These types of agreement are drafted when there are identical or very similar trademarks, but within a different field of interest.
The World Intellectual Property Organization, manifests that the fact that there are similar trademarks is not a reason to have conflict, provided each of them has its own main purpose, clearly identifying the products or services they are interested in, and differentiate from the competition.
A pacific coexistence agreement is signed by the trademarks’ owners, and each of them guarantees the other that they will not interfere in the other’s field of interest.
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