TALENTUM BLOG

Investment fund intent to use Talentum trademark

  • As professional investment fund became one of our major shareholder, now Talentum trademark will be wisely used by them for insurance, financial, monetary and real estate affairs.

As you may already know trademark is a word, phrase, logo, or symbol that represents a company or its products and services. A trademark protects a company’s intellectual property. To qualify for a federal trademark registered with the United States Patent and Trademark Office (USPTO):

  • • You must use or intend to use the mark in commerce.
  • • The mark must be distinctive to your business.

Before receiving approval from the USPTO, companies and people can use the TM symbol to indicate ownership of the mark. Upon approval, they can legally add the registered trademark symbol (®) to their mark. The TM symbol doesn’t hold any legal weight, but it can indicate to other businesses or people in your industry that you intend to claim the mark.

  • Talentum™ was filed in USPTO on 07 August 2017 and extended on 02 August 2018 under serial number 87558727.

Trademark Details
STATUS CODE: 730 FIRST EXTENSION

Trademark Application Allowed: First Extension of Time to File Statement of Use Granted. We filed a federal trademark application. The trademark is ready to register, however, the mark is not yet in use. Before the registration number can be issued, we must put the mark into use in U.S. commerce and state use. We filed the first request for the extension of time to file a statement of use. The request has been granted. We have extended the time to file a statement of use for 6 months.

  • Now investment fund managers will finalize Talentum branding formalities and all service types we will move our application from intent to use state by filling a statement of use.

Our current application has been allowed and this allowance is only for trademark applications based on intent to use. Applications based on actual use move from publication to registration.

Service Mark
  • A service mark is the same as a trademark, but it distinguishes a company that provides services instead of products. A service mark still falls under the legal trademark laws and must be registered with the USPTO.

A common example of a service mark would be the “McDonald’s” service mark since it is used to represent the services provided.

IC 36 – International Class 036

All goods or services are categorized within International Classes (IC hereafter). Goods run from classes IC 1-34, while Services are in IC 35-45. Class 36 includes mainly services rendered in financial and monetary affairs and services rendered in relation to insurance contracts of all kinds.

Each class has a short title heading that gives a snapshot of what that class is all about – IC 36’s short title is insurance and financial services. The USPTO has 732 accepted descriptions that fit into IC 36.

Almost anything you can think of that’s in the insurance or financial fields is going to be in IC 36. This is going to include services like investing, appraising, banking or credit unions and real estate services that delve into finance (brokerage, listing, escrow, management).

If a service cannot be classified with the aid of the List of Classes, the Explanatory Notes and the Alphabetical List, the following remarks set forth the criteria to be applied:

 (a) Services are in principle classified according to the branches of activities specified in the headings of the service classes and in their Explanatory Notes or, if not specified, by analogy with other comparable services indicated in the Alphabetical List.

 (b) Rental services are in principle classified in the same classes as the services provided by means of the rented objects. Leasing services are analogous to rental services and therefore should be classified in the same way. However, hire- or lease-purchase financing is classified in Cl. 36 as a financial service.

 (c) Services that provide advice, information or consultation are in principle classified in the same classes as the services that correspond to the subject matter of the advice, information or consultation, e.g.,  financial consultancy (Cl. 36). The rendering of the advice, information or consultancy by electronic means (e.g., telephone, computer) does not affect the classification of these services.

 (d) Services rendered in the framework of franchising are in principle classified in the same class as the particular services provided by the franchisor (e.g., financing services relating to franchising (Cl. 36)).

CLASS 36 include:

  • • Insurance;
  • • financial affairs;
  • • monetary affairs;
  • • real estate affairs.

This Class includes, in particular:

  • services relating to financial or monetary affairs comprise the following:
    •  (a) services of all the banking establishments, or institutions connected with them such as exchange brokers or clearing services;
    •  (b) services of credit institutions other than banks such as co-operative credit associations, individual financial companies, lenders, etc.;
    •  (c) services of “investment trusts,” of holding companies;
    •  (d) services of brokers dealing in shares and property;
    •  (e) services connected with monetary affairs vouched for by trustees;
    •  (f) services rendered in connection with the issue of travellers’ cheques and letters of credit;
  • hire- or lease-purchase financing;
  • services of realty administrators of buildings, i.e., services of letting or valuation, or financing;
  • services dealing with insurance such as services rendered by agents or brokers engaged in insurance, services rendered to insured, and insurance underwriting services.

A trademark allows consumers to easily identify the source of goods or services so that there is trademark distinctiveness. Before trademark laws became more regulated, there was confusion in the marketplace. Consumers couldn’t immediately recognize the provider of services or goods, so it was difficult to achieve brand loyalty.

The Lanham Act, signed into law in 1945, helped offer more protection under trademarks issued in the United States. When a business or individual receives approval on a trademark application, it comes with legal rights and protection. The trademark only allows the owner to copy, produce, profit from, and use the mark. A trademark holder can take legal action against someone who infringes on the trademark in federal court.

The categories of trademarks designate how unique the mark is and how much protection it offers in legal situations. Other trademark types include certification marks, collective membership marks, and collective trademarks.

Certification marks identify which authority provides certification of goods, while collective membership marks are for members of an organization, collective, or association. This type of trademark shows the membership of each person and distinguishes the services or products from those who don’t belong to the group. Collective trademarks offer protection for a group of people who own the symbol, logo, design, phrase, or word together.

The classification guide is constantly being updated with new goods or services. As the marketplace changes, the trademark office must adapt.

Listing of All Goods in Class 36 Based on Taxonomy
  • • Insurance services, actuarial services, insurance brokerage, insurance information, insurance consultancy.
  • • Insurance underwriting and appraisals and assessment for insurance purposes, accident insurance underwriting, fire insurance underwriting, health insurance underwriting, insurance underwriting, life insurance underwriting, marine insurance underwriting.
  • • Warranty services, Real estate services, accommodation bureaux [apartments], apartment house management, housing agents/real estate brokers, leasing of real estate, leasing of farms, real estate agencies, real estate management, rental of offices [real estate], renting of flats/renting of apartments.
  • • Rent collection, rent collection.
  • • Pawnbrokerage, pawnbrokerage.
  • • Provision of prepaid cards and tokens, issue of tokens of value, issuing of travellers’ checks [cheques].
  • • Safe deposit services, deposits of valuables, safe deposit services, Financial and monetary services, and banking, banking, brokerage, brokerage of carbon credits, business liquidation services, financial, financial management, financing services, home banking, savings bank services, trusteeship/fiduciary.
  • • Currency trading and exchange services, exchanging money.
  • • Securities and commodities trading services, clearing, financial/clearing-houses, financial, securities brokerage/stocks and bonds brokerage, stock exchange quotations, stock brokerage services.
  • • Loan and credit, and lease-finance services, credit bureaux, hire-purchase financing/lease-purchase financing, instalment loans, lending against security, loans [financing], mortgage banking, surety services/bail-bonding/guarantees.
  • • Debt recovery and factoring services, debt collection agencies, factoring, Investment services, capital investments/fund investments/capital investment, Fund investments, mutual funds, provident fund services.
  • • Financial underwriting and securities issuance (investment banking), Financial transfers and transactions, and payment services, retirement payment services, electronic funds transfer.
  • • Cash, check (cheque) and money order services, Card services, credit card services, debit card services, issuance of credit cards.
  • • Tax and duty payment services, customs brokerage.
  • • Financial information, data, advice and consultancy services, financial analysis, check [cheque] verification, debt advisory services, financial information, financial consultancy, repair costs evaluation [financial appraisal].
  • • Financial rating and credit reports, Financial appraisal services, financial evaluation [insurance, banking, real estate], fiscal assessments/fiscal valuations, Fundraising and sponsorship, charitable fund raising, financial sponsorship, organization of collections.
  • • Valuation services, antique appraisal, jewelry appraisal, art appraisal, financial evaluation of wool, financial evaluation of standing timber/financial valuation of standing timber, numismatic appraisal, real estate appraisal, stamp appraisal.

 

Issue of tokens of value

In economics, Token money, or Token, is money that has little intrinsic value compared to its face value. Unlike fiat money, which also has little intrinsic value, it is limited legal tender. It does not have free coinage. More broadly token money typically represents the promise to be exchanged for something of value in the future. Token money can exist an account record rather than physical form. Since the late twentieth century token money has also had a digital form; as an account on a computer system. This is digital money that is not legal tender.

Token money typically represents the promise to be exchanged for something of value in the future. Token money can also be used in a token economy to influence behavior.

The majority of currencies in circulation exist in digital form, as accounts in a bank’s database. The account may either be representative money or fiat money. Similarly, token money can exist in digital form. Digital token money is usually controlled by its developers and used by a specific virtual community. Two examples of digital tokens are Facebook credits and Amazon Coin.

More advanced type of tokens called cryptocurrency (or crypto currency), this is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies are a kind of alternative currency and digital currency. Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems.

The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.

Financial cryptography allows decentralised digital token money to be exchanged trustlessly. However, the blockchain can provide other functions than making payments. Crypto tokens can represent utility or assets, for example with decentralized applications or smart contracts. The token may be uniquely identifiable; ie. non fungible.

Token money may be representative money, as well as having nominal value; that is, its owner has a legal claim to a fixed amount of a commodity that has intrinsic value. Alternatively, it may be fiat money, its worth coming almost exclusively from its nominal value.

A key point of difference between a token money and a legal tender is that the latter is issued by a governmental authority and is freely exchangeable for goods. However, token money typically has a much more limited use and is often issued by a private company, group, association or individual. The financial value of tokens is determined by their current market value which in turn depends on the level of user’s trust to a project.

  • • Utility tokens are such kind of tokens that allow their owner buying different services and service items. Utility tokens are used for financing of projects of common infrastructure that couldn’t receive such financing previously.
  • • Security (“investment”) tokens are such kind of tokens that give their owner the right to implement his investment interests. It may be the right to participate in a legal entity, capital, profit, the status of a creditor or a lender.
  • Talentum ICO was secured by well established business of Sintez Global related to datacenter hosting capacities, services related to hardware equipment operations and renewable green energy power sources.

U. S. Securities and Exchange Commission (SEC) gave its official assessment on ICOs on July 25, 2017. According to the regulator, the rules that are valid for common stocks of companies when they enter an exchange should be applied to the tokens. It means that all the issuers are subject to registration to be able to issue their virtual securities.

There is the “Howey Test” legislation created by the Supreme Court of the United States for determining whether certain transactions can be qualified as investment activity. The answer is affirmative in case it is determined that investment was made, it was the investment in a joint venture while the receipt of profit is expected mainly as a result of another person’s activity.

Utility tokes that are given by a start up to its client with the purpose of financing the client’s future purchases don’t serve as securities (security tokens) as their primary goal is it to make the process of purchasing easier but not to gain profit. The legal status of utility and security tokens has not been determined in the Russian law system yet.

After the decision made by the U. S. Securities and Exchange Commission many American exchanges began to limit the purchase of certain types of tokens for their users that may present certain risk in the light of new legal norms.

In this regard, experts advise non-residents of America to issue utility tokens, without involving security tokens if possible. Otherwise, trading on American exchanges, they will automatically fall within the jurisdiction of the USA, which may cause undesirable effects.

  • The issuance of security tokens should be associated with official registration and execution of all U. S. Regulatory requirements for safe and legal cooperation with American investors in the area of blockchain technologies.

 

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