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February 06, 2012

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Intellectual Property News

Content Industries and Sharman Networks Settle All Global Litigation

SYDNEY – Sharman Networks Ltd. announced today that an historic turning point has been reached for both technology and content industries...

SYDNEY – Sharman Networks Ltd. announced today that an historic turning point has been reached for both technology and content industries with the global settlement of the Metro-Goldwyn-Mayer Studios Inc, et al., v. Grokster, Ltd and the Universal Music Australia Pty Ltd & Ors v. Sharman License Holdings Ltd & Ors copyright cases.

The global settlement of all legal disputes between Sharman, which owns and distributes the Kazaa peer-to-peer (P2P) software application, and the major entertainment content providers and trade groups, clears the way to enable distribution of the broadest range of licensed content over Kazaa.

“This settlement marks the dawn of a new age of cooperation between P2P technology and content industries which will promise an exciting future for online distribution in general and Kazaa users in particular,” said Nikki Hemming, CEO of Sharman Networks.

“It has been our long standing goal for Kazaa to play a significant role in the growing market for licensed online distribution and authorised exchange of copyrighted content using peer-to-peer technology, and this settlement ensures that we will be working together with the content providers to the benefit of consumers, businesses and artists,” said Hemming.

All the parties involved now recognize the time is right to work together, and we are looking forward to collaborating with the music and motion picture companies to make P2P an integral part of the future of online digital entertainment,” said Hemming.

About Sharman Networks:
Sharman Networks Ltd. distributes the popular Kazaa software, a leading peer-to-peer application that allows users to search, download, organize and interact with a variety of file types. Founded in 2002, Sharman Networks is a private company committed to distributing computing software applications that are pioneering the digital revolution. Sharman Networks is a worldwide operation. For more information about Sharman Networks, please visit sharmannetworks.com.

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Did You Know?

There is a legal instrument for exclusive rights.
The legal instrument that gives its owner certain exclusive rights for an invention is a patent.

	Newsroom
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Intellectual Property Terms

Today's Terms

License

Definition:
This is a contractual agreement from a copyright owner or the owner's authorized agent, such as a third party vendor, allowing another party to exercise one or more of the exclusive rights provided the copyright owner under the Copyright Law (See FAQ Section 2.1.5).

Infringement of copyright

Definition:
Can pertain to US CODE TITLE 17, CHAPTER 5 Sec. 501. - Infringement of copyright see the law, example: The legal or beneficial owner of an exclusive right under a copyright is entitled rights

Descriptive Term

Definition:
Is not considered to be inherently distinctive; to establish validity for registration or protection in court, it needs proof of acquired distinctiveness

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Intellectual Property Hot Topics

Topics Related to Intellectual Property:

Copyright Issues
Patents
Trademarks
Unfair Competition Concerns
Right of Publicity Questions
Confidentiality Agreement
Patent Corporation Treaty

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