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Bull Put Spread
Categories: Options, Strategies, Investing and Trading,
A strategy in options trading in which an investor purchases a lower priced put option and sells a higher priced put option at a higher strike price. Since the short put option costs more than the long put option, the investor starts at a profit, which can be retained if the underlying stock remains lower than the higher strike price, causing the higher priced put option to expire worthless. This is a vertical spread trade because both options must share the same expiration date. Both in-the-money and out-of-the-money put options can be used. The maximum profit is the initial profit received from the sale of the higher strike price put option and the purchase of the lower strike price put option. The maximum loss is that amount minus the difference between the two strike prices.
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Definition / Meaning of
Section 15 Declaration Of Incontestability
Categories: Patent,
a sworn statement, filed by the owner of a mark registered on the principal register, claiming “incontestable” rights in the mark for the goods/services specified. An “incontestable” registration is conclusive evidence of the validity of the registered mark, of the registration of the mark, of the owner’s ownership of the mark and of the owner’s exclusive right to use the mark with the goods/services. The claim of incontestability is subject to certain limited exceptions set forth in §§15 and 33(b) of the trademark act, 15 U.S.C. §§1065 and 1115(b). 15 U.S.C. §1065. Filing a Section 15 Declaration is optional. However, there are certain rules governing when one may be filed. A §15 Affidavit may not be filed until the mark has been in continuous use in commerce for at least five consecutive years subsequent to the date of registration for marks registered under the Act of 1946 (and subsequent to the date of publication under §12(c) of the trademark act, 15 U.S.C. §1062(c), for marks registered under the Acts of 1905 and 1881 for which the benefits of the Act of 1946 have been claimed). The §15 Affidavit must be executed and filed within one year following a 5-year period of continuous use of the mark in commerce. Marks registered on the supplemental register are not eligible for claims of incontestable rights under §15. -- see File a §15 Declaration
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