Is there any summary of the pro and cons of applying or renewing Manufacturer MIDI ID Numbers ?

Hi,

I work at a company that plans to produce a USB-MIDI device. I've read scattered over multiple sources that Manufacturer MIDI ID may be useful for reserving SysexesID. Is it just for avoiding SysexId collision or does it have a legal part too ? Is there any document that summarizes all the variables for applying or renewing such ID ?

I need it to discuss with the money team about what to do with all of this.


Best,