Mary kate inc. allows Ashley company to use Mary kate’s trademark as part of Ashley's domain name. this is a license.
A trademark is any term, phrase, symbol, design, or combination of these that distinguishes your products or services from those of others. It's how consumers identify you in the marketplace and set you apart from your rivals. Both trademarks and service marks can be referred to as trademarks. For commodities, a trademark is utilised, whereas for services, a service mark is used. One prevalent fallacy is that by registering a trademark, you can legally claim ownership of a word or phrase and forbid others from using it. You do not, however, own the word or phrase in general; rather, you only own the use of it in connection with your particular products or services.
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