As royal as it sounds, the mark is apparently owned by the royal couple Meghan Markle and Prince Harry. The royal couple filed the mark a day prior to their separation from the joint charity they had shared with Prince William and Kate Middleton. The trademark application covers different classes of goods including printed materials — like magazines and booklets — as well as clothing items; and services such as education, social care services and charitable fundraising.
Trademarks are signs capable of distinguishing the goods or services of one enterprise from those of other enterprises. They are forms of intellectual property rights, which can be registered to protect your brand, including its name. Should there be no opposition from a third party after the end of the publication period, the mark gets registered. With a registered trademark, Harry and Meghan will have the full right to sell and license the organization. Not only are they given the power to sell and license, but they will also be able to “take legal action against anyone who uses” the brand without their permission.
However, there are brand names that may not be as privileged and fortunate as the royal marks — that is, the mark may be confusingly similar to an existing mark, it is merely descriptive, or it contains the wrong classification of goods or services. It is therefore important to plan ahead, consider talking to an IP Specialist and get the privilege like the royal couple have.