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Golden Knights settle trademark issue with Army over use of name

The Vegas Golden Knights have settled their trademark battle with the U.S. Army, clearing the way for the team to be able to have a legal right to the name.

The team announced Thursday that the two have entered into a co-existence agreement that allows the hockey team to file for trademark rights, while still allowing Army, whose teams are called the Black Knights, but whose parachute team is called the Golden Knights, to use the name.

"We are appreciative of their efforts and commitment to reaching an amicable resolution," Vegas Golden Knights chairman and CEO Bill Foley said in a statement.