ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -TRADEMARKS A trademark is a distinctive sign that identifies certain goods or services as those produced or provided by a specific person or enterprise. It may be one or a combination of words, letters, and numerals.

Detailed explanation-2: -A trademark can be any word, phrase, symbol, design, or a combination of these things that identifies your goods or services. It’s how customers recognize you in the marketplace and distinguish you from your competitors.

Detailed explanation-3: -The service mark symbol ℠ (the letters ⟨SM⟩ in small capitals and superscript style), is a symbol used in the United States and some other jurisdictions to provide notice that the preceding mark is a service mark. This symbol may be used for service marks not yet registered with the relevant national authority.

Detailed explanation-4: -A trademark offers legal protection for a symbol, logo, phrase, word, design, or name that represents goods or products. A service mark, or servicemark, offers similar protection for services. If your company sells an item or multiple items, you’d need to trademark the mark used to represent the business.

Detailed explanation-5: -It can be associated only with services and not goods or products. It is often slogans for a service provided by a company. For example, a plumber can register a service mark ‘Leak Fixers’ for the plumbing service he provides, with or without a distinctive logo.