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ARTICLE · 26 MARCH 2018

Trademark Assignments: "Inexcusable Activity" Will Cost You

"A lie is like a [red] cat: You need to stop it before it gets out the door or it's really hard to catch." - per Charles M. Blow

CanadaIntellectual Property

"A lie is like a [red] cat: You need to stop it before it gets out the door or it's really hard to catch." - per Charles M. Blow

In a recent Federal Court decision, Justice Barnes issued a harsh rebuke to parties who had deliberately misled the Registrar of Trademarks into recording a trademark assignment, by omitting relevant parts of the underlying agreement and the dispute between the parties about the agreement.

In 2012, Red Cat and Dayton Enterprises entered into a poorly drafted asset acquisition agreement filled with prospective language, such as "will acquire", "will provide", and "will be granted". As part of the agreement, the parties were also to keep its terms and conditions confidential.

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