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As franchisors begin to rely more heavily on the Internet for conducting business, whether for advertising purposes, for providing online services to customers and franchisees, or for engaging in e-commerce, more franchisors will inevitably become victims of the modern-day type of piracy known as cyberpiracy or cybersquatting – the act of registering a domain name that is identical or confusingly similar to the trademark of another for commercial gain.
Cybersquatting can take on a number of different forms, all of which have dire consequences for franchisors and franchisees. For example, a cybersquatter may monitor a franchisor's domain name for the purpose of snatching it up the very moment the franchisor mistakenly allows the domain name to expire, with the intent to blackmail the franchisor into paying the cybersquatter several thousand dollars in order to transfer the domain name back into the franchisor's name. Alternatively, a cybersquatter may register a domain name that is a common misspelling of, or is otherwise confusingly similar to, a franchisor's trademark or trade name with the intent of attracting and misdirecting unsuspecting Internet users to the cybersquatter's competing Web site.
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.