Search Results for: REGULATION Q

shingle theory

Securities. The notion that a broker-dealer must be held to a high standard of conduct because by engaging in the securities business (“hanging out a shingle”), the broker-dealer implicitly represents to the world that the conduct of all its employees will be fair and meet professional norms. [Cases: Securities Regulation 27.21, 60.32(1). C.J.S. Securities Regulation

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hardship

hardship. 1. Privation; suffering or adversity. 2. The severity with which a proposed construction of law would bear on a particular case, sometimes forming a basis (also known as an argument ab inconvenienti) against the construction. See AB INCONVENIENTI; HARD CASE. [Cases: Statutes 181(2). C.J.S. Statutes § 318.] 3. Family law. A condition that makes

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innocent junior user

innocent junior user. Trademarks. A person who, without any actual or constructive knowledge, uses a trademark that has been previously used in a geographically distant market, and who may continue to use the trademark in a limited geographic area as long as the senior user does not use the mark there. See JUNIOR USER. [Cases:

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piracy

piracy, n. 1. Robbery, kidnapping, or other criminal violence committed at sea. [Cases: Criminal Law 45.50.] 2. A similar crime committed aboard a plane or other vehicle; hijacking. [Cases: Aviation 16. C.J.S. Aeronautics and Aerospace §§ 284–285, 287.] air piracy. The crime of using force or threat to seize control of an aircraft; the hijacking

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incontestability status

incontestability status. Trademarks. A classification of a trademark that meets certain criteria — including commercial use for five years after being placed on the Principal Register — as immune from legal challenge. • Although incontestability does not confer absolute immunity, it makes a challenge much more difficult. 37 USCA § 1065. Cf. DECLARATION OF USE.

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descriptive word

descriptive word. Trademarks. A term that portrays a general characteristic or function of a product or service. • A descriptive word may not be registered as a trademark unless it has acquired secondary meaning in the minds of consumers so that it is directly associated with one brand. [Cases: Trade Regulation 164. C.J.S. Trade-Marks, Trade-Names,

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