What are the LEGAL IMPLICATIONS of opening a company with almost similar name of of a very well established co
what are the LEGAL IMPLICATIONS of opening a company with almost similar name of of a very well established company in UNITED STATES. are there any strict laws in United States which prohibits these kind of acts.
The nature of the products sold can be same or not?
Answers:
Find another name and save yourself a whole lot of headache. The established company will sue your pants off for even closely resembling their name , product, or service.
Yes, there are strict laws that condemn immitating the name or public image of an existing company.
In the US, it could be considered unfair trade practices, depending on the specific state. Unfair competition laws vary, and trademark laws exist at both state and federal levels.
If the companies are dealing with completely unrelated products, the state may automatically waive the conflict, or you may be required to get the other company's permission before using the name.
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