1) A trademark is now defined as any type of symbol which can be printed and is intended to distinguish the goods or services of one party from those of other parties, specifically including, inter alia:

2) A danger of confusion now exists if the use of a mark, which is similar to a mark established in Iceland, "involves the abuse of, or reduces the distinctiveness or reputation of, the established trademark," thereby apparently expanding the rights of trademark owners to take action in the case of trademark dilution.

3) If the owner of an earlier trademark knowingly acquiesces in the use of a later trademark for 5 years, the owner may not object to the use of the later mark unless the later mark was obtained in bad faith.

4) A user requirement has been introduced whereby a registered trademark which has not been used for a period of 5 years, without justification, will be vulnerable to cancellation or partial cancellation. However, use of an insignificant variation of the mark may qualify as use, as does both use on goods, or their packaging, intended solely for export and use by an authorized party. In addition, upon being notified that a third party intends to bring a non-use cancellation action against its registration, a trademark registrant may not resume and rely upon use of its mark to defend the action for a period of 3 months following such notification.

5) Trademark license agreements may cover some or all of the registered goods and/or services, and have effect with respect to either the entire territory of, or selected areas within, Iceland.