Practice question
A company proposes assigning only its trade name to an unrelated buyer while retaining the entire enterprise identified by that name. It claims trade-name transfers always follow the same standalone rule as every mark assignment. Which is correct?
- Every trade name is freely detached without qualification
- Section 165.4 requires a change in trade-name ownership to accompany transfer of the enterprise or identified part
- A trade name can never be transferred
- Only the buyer’s slogan matters
- The company’s employees automatically become the buyer’s shareholders
Legal references
- https://lawphil.net/statutes/repacts/ra1997/ra_8293_1997.html — RA 8293, sections 121, 165 and 167
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