Trademark licensees in New Jersey often depend on an agreement with the trademark holder that allows the licensee to operate significant amounts of a business. The sale and marketing of licensed products can be a major income stream for trademark holders as well as for the licensees who purchased the right to sell those items. However, when a trademark owner files for bankruptcy, it may attempt to reject the trademark license in order to obtain additional funds as part of its bankruptcy reorganization.
A complicated aspect of business innovation in New Jersey and throughout the world is how to protect a product and prevent infringement on intellectual property. This is a prominent issue with drug makers. In May, a drug maker embroiled in a patent dispute over Humira reached a settlement over the issue.
The former lead singer of an R&B group that has some New Jersey fans is suing two other band members for trademark infringement over use of the band name. The defendants have used the band name in promotions for their recent tour.
A growing number of people in New Jersey and across the country rely on online streaming sites like Spotify or Netflix for their favorite movies, TV shows, music and other content. The industry is bringing in a significant amount of money and has, over the years, been the subject of a number of copyright disputes. While the passage of laws like the Music Modernization Act has helped to set a standard moving forward for streaming firms to follow, there are still active legal cases pending that address the issue of streaming providers' responsibility for mechanical licensing.
Individuals and companies in New Jersey are entitled to trademark their intellectual property. This gives them the exclusive right to use a logo, slogan or other mark. If other parties want to use something that has already been trademarked, they must get a license from the owner of that trademark. Those who believe that another party has engaged in trademark infringement may take legal action to put a halt to such activity.