This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
My name is Enrico Schaefer, I am a technology attorney with traverse legal PLC, and today I want to talk about nonfungible tokens or NFTs. Blockchain and blockchain technology is in the spotlight right now. That Smart Contract, that token that can have unique data associated with it. “Who’s the owner?
The exchange works on the Unit License Right (ULR) contract. Such a contract is offered to the interested parties who want to purchase it which is open to all without discrimination. All information is available with the contract like the price set up and sold based on standardized technology unit.
But any company preparing to sell within the next five years should consider the more common IP issues that arise during the legal duediligence process. In most cases, this can be broken down between two central areas – technology and branding. Technology is often protected through patents or trade secrets.
I am an attorney specializing in blockchain technology. Your trademark identifies your company as the source of goods and services related to your NFTs and digital assets (the pictures linked to your NFT smart contracts). Duediligence is critical. My name is NFT lawyer Enrico Schaefer. NFTs are no different.
A non-fungible token allows you to put a smart contract onto the blockchain that is unique unto itself. Different types of information can be stored on a blockchain including ledger information and smart contracts. NFTs are being used to store smart contracts and authentication for digital artwork and other digital assets.
Although frequently misconstrued, this technology represents an exceptional advancement that can yield enormous revenue streams for both creators and consumers by altering the digital representation of real-world assets. Assignment The copyright owner may transfer the entirety of the copyright in the work to the purchaser by assignment.
In today’s era, where the whole world has turned to virtual means, blockchain as a technology is gathering everyone’s attention and showing accelerating growth in its market. In recent times, globally more and more patent applications are being filed for blockchain technology. However, are the blockchain technologies really patentable?
In today’s era, where the whole world has turned to virtual means, blockchain as a technology is gathering everyone’s attention and showing accelerating growth in its market. In recent times, globally more and more patent applications are being filed for blockchain technology. However, are the blockchain technologies really patentable?
In today’s era, where the whole world has turned to virtual means, blockchain as a technology is gathering everyone’s attention and showing accelerating growth in its market. In recent times, globally more and more patent applications are being filed for blockchain technology. However, are the blockchain technologies really patentable?
Introduction Digital technologies such as the metaverse, non-fungible tokens ( NFTs ), blockchain and augmented realities are directly influencing how we cultivate and protect various forms of intellectual property, including trade marks. The more specificity, the better. What does trade marking in the virtual world look like in practice?
Unlike previous technologies, which simply sped up manual tasks, generative AI enables firms to distil insights from enormous volumes of legal data and streamline highly specific processes like contract drafting or duediligence reviews.
NFTs were minted Money was advanced The underlying contracts Never got a glance Dreams of exploitation From Florida to France But no rights were acquired The kids don’t stand a chance. — “The Kids Don’t Stand a Chance, Aaron’s Version” ( with apologies to Vampire Weekend ). .” Definitely.
NFTs are unique tokens based on blockchain technology and used as digital assets. Once again, technology has outstripped normal legal strictures, and the lawyers need to catch up. The post NFTs: New Frontiers for Trademarks appeared first on Global IP & Technology Law Blog. Brand owners have already begun to catch up.
Conducting DueDiligence – Conducting duediligence with regard to the intellectual property to be assigned reveals assets and liabilities attached to it and aids in crystallizing its value. However, it is a double-edged sword because the licensee may become a competitor of or technologically dependent on the licensor.
NFTs are unique tokens based on blockchain technology and used as digital assets. Once again, technology has outstripped normal legal strictures, and the lawyers need to catch up. Unlike cryptocurrency tokens such as Bitcoin, which are fungible, NFTs are digitally unique—no two NFTs are alike.
Under the “discovery rule,” the limitations period begins to run when “the plaintiff discovers, or with duediligence should have discovered, the injury that forms the basis for the claim.” OK, that’s a clear breach of contract, but how is it copyright infringement? Petrella , 572 U.S. 17 U.S.C. §
Ashley litigates disputes across a wide range of technologies, including consumer electronics, software applications, semiconductors, and medical devices. His experience encompasses a range of technologies, including mobile electronic devices, semiconductors, optical fibers and software, among others. District Court, before the U.S.
All third-party services we use are bound by a contract with us to never use the information of our users for their own purposes and not to disclose the information to any third parties unrelated to the service. Express Technologies Ltd is a British Virgin Islands (BVI) company. In summary, we do not log, period.
Whether you are developing AI or using AI within your organization, you must perform duediligence, provide guidance and meet your fiduciary duty to the company. Intellectual Property Disputes: Infringement of patents, copyrights, or trade secrets related to AI technology.
use of indigenous content, model contracts and/or national laws on limitations and exceptions). National policymakers should ensure that such L&Es are given a mandatory character, in the sense that technological protection measures (“TPMs”) or unilateral contractual clauses (e.g. version with further considerations (e.g.,
Whether you are developing AI or using AI within your organization, you must perform duediligence, provide guidance and meet your fiduciary duty to the company. Intellectual Property Disputes: Infringement of patents, copyrights, or trade secrets related to AI technology.
Prior to finalizing a merger, the duediligence process involves assessing the company’s assets, with intellectual property (IP) being a key component of this evaluation as IP is highly valuable. It is precisely for this reason that duediligence of IP assets is essential to the success of an M&A transaction.
The first copyright obligation in the AI Act is found in Article 53(1)(c), which states that GPAI model providers must put in place a policy to respect EU Union copyright law, in particular to identify and respect, including through state-of-the-art technologies, the reservations of rights (i.e. In that context, for example, sub-measure 3.2
INTRODUCTION With the onset of technological developments throughout the world, Gaming, especially, Online gaming has started getting more attention throughout the world. Other legislations include the Information Technology Act, 2000 and Prize Competition Act, 1955. Earlier, games only included sports or board games like Ludo.
Ensuring that the Code is future proof , in that it strikes appropriate balance between concrete requirements and flexibility to adapt the rules to technological development. Before contracting with third parties for the use of data sets for GPAI model development, the Providers must conduct reasonable copyright duediligence.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content