Acronyms are defined as the abbreviations of longer words formed by the initial letters or groups of letters of words in a set phrase. While the trademark is defined as "A mark capable of being represented graphically and which is…
Trademark licensing is a process through which a registered trademark owner (licensor or proprietor), allows another party, called a licensee, to make or distribute or do both for specific products or services under the licensor's trademark agreement. The licensor receives…
A patent is a privilege given to the creator of an invention to prohibit the invention from being made, used, imported or sold by others without permission. A patent may be secured for a product or method that offers a…