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Simple English definitions for legal terms
commercial name
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A quick definition of commercial name:
A commercial name is a name that a company or business uses to identify itself. It can also be used to identify the products or services that the business offers. A commercial name is important because it helps establish the reputation of the business and creates goodwill. It can also be a trademark or brand name that has become well-known and recognized by consumers.
A more thorough explanation:
A commercial name is a name, symbol, or style that a company uses to identify itself or its products or services. It is also known as a tradename. A tradename helps to establish goodwill and symbolizes the reputation of the business.
For example, Coca-Cola is a commercial name or tradename that identifies the company that produces the popular soft drink. Another example is Nike, which is a commercial name that identifies the company that produces athletic shoes and apparel.
These examples illustrate how a commercial name is used to distinguish a company from its competitors and to establish a brand identity that consumers can recognize and trust.