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Meaning / Definition of

Go Long

Categories: Finance,

When you go long, you buy a security or other financial product that you intend to hold for a period of time or one that you expect to increase in value so that you can sell it at a profit. going long is the opposite of going short, which means you sell an investment, usually because you expect it to decline in value in the near future. If you're buying and selling options or futures contracts, you go long when you enter a contract to buy and you go short when you enter a contract to sell.

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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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