Trademarks lost in computer crash

Among members specifically associate to fields of e-business and intelligent prop that be in the Internet I found wizard which I cerebrate is very interesting and at the same fourth dimension very significative of possible efficacious issues that may arise in those fields.This is the oblige from The royal Gazette titled marks lost in calculator frighten off. This article describes an accident which make ited with the computerized Trademark Registry in Bermuda, which is an island Overseas Territory of the unify Kingdom situated in the Atlantic Ocean with internal self-governance. What makes Bermuda spare is that it is known as unity of the or so important offshore pecuniary centers of the world.More specifically, the article in The Royal Gazette reports about the computer database crash which caused the loss of records about approximately half of the 37000 trademarks registered in Bermuda, discusses ensuing consequences of this mishap, and mentions both(prenomin al) legal issues and troubles that arose from this apparently unexpected event.In general, one of the accents that the article makes is on the bay window that accompanied the problems with the computer hardware and the corresponding suspension of activities in the wide-ranging trademark sector of Bermuda.Interestingly, the author of the article pays attention also to the grow of the technical problem itself, and mentions facts which suggest an involvement of a human component part as one of the causes of the problem.Now, among legal business issues raised in the article we may identify the following ones. Firstly, since for a prolonged period of time registration of new trademarks was suspended and because the whole trademark sector on the whole relies upon the Trademark Registry, lawyers who represented companies with trademarks registered in the Trademark Registry in Bermuda could non be sure that their intellectual property had been protected or that no conflicting marks or infringements on property would emerge afterward the manual recovery of the database.At the same time, the article draws our attention to the fact that the computer crash, while being a gross embarrassment for Government which has been promoting Bermuda as a leading centre of e-business and intellectual property, also serves as an framework of what types of encumbrances e-business may encounter from time to time.Indeed, if such an accident has happened once, it may happen as well in other countries, and as the author of the article points out that trademark sectors of for instance the United States and Britain is much larger, it is easy to mean what mess could arise there in a similar situation.In this way, one of the main legal issues that e-business faces is the creation of additional legal mechanisms which, of course on with the increased protection of important and private data, would ensure protection of intellectual property even during such crisises as the one that happ ened in Bermuda, and, importantly, endue participants involved into e-business and therefore especially susceptible to negative consequences of problems akin to the one in Bermuda with a sense of security.On ground of this, we may conclude that legal issues affect business in direct and indirect ways. For example, the suspense of related business activities during the period of time needed for the manual restoration of the database had or so concrete economic costs.On the other hand, even though the problem with the computerized Trademark Registry in Bermuda was solved in a relatively devalued manner this accident surely had struck a blow to the token of Bermuda. Indeed, the problems could, and for that matter should, have been avoided in the first place by moreover paying more attention to the maintenance of the hard discs with the stored information, and by fashioning sure that back-up systems worked properly.And even though I think that it is unlikely that such a problem wi ll reoccur in the future in Bermuda, I believe that the realistic solution for the Trademark Registry to make most use of this trouble is not only to strengthen their computer system, that to compensate to companies, which have trademarks registered in Bermuda and which experienced inconveniences caused by the loss of data, in both a direct way, and in an indirect manner by assuring them in an increased protection of security of their intellectual property in the future.SourcesBreen, S. (2004). Trademarks lost in computer crash. Retrieved January 30, 2006, fromhttp//www.theroyalgazette.com/apps/pbcs.dll/article?AID=/20040327/ watchword/103270075.