Answer» Correct Answer - Option 3 : Trademark
The correct answer is Trademark. - A brand is defined as a name, term, design, symbol, or any other feature that identifies one seller’s good or service as distinct from those of other sellers.
- The legal term for brand is a trademark.
- A brand may identify one item, a family of items, or all items of that seller.
- A brand is a known identity of a company in terms of what products and services they offer but also the essence of what the company stands for in terms of service and other emotional, non-tangible consumer concerns.
- A patent is the granting of a property right by a sovereign authority to an inventor.
- It is an official right to be the only person to make, use or sell a product or an invention.
- This grant provides the inventor exclusive rights to the patented process, design, or invention for a designated period in exchange for a comprehensive disclosure of the invention.
- A licence is an official permit to engage in a particular activity.
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