Consider the following statements regarding Trademark 1 A trademark is a symbol design word or phras...........

Indian Economic System(CSC) Industry

Consider the following statements regarding Trademark.

1.A trademark is a symbol, design, word or phrase that is identified with a business.

2.When a trademark is registered, its owner can claim exclusive rights on its use.

3.A trademark is valid indefinitely without any renewal.

How many of the above statements is/are correct?

Only One

Only Two

All Three

None

Correct : A trademark is a symbol, design, word or phrase that is identified with a business.

Correct : When a trademark is registered, its owner can claim “exclusive rights” on its use.

Incorrect : A trademark is valid for 10 years, and can be renewed by the owner indefinitely every 10 years.

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