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Businesses looking to get into the non-fungible token (NFT) space have a chance to reap some serious profit if they do it right. Rare NFTs can sell for tens of millions of dollars. In 2021, The Merge sold for $91.8 million on Nifty Gateway, making it the most expensive NFT to date. However, due to
For some brands, trademarking foreign words or phrases might hit just the right note in terms of image. The word “bakery” might make consumers in Seattle think of their local Safeway, while boulangerie evokes flaky, buttery croissants in Paris. Yet the use of foreign words raises certain issues when it comes to registering trademarks in
Trademarks are among the most important assets of any company. Indeed, if it weren’t for trademarks, customers would be unlikely to even find a company’s products. Naturally, then, most U.S. companies want to protect these essential and valuable assets to the greatest extent possible and therefore make sure that they are registered with the United
Pursuant to the Trademark Modernization Act (TMA), the United States Patent and Trademark Office (USPTO) has established expungement and reexamination proceedings for cancellation of a registration. These proceedings allow a third party to request the cancellation of a trademark registration, if the mark was never used in commerce, or if it was not used prior
As more U.S. companies and individuals seek to sell their goods and services in foreign markets, it is important they obtain trademark protection in these markets. One way to minimize the cost of obtaining trademark protection abroad is to make use of the Madrid System. With the UAE‘s accession to the Madrid Protocol (which together
Trade secrets became explicitly protected under Spanish national law when EU Directive (2016/943/EU) became part of Spain law in 2019. A trade secret in Spain is now defined as secret information, unknown to those who usually handle such kinds of information and not readily accessible. This information also must have commercial value precisely because it
Our team handles trademark work around the world for our clients, but the jurisdictions with which we work the most are the United States, European Union, and China. While there are considerable similarities among these three jurisdictions when it comes to trademark law, in this post we look at how the U.S., E.U., and China
As the country with the world’s largest economy, the United States offers some of the best business opportunities in the world. However, the US legal system can also pose complex regulatory hurdles for foreign enterprises. Navigating these legal intricacies is crucial for foreign companies seeking to minimize risk and operate successfully in the expansive US commercial
A conversation with a client this week reminded me that there many different flavors of intellectual property (IP), and that many companies should look carefully at integrating intellectual property rights (IPR) protection processes into all of their interactions with clients and especially prospective clients. Imagine a company that is well-regarded in its field, contacted by
