Rights to a trademark exist as long as the mark is used. If a firm does not use it for three years, the trademark is considered abandoned, and a new user can claim exclusive ownership of the mark.

Question

Quizplus · Accepted Answer

This statement is true according to trademark law. If a trademark is not used for three consecutive years, it can be considered abandoned and available for another entity to claim exclusive ownership of the mark.

Rights to a Trademark Exist as Long as the Mark