The most significant parts of the Intellectual Property Rights (IPR) in this case are
business name and its
copyright (©).
A trademark, ®, is a mark (for example a word, figure, slogan or a combination thereof) that can be used to associate goods or services with their issuer.
A TM is a symbol that helps customers find your business. It differentiates a company, a specific product, or service from its competitors.
Definitions according to Trademark Act for this Act:
- Trademark means the mark used in trade in goods and services for which exclusive rights have been acquired by the provisions of this Act;
- An EU Trademark as referred to in Article 1 of Regulation (EU) 2017/1001 of the European Parliament and the Council on the European Union trade mark (herein-after EU Trade Mark Regulation);
- The Community trademark is a trademark which is intended to be used by the members of the trademark in the course of trade;
- The mark, which is intended to be used for the goods or services subject to inspection or control;
- International Bureau means the International Intellectual Property Office of the World Intellectual Property Organization (WIPO); and
- International registration means the registration of a trademark by the International Bureau (Act on Trademark 544/2019, section 2).
The owner of the
TM can use it to identify the goods and services produced, or it can grant permission to another company (licensee) to use the trademark in exchange for an economic benefit. Trademark licensing is thus a way to derive the economic benefit from the IPR.
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