Basis at Law Glossary
What is it? The value that is used to determine profit or loss when property is sold.Legal Definition Added By: Seth
The Basis definition has been viewed 724 Time(s)!
Send To Friends!
If you'd like to send the Basis definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Basis. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Law Terms:
Legal Term Ornamentation is This refers to an attribute of a product which may not be protected under trademark law. Under the aesthetic functionality doctrine, those design attributes of a product that are mere ornamentation, i.e. aesthetically pleasing and help improve the salability of a product, but do not primarily assist the consumer in distinguishing the goods from a competitors goods, cannot receive trademark protection.Legal Term Geographical terms, trademark protection of is Geographical terms are those that convey to consumers a geographical connotation primarily or immediately , where such consumers are likely to believe that the underlying goods or services in fact come from that location. Such terms fall into three categories (1) primarily geographically descriptive; (2) geographically deceptively misdescriptive; or (3) geographically deceptive. The first two are capable of protection if the owner can demonstrate they have acquired distinction through secondary meaning, while the latter of these, geographically deceptive marks are never capable of receiving protection. If the geographic mark is accurate, it is geographically descriptive. If not, then the mark is either geographically deceptively misdescriptive or geographically deceptive, depending on which test a court applies, and the facts of the situation. A minority of courts look at the intent of the mark owner, while most courts look at whether or not consumers are likely to materially rely upon the misdescription. Thus a mark will be geographically deceptive if either the owner intended to to deceive the public about the origin of the product, or if consumers are likely to rely upon the misdescription in making their purchasing decisions. Finally, after the U.S. implementation of TRIPs, the Lanham Act. 2(a) has been amended to include a prohibition against the registration of any geographical mark for wines or spirits not from the place indicated in the mark.
Legal Term Analgesic is Generic term for medications that relieve pain. Some analgesics like aspirin have a low pain-relieving threshold, whereas others like oxycodone have a much higher ceiling.
Legal Term Spouse is Your husband or wife.
Legal Term As is Selling is A car that is sold as is is one which is sold with no warranty, such that the dealer and/or seller has absolutely no obligation to make any repairs, regardless of the vehicles condition.