Contract Consideration – FAQ

What does it mean for a contract to be not enforceable because of a lack of consideration? Answer: In order for a contract to be enforceable, the mutual promises of the parties must be supported by "consideration." Considerations means each party gives something of value to the other.  The reason that the courts and legislatures generally require some form of consideration is to insure that the promises being made are not merely a casual statement, and accident, or gratuitous – in short – to make sure the people making the agreement really mean it. Consideration looks at whether the parties have assumed an obligation on the condition of an act or forbearance of another. Except in cases of employment matters, Minnesota courts generally do not look at the adequacy of the consideration being offered – only whether some consideration has been exchanged. For written agreements, the court presumes valid consideration. While adequacy of consideration is not usually analyzed, vague or indefinite terms...
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Benefits of a Federal Trademark Registration – FAQ

What are the benefits of a federal trademark registration? Answer: There are many benefits of a federal trademark registration, both direct and indirect.  Direct benefits are numerous and include: National protection of the mark; Ability to obtain injunctions stopping infringers; Ability to use the registration to apply for foreign trademark registrations; Greater access to the  federal court system; Assistance from the United States Custom in stopping counterfeit and infringing goods from importation; and Attorneys fees when proper notice has been attached to the goods or services. I In addition to these considerations, trademark registration provides indirect benefits in the form of being able to point to it when protecting marks used for social media accounts, protect against improper use in search engines, ability to obtain new domains in sunrise periods, and providing great leverage in UDRP and URS disputes against cyber-squatters. Why Provide these Benefits Providing these benefits serve two primary functions.  By granting these rights to trademark owners the government helps to incentivise business owners by...
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Common Law Trademarks – FAQ

Am I protected with a common law trademark - without federal registration? Q: I recently started professionally my photographs in the US.  I registered the copyright for photos and have decided on new name for my company.   I think the name is pretty distinctive and I am not aware of anyone else selling a similar product by the same name.   Do I have to register my company name as a trademark to prevent others from using it or can I rely on the laws concerning common law trademarks? A: Kenneth’s answer:  Since your mark is not registered you are limited to the common law trademark rights. Common Law Trademarks are generally limited in scope to the geographic area where the mark is known (think of a restaurant where everyone has heard of it in one town, but is unknown in another). Common law trademarks can be enforced (but not as well and as easily as registered marks) in both state and federal courts. In...
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