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ICANN's Trademark Clearinghouse Sees Slow Initial Take-up
Later this year, the Internet is set to undergo a series of new and drastic changes with the first rollout of hundreds of new generic Top Level Domains (gTLDs), otherwise known as the right-most label in a domain name (e.g., .org, .info and .edu). (ICANN has yet to confirm when new TLDs will go live, although the final “pre-designation” testing is underway (see, ICANN “New gTLD Programme Update,” Sept. 19, 2013), and the industry believes it will be in the next couple months.) Examples of potential new gTLDs include brand-specific, geographic and even foreign script domains such as .google, .washington and even .music. Ahead of these official updates to the Internet, new data reveals that the Internet Corporation for Assigned Names and Numbers' (ICANN) Trademark Clearinghouse (TMCH), the central database of validated trademarks that helps defend brand owners against cyber-squatting or other types of trademark infringement, has received more than 10,000 applications from mark owners wishing to protect themselves ahead of the domain name expansion. Despite this number, there is still a significant lack of participation from many top businesses that have yet to register and, as a result, are at greater risk of intellectual property infringement and potentially putting consumers at risk as well.
The TMCH offers two unique and distinct protective services for those who record their trademarks:
- The Sunrise Period. Before the open launch of any new gTLD to the general public, a Sunrise Period will take place that enables trademark holders to secure domain names identical to their marks ahead of wider availability. Any business wishing to secure a domain name associated with their trademarks during this period must have submitted the relevant marks into the TMCH. Additionally, since the TMCH reviews marks from all jurisdictions according to the same requirements, use of the TMCH provides a consistent basis for accepting Sunrise registrations. It is important to note that new gTLD registries also have the ability to establish additional registration criteria, and may offer additional limited registration periods after the Sunrise Period to establish additional opportunities or protections.
- The Trademark Claims System. The second key benefit of a record in the TMCH is notification alerts via the Trademark Claims System. For a period of at least 90 days after each new Web extension launches, trademark holders will receive a warning if someone else registers a domain name that matches their mark or marks. This warning allows trademark holders the chance to promptly deal with any trademark infringement.
Brand owners that are particularly interested in taking advantage of registrations during Sunrise Periods are strongly encouraged to partake in early submissions, as delays could lead to the inability to register a domain name. Additionally, opting to wait may leave trademarks open to a window of vulnerability as it can take up to 30 days for submissions to be processed. The Early Bird system operated by the TMCH allows trademark owners or their agents to register ahead of time while their subscription fee only starts when the first domain is launched.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.