Verna Law Blog - Patent, Trademark, and Copyright Law

Would you be concerned about having products manufactured in other countries (China, S Korea) and then having the IP ripped off?

Here’s a question that a business owner recently asked of me: Would you be concerned about having products manufactured in other countries (China, S Korea) and then having the IP ripped off? If you are concerned, you should listen to this discussion with John Eastwood...

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How to value Trademarks?

How to value Trademarks? One stumbling block for many businesses is in valuing intellectual property. The stumbling block is important to consider because intellectual property takes time and money to register and enforce. Valuation is important to show on a company’s...

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Episode 15 – Games for Promotions and Daily Fantasy Sports

Episode 15 – Games for Promotions and Daily Fantasy Sports

The newest trend is daily fantasy sports.

Taking a step back, what makes a game used in promotion not gambling?  And what, then, makes a daily fantasy sports business model not gambling?

In order to use a game for promotion, the sponsor of the game must remove one of three key elements of the game:

  • Chance
  • Prize
  • Consideration

So, daily fantasy sports like Draft Kings and Fan Duel must be able to do that in order to run a non-gambling game.

But those games also must have a set of rules and must also be run fairly, with a level playing field.

Would you like to run a game in order to promote your business?  Call or send an e-mail.  914-358-6401 or anthony@vernalaw.com

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Law & Business Podcast Episode 51: A Nessa Group Case Study with Improving a Plush Company’s Business

In Episode 51 of the "Law & Business" Podcast, we take a look at a company that makes a plush product that is also a curtain tie-back. It is a very useful product, but one that also features the ability to be very fanciful. So the group takes a look at how the...

Law & Business Podcast Episode 50: Big Business Changes with Amy Birks

In our big 50th episode of the "Law & Business" podcast, Anthony sits down with Amy Birks, a strategic growth advisor for businesses. Amy has over a decade of experience in corporate finance, developing strategies and managing projects, and six years creating...

Law & Business Podcast Episode 49: Local Journalism with John Knebels

In Episode 49 of the "Law & Business" podcast, we have a chat with John Knebels. Knebs - as he is affectionately known - is a long-time local sports journalist in the Philadelphia metropolitan area. Anthony and Knebs sat down in the public view in a local Panera...

Public Performance of a Copyrighted Work

There seems to be a dichotomy when it comes to different media and how they are publicly performed in the Copyright Act in the United States. Why? In any medium, the public performance of a copyrighted work without permission or a license is copyright infringement as...