Definition of Trademark
A trademark grants the creator of a name or symbol the exclusive right to use the name or symbol that they created. A trademark is a legal right granted by the U.S. Patent and Trademark Office (USPTO).
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Companies develop trademarks to identify the goods of their business and to distinguish these goods from the goods of others. Without trademarks, one company might create a clever logo or product name, invest in the asset, and then find that a competitor is using the same logo or name. Unlike patents, trademarks are renewed forever as long as they are being used in business. If you don't actively use a trademark, you can lose the protection. To learn more, and as a cure for your insomnia, read the United States Trademark Act 15 U.S.C. Section 1127 (1988).
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