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Trademarks are protected by law. Trademarks can also be registered. . In that case, the business tells the government of its country that it wants to use a certain name, word, phrase, symbol, logo, design or picture as a trademark for the products it sells. If no other person or business is using the trademark to sell those products, then the government will list that trademark. Once it is listed, no one else can use that trademark for those products. This is called "registering" the trademark.
TM (the "trademark symbol", which is the letters "TM" in superscript.)
If someone uses the trademark in a wrong way, the trademark owner can sue the other person. If a court decides that the other person was not allowed to use the trademark, they might have to pay damages to the trademark owner.
If another person wants to use a trademark that they do not own, they can ask the trademark owner for permission. The trademark owner can grant the other person a license. The other person usually must pay some money to the trademark owner for the license. This can be in the form of a percentage of the cost of the product that the other person sells called a royalty amount (some percentage).