26th Feb 2013
Posted By: ESQwire.com
ICANN has announced their plans to unveil a global repository of trademark information, the Trademark Clearinghouse, in preparation for the introduction of new gTLDs.
ICANN announced on February 25, 2013 that they will be unveiling a new “global repository for trademark data, the first of its kind in the domain name space” – aptly named the Trademark Clearinghouse.
ICANN’s press release states that the goal of the repository is to increase trademark protection for individuals and companies, which will [hopefully] come in handy when the new gTLDs are introduced.
The structure of the Trademark Clearninghouse will be as follows:
(1) Trademark Validation – on March 26, 2013, trademark holders will be able to submit trademark data to be verified;
(2) Database Administration – ICANN has joined with IBM to manage the database of trademark information.
ICANN reports that the benefits of inclusion into the trademark repository include access to sunrise registration, as well as notification when the trademark holder’s mark is registered by someone else.