On 2024-09-18 10:29 AM, Ivan Panchenko via Unicode wrote:
A court would certainly accept “Unicode®” with the circle on the
baseline, just like it could accept a contract with a minor
misspelling as valid. This does not change the fact that the
superscripting has a semantic content.
This page:
https://www.45cat.com/record/479140
...has a scan of the record label for the song "Somebody to Love" by Jefferson Airplane (not the one by Queen).  The RCA Victor label has a line of text running around the bottom.  In that line of text, the symbol "®" is on the baseline.  Had it been superscripted, it would look funny.  But it would not change the semantic.  Clicking on the scan on that page will enlarge it.

(Record labels frequently use the symbol ℗ and sometimes use the symbols © and ®.  Generally these symbols are similarly sized and on the baseline.)

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