Proposed Lower Fees for Trademark Registrations May Save You Money

 

trademark lawFind Out How Potential Changes to Trademark Registrations    May Affect Your Business

The US Patent and Trademark Office (USPTO) is proposing a reduction of certain trademark fees.

The proposal includes a $50.00 reduction in filing fees for trademark, certification mark, collective membership mark, and collective trademark applications filed using the Trademark Electronic Application System (TEAS) if applicants authorize email communication and file electronically throughout the process. This will be known as a TEAS Reduced Fee (RF) application.

Currently the per-class filing fees for the registration of a trademark is $375 for a paper application, $325 for electronic filing using TEAS, $275 for using TEAS Plus, and $400 per-class for renewals.

The proposal includes reducing fees for filing TEAS Plus registration applications and TEAS renewal applications of trademark registrations.  The reduction in fees for a TEAS Plus application would be $50 and a TEAS renewal by $100 and the filing fees for paper filings would not be changed.

According to the USPTO, filing through TEAS and communicating via email expedite processing of trademark applications, shorten the pendency of applications, minimize manual processing and the potential for data entry errors, and increases efficiency for both applicants and the USPTO resulting in an operating reserve.

Trademark Attorney, Laura Lloyd advises

While the proposal to reduce fees will be a benefit, I would advise clients not to wait to file a trademark in the hopes of getting a reduced filing rate because the date of filing can be crucial in future disputes.”

If approved, the new rates would take effect in 2015.

Please contact us today for a free consultation at (855) UR- IDEAS or (626) 796-4000.


 

Leech Tishman’s Intellectual Property attorneys are dedicated to the protection and monetization of your ideas and innovations. Many of our registered patent attorneys have advanced degrees enabling them to truly understand the complex technical details of your idea. Several bring engineering expertise, others molecular biology, manufacturing and business acumen to your trademark, copyright, patent prosecution and litigation and trade secret issues, both domestic and international.
Our clients range from individual inventors, authors and owners of creative works to entrepreneurial enterprises, government entities, mid-sized corporations and Global 500 companies with operations throughout North and Central America, Europe, South Asia, the Far East and Australia.
We have serviced a vast array of industries including automotive, cosmetics, e-commerce, electronics, entertainment, fashion, food and beverage, furniture, internet, manufacturing, networks, optics, publishing, software, technology, toys, and wireless.
We are committed to providing you with strategic counseling and personal attention throughout the entire life cycle of your project.
We are proud of our longstanding relationships with local innovation communities and enjoy working with entrepreneurs and businesses who wish to protect their ideas and good names.
Disclaimer: We fully comply with all laws related to attorney marketing and this posting is considered an advertisement.

Photo Attribution: “The south side of the James Madison Building in Alexandria, Virginia” by Coolcaesar under CC-SA by 3.0.

 

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Risk Management Assessment & Your IP

IP Risk Management

Risk Management Assessment for Your Business

America is a litigious society. Businesses limit their business-related risks through insurance. However, for most business professionals, dealing with risk management still remains fraught with uncertainties.

Insurance Policies and Contract Language

In this environment, it is imperative that business executives develop a working knowledge of the various insurance policies on-hand, and find out whether there are gaps in coverage that have to be closed.

Furthermore, contracts with clients and vendors contain clauses that can shift major risks to or from your company and interplay with your policies.  Both your insurance policies and contracts need to be thoroughly reviewed to ensure that you close any gaps in coverage.

This is especially true in the intellectual property arena.

Risk Management Assessment

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Leech Tishman offers a variety of insurance-related legal services to fit your needs. We recommend that each company undergo a periodic Risk Management Assessment by our insurance coverage attorney, Ray Hughes.

 

As part of the Assessment, we will perform the following tasks:

Speak to management about the industry it serves to gain an understanding of its risks.
Review loss runs from prior years to understand the scope of the risks faced by the company.
Review the company’s current insurance policies, declarations, limits, and endorsements and compare the coverage provided to the company’s risk exposure.
Review the company’s contracts with major clients and repeat vendors to ensure that those contracts contain the appropriate risk management language such as indemnification and insurance coverage provisions.
Review the overall costs of the company’s risk management program, including insurance premiums, deductible and SIR structures, and other factors to help manage its budget.
Review suitability of possible self-insurance, e.g., through captive insurance programs for tax benefits, risk management, and other benefits.
Answer specific questions and concerns from the company regarding its coverage and exposures.

 

Crisis Management

Another advantage of this service is that, by the end of the exercise,  you would have claims counsel that is already familiar with your business. You will be able to call upon us for initial advice in the event of a large loss during the policy period.

For large losses, it is important to understand the factors that need to be prioritized immediately, such as responding to media requests for information, preserving evidence, reviewing relevant contracts, notifying certain insurance carriers, and responding to investigations by regulatory entities.

Leech Tishman can also help with analysis of the claim itself, including any proposed settlements by performing a review of the purported liability and damages and seeing what coverage is out there for your loss.

Act Now

Our Risk Management Assessment can effectively be performed at any point during your policy period, but changes take time to plan and implement.  Therefore, it behooves you to act early.

Contact your Leech Tishman attorney today.


Leech Tishman’s Intellectual Property attorneys are dedicated to the protection and monetization of your ideas and innovations. Many of our registered patent attorneys have advanced degrees enabling them to truly understand the complex technical details of your idea. Several bring engineering expertise, others molecular biology, manufacturing and business acumen to your trademark, copyright, patent prosecution and litigation and trade secret issues, both domestic and international.
Our clients range from individual inventors, authors and owners of creative works to entrepreneurial enterprises, government entities, mid-sized corporations and Global 500 companies with operations throughout North and Central America, Europe, South Asia, the Far East and Australia.
We have serviced a vast array of industries including automotive, cosmetics, e-commerce, electronics, entertainment, fashion, food and beverage, furniture, internet, manufacturing, networks, optics, publishing, software, technology, toys, and wireless.
We are committed to providing you with strategic counseling and personal attention throughout the entire life cycle of your project.
We are proud of our longstanding relationships with local innovation communities and enjoy working with entrepreneurs and businesses who wish to protect their ideas and good names.
Please contact us today for a free consultation at (855) UR- IDEAS or (626) 796-4000.

Disclaimer: We fully comply with all laws related to attorney marketing and this posting is considered an advertisement.

 

 

When Does Trade Secret Theft Become a Federal Crime?

handcuffsTrade secret theft is generally addressed through civil lawsuits. However, in some cases, the misappropriation of trade secrets can rise to the level of a federal crime.

The Economic Espionage Act of 1996 criminalizes trade secret theft committed for personal benefit within the country or for the benefit of a foreign government.

Section 1831 addresses foreign economic espionage and requires that the theft of a trade secret be done to benefit a foreign government, instrumentality, or agent.

The elements of the crime include:

  • The defendant intended or knew his actions would benefit a foreign government, foreign instrumentality, or foreign agent;
  • The defendant knowingly received, bought, or possessed a trade secret, knowing the same to have been stolen or appropriated, obtained, or converted without authorization; and
  • The item/information was, in fact, a trade secret.

Meanwhile, Section 1832 involves the misappropriation of a trade secret with the intent to convert the trade secret to the economic benefit of anyone other than the owner and to injure the owner of the trade secret. The elements of the crime include:

  • The defendant intended to convert a trade secret to the economic benefit of anyone other than the owner;
  • The defendant knowingly received, bought, or possessed a trade secret, knowing the same to have been stolen or appropriated, obtained, or converted without authorization;
  • The item/information was, in fact, a trade secret;
  • The defendant intended, or knew, the offense would injure the owner of the trade secret; and
  • The trade secret was related to or included in a product that is produced for or placed in interstate or foreign commerce.

Of course, prosecutors will not pursue every case that meets the above criteria. As detailed by the Department of Justice, U.S. Attorneys will evaluate evidence of involvement by foreign agents, the type of trade secret involved, the degree of economic injury, the effectiveness of civil remedies, and the potential deterrent value before deciding whether to bring a criminal action.

Protecting against trade secret misappropriation should not just be an important priority for the federal government, but for all businesses. To make sure you are protected, contact us today by phone or email to schedule your free 30-minute consultation.

Leech Tishman’s Intellectual Property attorneys are dedicated to the protection and monetization of your ideas and innovations. Many of our registered patent attorneys have advanced degrees enabling him or her to truly understand the complex technical details of your idea.  Several bring engineering expertise, others molecular biology, manufacturing and business to your trademark, copyright, patent prosecution and litigation and trade secret issues, both domestic and international.
Our clients range from individual inventors, authors and owners of creative works to entrepreneurial enterprises, government entities, mid-sized corporations and Global 500 companies with operations throughout North and Central America, Europe, South Asia, the Far East and Australia.
We have serviced a vast array of industries including automotive, cosmetics, e-commerce, electronics, entertainment, fashion, food and beverage, furniture, internet, manufacturing, networks, optics, publishing, software, technology, toys, and wireless.
We are committed to providing you with strategic counseling and personal attention throughout the entire life cycle of your project.
We are proud of our longstanding relationships with local innovation communities and enjoy working with entrepreneurs and businesses who wish to protect their ideas and good names.
Please contact us today for a free consultation at (855) UR- IDEAS or (855) 874-3327.

Disclaimer: We fully comply with all laws related to attorney marketing and this posting is considered an advertisement.