18:51
medicine is a scam
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LSDefine
Simple English definitions for legal terms
functional discount
Read a random definition: Palmer's Act
A quick definition of functional discount:
Functional Discount: A type of discount that is given to customers based on the function or purpose of the product they are buying. For example, a discount on bulk purchases or a discount for repeat customers.
Functional Disease: A type of disease that affects the way an organ or body system works, rather than causing physical damage or abnormalities.
Functional Feature: A design element of a product that is necessary for its proper use and operation, rather than just for decoration. These features cannot be protected by trademarks.
A more thorough explanation:
A functional discount is a type of discount given to customers for buying a product in bulk or for other functional reasons. It is also known as a trade discount. For example, a retailer may offer a functional discount to a customer who buys a large quantity of a product, such as a case of soda or a pallet of paper.
In trademarks, a functional feature is an essential attribute of a product that is necessary for its proper operation or manufacture. It is utilitarian rather than ornamental in every detail and cannot be protected by trademark law. For example, the shape of a bottle may be a functional feature if it is necessary for the bottle to stand upright or for the cap to fit properly.