Expertly crafted agreements that meet your unique needs and protect your intellectual property. With our service, businesses can establish a secure and cooperative partnership, minimizing the risk of conflict and maximizing collaboration.
When a business faces the possibility of conflict and confusion due to similar names, logos or trademarks, it has a few options. One option is to do nothing and hope for the best. While this may not cause problems for some businesses, it's not recommended for growing businesses or those that want to avoid commercial risks. Another option is to take legal action, where the owner of an earlier mark can oppose a later mark's registration or seek legal relief if the later mark is used. Even if the earlier mark owner chooses not to take legal action, the later business may still seek a declaration from a court that its name or logo does not infringe on earlier rights. The third option is for the businesses to discuss the potential problems and see if they can come to an agreement on how to prevent them from happening. This approach is known as coexistence.
A coexistence agreement can iron out a lot of uncertainties and difficulties before they occur. This may arise:
A coexistence agreement can iron out a lot of uncertainties and difficulties before they occur. This may arise:
Name
Trademark
Goodwill
Business get-up
Or whenever you think that they might want to sue you for the same reason, a coexistence agreement may be a good idea.
If you have not yet sorted out your own business plan (since you may find that you have unduly limited the natural scope for expanding your business).
If you cannot understand its terms and they have not been clearly explained to you.
If you do not own, or have no absolute right to control, the rights that you are agreeing not to enforce.
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