The purpose of a trademark is for you to obtain a “monopoly,” or exclusive right, over a design, logo, phrase, or word that distinguishes your goods or services, as well as your business. This right is valid throughout Mexico and helps prevent third parties from stealing your business's name, the logo you use, etc. Another advantage of registering is that you can authorize whoever you choose to use your trademarks (for example, this means you could franchise your business and let other people open branches, earning income for you in the process). Finally, trademarks become assets of your business, and you can even go on to sell them or use them as collateral to apply for loans.