Are there any specific considerations for M-A or joint venture transactions that companies should take into account when preparing, negotiating or entering into an agreement in the luxury fashion sector? Fashion designs can be protected by the Trademark Act, Copyright Act, Design Protection Act and Unfair Competition and Protection of Trade Secret Act (UCPL), and different IP rights can overlap in a single fashion design. Lease – This is an agreement signed between a landlord and the tenant for the rental of commercial or residential property. The lease agreement is used to draw the terms of a tenancy agreement, including the rights and obligations of the landlord and tenant. All companies – especially in the fashion and design sector – face unique challenges in an ever-changing digital space that regularly introduces new branding, marketing and protection issues. We support our clients in the effective introduction of new online collections or product lines, including design and brand protection, social media issues, verification of websites and online marketing programs, and privacy and security data. With our extensive brand abuse protection, surveillance and action programs, we have removed all barriers. We also propose comprehensive enforcement strategies against counterfeiting, a multi-billion euro industry. We combine medical investigations, digital scrubbing, portal-based resources and boots-on-the-ground investigators to identify and insult offenders who harm your business. Data Processing Contract – This is an agreement between the processing manager and the subcontractor in written or electronic form, which is legally binding for the parties.
It regulates the details of data processing and all other information necessary for notification and is part of the extent and process of the contract format. What legal framework governs the development, production and supply chain of fashion items? What are the usual contractual arrangements for these relationships? Effective procedures often depend on the quality of the mediator, arbitrator or expert. Wipo Center maintains a list of more than 2,000 neutrals from around the world with expertise in IP and technology, including fashion. Neutral persons on the WIPO list may be selected by parties in cases in accordance with WIPO rules, while parties remain free to select mediators, arbitrators or experts from outside wipO`s list. Agency Contracts – This agreement allows one party to act on behalf of another. The agreement gives the Agency the power to act on behalf of the client. This agreement is established by the agent of the adjudicating entity and the authority delegated to the Agency. It creates a fiduciary relationship between the Agency and the client. Meanwhile, the “jik-gu” (“direct purchase” in Korean buying model, which refers to the recent increase in direct purchases from overseas delivered to Korea) has made available fashion items more diversified. This expansion of the market beyond the traditional boundaries of a domestic market has allowed small foreign luxury and fashion brands, traditionally limited by limited resources, to compete and enter the market at a later date.