This document provides information about trademarks. It defines a trademark as a word, phrase, symbol or design that identifies goods or services and distinguishes them from competitors. The characteristics of a trademark are that it must be easy to say and spell and identify the source of the goods or services. There are three types of trademarks: arbitrary, suggestive, and descriptive. Trademarks do not expire like patents and copyrights as long as the owner continues using the trademark in commerce. The document was for a class on business environment and included the student and faculty names and test marks.