapore to enjoy the benefits detailed above.

The validity of the trademark registration lasts for about ten years and is renewable. Remember that if you register TM at the Intellectual Property Office of Singapore (IPOS), it means that the protection of the trademark only applies in the country. If you wish to apply for protection overseas, you can also submit the trademark application at IPOS using the Madrid Protocol.

Here are the things you need to do to apply for a trademark.

1. File an application form that includes the name of the owner, the address of the company, the goods and/or services that will be filed under that trademark, and the clear graphical representation of the trademark.
2. The goods and/or services filed under the trademark must be identified based on the classes. There are 11 service classes and 34 goods classes for trademark registration.
3. Pay the fee for trademark registration. The fee is applicable per class identified.
4. Issuance of a mark number by IPOS 15 days after checking the requirements.
5. Examination of the IPOS to determine if the trademark follows the Trade Mark Act guidance. The report can usually take up to four months to complete.
6. If the examination report is negative, the applicant will be given four months to respond. The applicant, however, can apply for an extension if needed.
7. If the examination report is positive, IPOS will publish the trademark in the Trade Mark Journal. This will determine if there are objections to the application within a two-month period. If there are oppositions, it may be necessary to conduct a hearing.
8. If there is no opposition to the published trademark, the owner will be given a certificate of registration.
9. The trademark application may be renewed by the owner after ten years but must show that the registered mark has been use for five consecutive years since its date of registration.
10. For owner wishing to register trademark outside Singapore and for foreigners who wish to designate Singapore, application may be done via the Madrid Protocol. The same steps listed above are applied but additional fees are required. The designated countries will also examine the trademark before the certificate is granted.
11. Renewal of trademark registration may be done online by submitting the application form and paying the fee.
12. The owner may grant a license to another party to use the registered mark. This can be done through agreements or contracts. The type of license may be exclusive or non-exclusive and a limiting the license for a specific purpose or non-transferable license. The owner should consult a lawyer if he/she wishes to grant licenses, franchise, or sell the trademark.

The Benefits of Using Accounting Software in Producing Invoices

Accounting software is a big help to the daily business operations of Singapore-based companies. Every day, a lot of invoices are being prepared and sent to clients, and computerized accounting system makes it possible for a tedious task like this to be done with ease.

The attractiveness of accounting software as an indispensable tool in producing invoices has increased as it has become easy to use even for those without accounting background and as prices of the available packages in the market plummet.

One major advantage brought by computerized accounting is the speed in making invoices. The entire accounting process is made faster and more efficient by Smartacc company which provides accounting services to businesses in Singapore. Compared to manual accounting that makes use of paper and pen, you can now produce printouts of invoices, which are far more professional-looking. Aside from that, you can even send invoices through e-mail, which is a green alternative as it does not require paper and ink for printing. Speed is very important in business. The quicker you can send invoices to your clients, the quicker you are likely to get paid. Billing and invoicing packages significantly help in making the process of preparing and recording invoices automatic and seamless.

Fewer Errors
When you make invoices by “the paper and pen” method, there is a greater chance of committing mistakes. Confusion is common with the traditional method of accounting, and as a result, you might commit errors in calculating totals and doing other computations. But when you have an accounting software in Singapore to make invoices, you minimize your chances of committing errors.

Billing and invoicing software also has a feature wherein you can include a tax percentage, if appropriate, and let the system take charge of all calculations. Software for invoices is very useful, especially when you have comprehensive invoices where items are billed at different rates. Visit if you want assistance in choosing accounting services for your business needs. This way, confusion is eliminated and errors are kept at a minimal level.

Reporting of Accounts
For a business in Singapore to run well, it requires reliable and on-time information. Accounting software for billing and invoicing can help a company, both big and small, in acquiring such data. Another benefit business owners can get from using automated invoice system is the ability to run account reports that can be very helpful in determining who among their clients have already settled their accounts and who still have outstanding balance. Reports are very important as they reveal who owes you, how much is owed, and for how long. With computerized invoice system, you can monitor your finances and contact your clients who are late-payers. This can drastically minimize financial losses on your part.

Organization of Data
Losing and forgetting about invoices typically happens, particularly when prepared manually. First, bills and invoices can get lost in the mail. They can also be filed wrongly. However, with the use of accounting software package for bills and invoices, you no longer have to worry about losing these important papers. All of them can be organized in one place for you to review, reprint, and resend if there happens to be need. You can simply look into the system for invoices based on invoice numbers, names, or amounts. The entire process of searching is fast and easy as the software automatically organizes data as it is inputted.

How to Handle Electrical Overloads at Home or Office in 4 Easy Steps

Homeowners and business owners in Singapore alike can sometimes ignore the dangers of electricity. Because there are now so many devices that need to be plugged in and switched on to work, it’s actually not that hard to imagine how likely electric overloads can be.

When a current going through a circuit exceeds the circuit’s capacity, this can result in an overload. This may be because you have too many electrical devices plugged into the same outlet, or if an appliance exceeds the current capacity.

When these overloads do happen, there are usually safety features (i.e. circuit breakers and fuse boxes) to minimize any potential hazards that could arise due to the overload. These safety features are often mandatory, and can do a lot to prevent accidents from happening.

By knowing how to handle current overloads at home or at work, you can not only make sure that you minimize any potential damage, but also keep people nearby from getting hurt.

1. Know the amperage of fuses and circuit breakers

The amperage is a term used to describe the strength of an electric current, and is measured in amperes, or amps, in most modern devices and circuit breakers.

To prevent another electrical overload at home or at work, you should find out how much amperage your fuses and circuit breakers have, and these are often loaded up to eighty percent of their rating.

Put simply, a circuit breaker with a capacity of twenty amperes will trip once the current reaches sixteen amperes. Circuit breakers that keep tripping violate this rule, in which case you should contact a power trip technician in Singapore to have it checked.

2. Find out which circuits connect to which outlets/rooms

Once you’ve successfully managed to find out which circuits in your home or office keep on overloading despite how many times you changed the safety fuse, the next step you should take is to find out where the circuit connects to.

After finding the overloading circuit, switch off these electrical works. Shut down and pull the plug on all devices that happen to be connected to that circuit to minimize the risk of an electrical or fire hazard at work or at home.

Business owners and homeowners in Singapore alike can easily access their circuit legend from their office or house’s plans in order to find out where this is.

(Tip: You can use an electronic device to test if there is still power in the outlets that are directly connected to the overloading circuit.)

3. Add all your appliances’ and devices’ amperage

Proceed to plug in your appliances and switch on the breakers slowly after determining where the overloading circuit is. Be sure to take note of their amperage when you do so (ideally, there should be a sticker on your appliances that states the amount of amperage they have) and write them down.

Once you’ve added the amperage of your appliances and devices, proceed to compare this number with the maximum allowed amperage of the circuit and the circuit breaker. If the amperage of your appliances exceeds that of the circuit’s allowed amount, try shutting them down when not in use.

As much as possible, avoid using many appliances that need to be plugged in when you find that there is a circuit at home or office that is in danger of a potential electric overload, and be sure to call a licensed electrician service in Singapore when this happens.

4. Consult a professional electrician services

Electricity can both be extremely useful and extremely dangerous at the same time, and while using electricity for your appliances can be quite simple, don’t hesitate to call a professional should a problem arise.

As much as possible, call a professional electrician right away when you find yourself encountering this problem in order to avoid any potential hazards that could arise, and during the initial assessment, be sure to unplug any and all appliances that you’re not using.

A good electrician will be able to assess why the circuit is overloading as well as give you helpful advice on how to take the necessary measures to keep this from happening again, and even make sure that all your cables, wiring, and fixture installations are working properly.

Hiring an electrician services can also help you get your electrical works up-to-date to keep it run as smoothly, efficiently, and as safely as possible.

Your responsibility as a business owner or a homeowner is to be able to find and fix potential hazards in your office, especially electrical ones, such as a loose or cut wire that needs to be joined back together.

While there are some problems that you can fix yourself, there are definitely other bigger and more dangerous hazards that could cause a danger when handled poorly, and should be best left to professional services.

With a professional service helping out your business, you minimize risks for your business and get the most out of your electricals and equipment, all with the benefit of fast work and guaranteed results to ensure that your home or office is safe and ready to take on your needs.

Depending on the kind of electrical problem that you have for your home or office, you might even want to contract a professional firm that is available on call 24/7 to solve your electrical problems.