Protecting Stolen Trademarks: Ban on Recognizing Rights to Confiscated Assets.
This Act aims to prevent U.S. courts and executive branch entities from recognizing rights to trademarks, trade names, or commercial names that were stolen or used in connection with confiscated assets. This modification protects original owners from losing rights to their intellectual property unless they have explicitly consented. For citizens, this means stronger protection of property rights in the context of international asset confiscations.
Key points
Extends the prohibition on recognizing rights to stolen trademarks to U.S. executive branch entities, not just U.S. courts.
Protection applies to marks used in connection with a business or assets that were confiscated, unless the original owner has expressly consented.
The prohibition applies only if the person asserting the rights knew or had reason to know that the mark was associated with confiscated assets at the time of acquisition.
Expired
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