Asked by Daynellie Kendall on May 21, 2024
Verified
Apex Electrical Inc. agrees to allow Apex Foundations LLC to use the owner's trademark "Apex" as part of its company name but not otherwise. The domain name apex.com can be used online by
A) Apex Electrical only.
B) both businesses but no others.
C) neither business.
D) both businesses and any others that own the mark.
Trademark
A symbol, word, or words legally registered or established by use as representing a company or product.
Domain Name
The address of a website on the internet, which represents an organization or individual's digital identity.
- Understand the importance of licensing agreements when utilizing patented technologies or trademarks, including the possible legal restrictions or permissions.
- Acquire knowledge of the prerequisites for a name or service to obtain trademark protection and the impact of trademark law on branding and marketing strategies.
Verified Answer
ON
obrien neelyMay 23, 2024
Final Answer :
A
Explanation :
The agreement allows Apex Foundations LLC to use the "Apex" trademark as part of its company name but does not extend to the use of the domain name apex.com. Therefore, only Apex Electrical Inc., the owner of the trademark, retains the right to use the domain name online.
Learning Objectives
- Understand the importance of licensing agreements when utilizing patented technologies or trademarks, including the possible legal restrictions or permissions.
- Acquire knowledge of the prerequisites for a name or service to obtain trademark protection and the impact of trademark law on branding and marketing strategies.