An intangible asset that is a distinct name, sign, or symbol that the federal government grants exclusive rights to use for a specified period of time trademarks
A trademark (also a written mark or trademark[1]) is an intellectual property consisting of recognizable symbols, designs, or expressions that identify products or services from a particular source and distinguish them from others. It is a form of public property.[2][] 3 ]The trademark owner can be an individual, business organization, or legal entity. Trademarks can appear on packaging, labels, coupons, or on the product itself. Trademarks used to identify services are sometimes referred to as service marks.
The first Trademark Act was passed in 1266 during the reign of Henry III. It was enacted and required every baker to use a distinctive symbol on the bread they sold. The first modern trademark laws appeared in the late 19th century. France enacted the world's first comprehensive trademark system in 1857. The UK Trade Marks Act 1938 changed the system to allow registration based on "intended use", introduced a process based on an examination, and created a system for publishing applications.
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