For Example Like
For Example Like
How It's Acquired - Registration and "use in commerce" for Federal protection.
EXAMPLE:
Source of the Law - U.S.C. and state laws.
EXAMPLE:
Length of Term - Perpetual; subject to abandonment, genericide.
EXAMPLE: Brand: "Honda Motorbikes"
Perpetual: Honda has registered the trademark "Honda" for motorcycles and cars in
Vietnam. This trademark can be renewed indefinitely if Honda continues to use and
protect its ownership rights over the brand.
Abandonment: If Honda ceases the production or sale of motorcycles and cars in
Vietnam for an extended period without a valid reason, the "Honda" trademark could be
considered abandoned, leading to the loss of protection.
Genericide: In Vietnam, many people use the term "Honda" to refer to all types of
motorbikes, even those not manufactured by Honda. This is an example of generic use.
However, the "Honda" trademark is still strongly protected by Honda Vietnam.
Nonetheless, if this phenomenon is not controlled and becomes more widespread, the
"Honda" brand could become a generic term for this type of vehicle, risking the loss of
its exclusivity.
The customers
-can use brand names as simplifying heuristics for processing large amounts of
information
-give customers confidence in the purchasing situation
EXAMPLE: Apple - iPhone: Customers often choose the iPhone because the Apple
brand is renowned for its high quality, sleek design, and integrated ecosystem. This
helps customers feel confident in their purchasing decisions.
The firms
-benefit enormously from having strong brand names;
-often allows higher prices to be charged;
EXAMPLE: Starbucks has a strong brand name that allows them to price their products
higher than competitors. Customers are willing to pay more for Starbucks products due
to the brand's recognition and reputation, leading to higher profits.