Trademarks Can Also Be Called Service Marks (If Used for a Service)

question 50

True/False

Trademarks can also be called service marks (if used for a service), but a trademark is not the same as a trade name.

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Definitions:

Secret Formula

A proprietary and confidential composition or recipe that gives a product its unique characteristics and is closely guarded to maintain a competitive advantage.

Joint Stock Company

a business entity in which shares of the company's stock can be bought and sold by shareholders.

Partnership Agreement

A binding contract between partners that outlines the rules, responsibilities, and financial arrangements of their partnership.

Transferable Share

A share in a company that can be transferred from the current owner to another party without restrictions.