Trademark Law Treaty Implementing Legislation Signed into Law
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The TLT's objective is to reduce the unnecessary and time-consuming paperwork often found in international trademark application and maintenance programs, thereby allowing trademark owners to concentrate attention on protecting and defending their marks — often made necessary due to the increasing number of trademark counterfeiters. Another goal of the TLT in streamlining procedures is to reduce costs, which is of great concern to all trademark owners, but, in particular, to individuals and small and medium-size businesses operating with limited budgets.
Passage of the TLT and the implementing legislation comes almost four years after the Treaty was concluded in Geneva under the sponsorship of the World Intellectual Property Organization. The implementing legislation is scheduled to take effect one year after it is signed into law.
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