If Nike had signed a release not to sue Already for past violations of trademarks, in exchange for some money, would this case likely have been decided the same way?

No, Because the signed agreement was for previous violations, it does not cover future violations.

Explanation: Trademarks are intellectual property rights that is represented by appropriate signs, pictures etc signifying that the owner of the product has the right to the trade if certain types of product or products.

Trademark are legally approved rights that any violations can lead to severe consequences based on the enabling laws as enshrined in the constitution of a country.

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