ECONOMICS
PROPERTY RIGHTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A trade mark is a sign which distinguishes the goods and services of one trader from those of another. A mark includes words, logos, pictures, names, letters, numbers or a combination of these.
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The ornamentation or shape of a functional object, such as a chair
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The right to prevent others from copying or modifying certain works
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A monopoly to make, use, or sell an invention
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Detailed explanation-1: -A trade mark is a sign which distinguishes the goods and services of one trader from those of another. A mark includes words, logos, pictures, names, letters, numbers or a combination of these.
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. The word “trademark” can refer to both trademarks and service marks.
Detailed explanation-3: -A trademark gives protection for a symbol, word, phrase, design, logo or combination of all of them. It gives an identity to a product that represents a source of goods or services. A trademark in India is protected under the Trademark Act, 1999 and common law.
Detailed explanation-4: -Which of the following identifies as a trademark? Explanation: The name, symbol, and logo help customers to identify products quickly and prevents duplicity. All the names, symbol, logo are trademarks of a certain manufacturer, company.
Detailed explanation-5: -"Trademark", however, also includes any device, brand, label, name, signature, word, letter, numerical, shape of goods, packaging, color or combination of colors, smell, sound, movement or any combination thereof which is capable of distinguishing goods and services of one business from those of others.