Post
Topic
Board Announcements (Altcoins)
Re: [ANN] RCHAIN
by
DecentralizeEconomics
on 24/01/2017, 04:25:31 UTC
Quote
FYI fam... the notion that you are legally protected against IP infringement litigation by the argument that RChain is "open source" is total bullshit.

https://en.wikipedia.org/wiki/Linux#Copyright.2C_trademark.2C_and_naming
Quote
In the United States, the name Linux is a trademark registered to Linus Torvalds. Initially, nobody registered it, but on August 15, 1994, William R. Della Croce, Jr. filed for the trademark Linux, and then demanded royalties from Linux distributors. In 1996, Torvalds and some affected organizations sued him to have the trademark assigned to Torvalds, and, in 1997, the case was settled.

Additionally, you're all susceptible to litigation if you signed non-compete clauses regardless of your state's laws regarding the enforcement of non-compete contracts.  State laws only apply to corporations incorporated in that state.  Synereo LTD is in Israel.  You would have entered into a contract with a company out-of-state.  Therefore, you would still be legally bound by such a contract.

Thought I'd let you know fam.

The Linux case is not relevant because the case relates to (1) a registered trademark for (2) an existing product (3) developed by the plaintiff.

You might want to read up on long-arm jurisdiction in Washington state and California.

"RChain" is an existing product being developed by Synereo LTD.  Synereo LTD has full legal rights to the "RChain" trademark and associated IP.  Don't kid yourself here.