Nothing lasts forever, as the band The Commodores has found out. They had some huge hits in the 1970's and 1980's. However, the band has since fallen apart and now various members have begun suing each other over the rights to their name.
If you own or want to own a business, it's important for you to learn certain terminology. For example, do you know the difference between a trademark and business name?
As you develop a new business, one thing you want to do is register your domain name trademark. Your domain name is a unique name specific to your business. No one else has the same name, making it easier for you to direct traffic from the internet to your website. The domain name is associated with your IP address. For instance, if you sell cookies, you might try to get "www.cookies.com" as your domain name.
If you're familiar with Harley-Davidson, then you probably recognize its logo and materials. The bold orange, black and white logo draws instant attention and is notorious in the biker community.
If you enjoy having a few drinks here and there, you may be familiar with the company Buzzbox Beverages. This company sells premixed cocktails in local stores.
Trademark law is an important part of business law, because it helps businesses protect their images. LBJ Trademarks, LLC, is a business that is run by Lebron James. Recently, he trademarked the phrase, "Nothing Is Given. Everything Is Earned." He also trademarked, "The I Promise School Nothing Is Given. Everything Is Earned."
When you run a business, you want to make it stand out. Most businesses do this by creating a service mark or trademark. Each has its own purpose.
You started a new business and came up with a great logo that you feel fits the style of your company. You need to protect it, because the last thing you want to see is another company using your trademark.
If you've ever smoked marijuana or been interested in the different strains, you know they have some interesting names. While they're clever and easy to remember, some may infringe on business' trademarks, which is an issue that has recently come up.
The Supreme Court has ruled that a trademark law that prohibits registration of a trademark that "disparages" others violates the Free Speech Clause of the First Amendment.