Examlex
In 2008,Apple filed for and received approval from the U.S.Patent and Trademark Office to trademark the "App Store" name to describe a service that allows its iPhone and iPad customers to purchase and download applications,video games,and other software.Over the years,Apple has invested millions in advertising and publicity and customers have purchased millions of dollars of software from its "App Store." However,Amazon.com claims that Apple did not have exclusive rights to the name because other firms used it to describe their online storefronts where consumers can obtain software for smartphones and tablet devices.In 2011,Apple filed a lawsuit against Amazon for violating its trademark.Why should Apple rigorously protect its "App Store" trademark?
Secure Neighborhood
An area with enhanced safety measures, possibly including gated access, security personnel, and surveillance systems, aimed at reducing crime.
Insurance Premium
The amount paid periodically to an insurance company by the insured for covering their risk.
Adverse Selection
A situation in which one party in a transaction has more or better information than the other, leading to an imbalance and potentially unfavorable outcomes.
Transaction
A business deal or exchange between two or more parties.
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