Many people in Colorado use online payment systems like PayPal and Venmo to transfer money or make purchases. Now PayPal is accusing a loan company of infringing its trademarks with its brand, Lenmo. Lenmo, described as a peer-to-peer lending startup, is far less well-known than PayPal or its Venmo brand. PayPal says that Lenmo obviously intended to benefit from the popularity and fame of Venmo without any connection to the company. In addition, it argues that consumers may even believe that Lenmo is a part of Venmo or PayPal due to the similarities in their names.
Amazon Prime trucks deliver products throughout Colorado and the rest of the country. The service may be so popular that it's having a negative impact on the similarly named trucking company Prime Inc. On July 2, Prime Inc. filed a lawsuit against Amazon in a Missouri federal court for trademark infringement.
Colorado fans of Yosemite National Park may be pleased to know that historic sites at the national park are reclaiming their names after a lawsuit was settled. A former concession operator at the park sued the National Park Service in September 2015. The operator claimed that the park service was infringing its trade names and trademarks. As a result, the Ahwahnee Hotel was renamed the Majestic Yosemite Hotel. Other sites also received new names: Curry Village was called Half Dome Village, and the Wawona Hotel was rechristened Big Trees Lodge. Even some of the park's ski areas took on new names during the pending litigation.
Intellectual property can be particularly important for Colorado companies in the tech field. Unique developments in software and other technology can be patented or copyrighted in order to prevent them from being freely exploited by competitors in the market. If these protections are not obtained, companies may find themselves quickly eclipsed by larger firms, even if their technology is new and innovative. Lawsuits can be an important way of protecting these rights if a company discovers that another developer is misusing their work in a way contrary to law.
The Supreme Court has handed down a decision that could affect business owners and individuals in Colorado when it comes to copyright protection. Specifically, the Court ruled that claims of copyright infringement can be brought only after the work in question is registered with the U.S. Copyright Office. These claims can only be filed in U.S. federal trial courts. Prior to the ruling by the Supreme Court, litigants, courts and legal scholars differed over when a copyright claim has been registered.
Businesses in Colorado and throughout the country spend an average of $2.8 million on patent infringement lawsuits. Therefore, it is important to have IP insurance or some other way to resolve such suits in a timely and affordable way. To defend against a patent lawsuit, it is important to identify and protect an asset as quickly as possible. In the cannabis industry, this may mean that a company identifies and protects a plant it has created.
When companies in Colorado and around the country decide to launch new media campaigns to promote their brands, they often ask several advertising agencies to submit their ideas during what are known as pitch sessions. This can lead to thorny legal problems as the winning campaign often contains marketing strategies and ideas that are similar to strategies and ideas submitted by agencies that failed to win the contract. Matters can also become complex when the winning agency includes some of its ideas in pitches it later makes to other clients.
In a decision that could have wide-ranging importance for trademark owners and licensees in Colorado, the Supreme Court has ruled that licensees retain their rights even after the licensor rejects the agreement in a bankruptcy proceeding. Bankruptcy courts have differed on the matter and how trademark licenses can be rejected under section 365 of the U.S. Bankruptcy Code. When a trademark owner files for bankruptcy, it may seek to repudiate its license agreements in order to restructure their rights process or escape obligations under their contracts.
Zillow, a Seattle-based real estate company with listings in Colorado and throughout the country, filed two lawsuits against its rival Compass on April 19. The suits allege that Compass violated the intellectual property of Zillow in addition to poaching employees who violated their non-compete agreements. The lawsuits were filed in both state and federal court, and ex-employees named were accused of stealing things like customer lists, sales data, and highly technical information.
When a person in Colorado creates a new product or improves upon an existing one, he or she may be given a patent. The purpose of the patent is to provide the creator the exclusive right to sell or license the product for a certain period of time. While patents are supposed to reward innovation, some have chosen to acquire patents for the sole reason of engaging in infringement litigation.