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The trademark is in the name of a friend's company
There is no risk in applying for a trademark with your company, but if your friend uses this trademark and uses it in your company's name, your company will bear the responsibility for any problems. If the trademark applied by your friend is similar to the registered trademark previously applied for and sold by others, you will be responsible for using the similar trademark. And if there is any problem with the products using this trademark, your company will also bear the responsibility, because the applicant of this trademark is your company.