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Who owns the trademark after my friend and I set up a company with the trademark?
I think who this ownership belongs to depends on how you negotiate with your friends. If you want to transfer the ownership of the trademark to the company, then the trademark right belongs to the company. If you don't need to transfer the trademark, but only authorize the use, then the trademark right still belongs to its original owner. The definition of this right mainly depends on whether the trademark right has been transferred.