ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A trademark is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises. Trademarks are protected by intellectual property rights.

Detailed explanation-2: -A trade name does not provide you with any brand name protection or provide you unrestricted rights to utilize that name. A trademark protects your brand name and can also be linked to your business name. Symbols, logos, and phrases can all be protected by a trademark.

Detailed explanation-3: -Fanciful Marks If you want to obtain trademark protection, your best option is a fanciful mark. These are marks that have been invented solely to serve as a trademark, and they are the strongest marks. They have no other meaning other than their role as a mark.

Detailed explanation-4: -A trademark is used for goods, while a service mark is used for services. A trademark: Identifies the source of your goods or services. Provides legal protection for your brand. Helps you guard against counterfeiting and fraud.