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Commercial and Taxation Laws
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Facts: A foreign prestige cosmetics brand, CERULEA, has marketed its skincare line in the Philippines for two years but has no local trademark registration. A Philippine retailer, CERULEA BEAUTY, uses signage and packaging bearing the word CERULEA and a distinctive wave emblem on its cosmetics sold nationwide. The owner of CERULEA files a complaint seeking protection under the well-known marks doctrine. Which of the following statements best describes the controlling doctrine, its essential elements, and the likely outcome on these facts?