1: trade mark definition
2: trade mark works
3: trade mark vs patent
4: example of trademark
Opening information:
Trade mark sentence breaks into two words trade mark, trade means buying and selling of one things.
Mark means one symbol or letter or line of Art, trade mark means a symbol which is used to do business.
So now let’s have a look at what is a trademark mark, how the trademark works in the stock market among all the Corporate Industries, and what is the difference between a trademark and a patent, finally one clear example of the trademark.
1: Trademark definition
If we look at the history of trademarks, the world’s first known trademark law was enacted by the Parliament of England in 1266 by King Henry III, and the first trademark law was passed by the Parliament of England under his rule.
Whatever the reason for the enactment of this law, by the mid-1200s, fraud with bread had increased. To prevent this, King Henry III ordered bakers to add a unique identity to all breads sold.
Richard a male entrepreneur ran a company. He is the CEO of the company. The name of the company is dorkyo.
dorkyo is a company that makes biscuits. 9 million biscuits pockets are made by the dorkyo company for one year.The yield of each biscuit is $3.
So the total value of biscuits sold is $27,000,000.The biscuits made by this dorky company were all well received by the people. But, suddenly the price started to fall.
The reason for this is that some biscuits are frauds. So, Robert was thinking about who would bring the dorkyo biscuits company back to its old state as prices were going down.
Robert finally made a decision. That’s, why Robert created a unique logo, a giant logo, for his company dorkyo.
It belongs only to the dorkyo company. It shall not be used by any other company or organization without the permission of the dorkyo company.
Beyond that, other fraudsters will be punished by law if used. Therefore, the dorkyo Company began to operate under this law.
Robert’s Dorkyo Company began to earn more than the old standard income. The Trademark is a symbol created by Robert for the Dorkyo Company to protect his company.
So let’s dive into how the Trademark works in the public market for all Corporate Industries.
2: trade mark works
Trademarks don’t represent any specific object or thing, instead, they are an idea or illustration of one context, when the trade happens in any market in which that trade is placed and raised with one logo or name.
Where that logo or name is considered as a mark, however, the logo would be used in the trade, so it is demonstrated as a trademark.
Therefore any business that trades with a logo or symbol which that trade of symbol or logo of such company is called a trademark.
However, the trademark of such an organization would be used and placed on every product of their Companies and that trademark would have value on the market based on the business’s future earnings and market value.
Moreover, this trademark is not touchable physically like all other materials, it’s an untouchable item and couldn’t able to create any object at full value or price in the market.
Despite each company trade trademark value being completely derived from its business, if such a business had a huge reputation and its price is worth more than a billion dollars, then such business trademark value is marked as very high.
At the same item, when the same business is only valued at hundreds and thousands of dollars, then trade mark of the business would be lesser than its business total value.
This trademark is the one which is marked or written or accounted in the balance sheet of one company on the asset side as an intangible asset and has one kind of value of price based on their company worth.
If that company’s market value and income increase, the Industry trademark value increases too, or if the company’s market value and income decrease, then that same trademark value would decrease too.
It won’t have a value like a stable physical asset, but it’s considered an asset in the public Corporation anyway.
Most people confuse the patent and trademark, let’s jump into knowing the key difference in it anyway.
3: trademark vs patent
The difference between a trademark and a patent is that a trademark is occupied and specified by any kind of business to protect the symbols or letters of one identity of any business.
Next, the businesses of patents are applied and give strong protection for the idea or rights of the business. To make your more clear about the trademark, let’s look into one clear example below.
4: example of trademark
If we take the Facebook company as an example to notify the patent and trademark.
The patent is the idea of protecting Facebook, then the trademark is the one which is meant to be a Facebook symbol.