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I submitted a trademark application for my company, and it was approved for publication. During the publication period, I received a Notice of Opposition from a company stating that our trademark name would cause a likelihood of confusion.
I spoke with a few attorneys and they are confident that we have a good case because my company does not compete in the same market, or compete for the same customers of the opposing company. Additionally, the opposing company's trademark name is generic. A couple of attorneys mentioned that I should consider selling my business to the opposing company in order to settle the litigation.
Are there cases where the opposing company buys out the applicant company?I would greatly appreciate if only experienced trademark or business attorneys with actual information reply to my question about buying/selling a company. Replying that I need to speak with an attorney is not helpful to me or the other visitors of this website.