College trademark dispute ends peacefully

Both Oklahoma State University and New Mexico State University use a version of “Pistol Pete” as a mascot. OSU found that although NMSU had agreed to use a variant, some items sold in connection with its school continued to use the version infringing on OSU’s. Suit was filed, but rather than expensively shooting it out in court, the two have now agreed to let a token fee cover a small leeway for infringement, and leave it at that. [Trademarkologist]

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