Intellectual property is important for many businesses. When there are suspected trademark infringements, it can hurt a company's brand. New York City is home to many creative people who generate new ideas, products and services. It is important that a company's trademarks are protected.
What started as a business-to-business contract in 2013, ended as an intellectual property infringement case filed in 2015 and settled finally in 2018. The owner of Grumpy Cat brand joined forces with a coffee maker called Grenade Beverage for a limited product offering based on the internet star who first appeared online in 2012 known as Grumpy Cat and owned by Tabatha Bundesen. However, Grenade launched other products beyond the scope of the original agreement, including a line of ground coffee, resulting in Grumpy Cat Limited's brand owner, Bundesen, filing a lawsuit for copyright and trademark infringement.
When someone creates an original work, they more than likely do not wish to see another party profit from it. While this expectation alone is a logical reason to register a copyright, protecting one's work can come with additional legal benefits.
When it comes to intellectual property in the public eye, brands - and rightfully so - can be very protective. Some brands, such as one represented by a certain round-eared rodent mascot, are infamous for how aggressively they police and protect their images, trademarks and copyrights. It appears that LeBron James' multimedia platform "Uninterrupted" looks to be a brand that wants to be known for its fierce approach to apparent infringement.
A trade secret is a type of intellectual property that can be protected by law. In New York, a trade secret is a formula, device, pattern or other information that is compiled to use in a business that gives the business a competitive advantage over others who don't have or don't know how to use the same information. If someone attempts to appropriate a trade secret, New York intellectual property law can protect its legitimate owner.
Copyright infringement can be costly, particularly when the work of one artist is used without permission in the successful work of another. A lot of ink has been spilled on famous - and infamous - cases of infringement that have resulted in the repayment of royalties, injunctions and shared copyrights. Sometimes infringement is avoidable (Google is widely available), and often it has been found to be unintentional. Even so, under most circumstances, an unintentional infringer may not continue to profit from the work of another.
Manhattan is a hotbed for ideas. Major corporations have trade secrets they want to keep close, tech startups need to trademark their names and logos and all manner of creatives, from playwrights to authors, have original works for which they'd like to retain the rights. Broadly speaking, all these concepts are known collectively as intellectual property. And fortunately, you can protect it.
Copyright law affords the creators of original forms of material expression - such as written works, films, and recorded performance - exclusive use and ownership in their own works. It also provides penalties for those who attempt to profit from another's original material without the permission of the copyright holder. This particular form of intellectual property protection is key to ensuring that those engaged in creative works are rewarded for their originality.
A brand's intellectual property - including the brand's name, itself - can be be extremely valuable. In cases where the look and feel of a logo or even the words used in the name of one brand are too similar to those used by another, a dispute can arise. Disputes can be expensive, wasting a lot of a brand's time and resources. This is why it is important to protect a brand's intellectual property through all available legal devices, such as trademark protection.
You may be familiar with Bitcoin and other "cryptocurrencies." These are new ways of storing and transferring value which do not rely on a centralized bank account, but rather on a new technology which verifies the value without a bank account to verify the money.