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The prohibition of competition constitutes an important tool to protect the company against unfair or speculative actions by its statutory bodies. Although the law does not explicitly define the concept of competition, it is a natural element of a market economy in which firms compete for the customer. In order for this competition to take place correctly, the legislation obliges the Statutory Officers to act in the interests of the company and not to create or strengthen its competition. The question remains, however, whether the legal framework is sufficient for us, or whether it is appropriate to adapt or extend the prohibition of competition in the social contract or the performance contract further.

We ranked first in the Intellectual Property category in the ranking of the Largest Law Firms in Slovakia, compiled annually by The Slovak Spectator. This award confirms our long-standing specialization, professional consistency and the trust of our clients, whom we support in protecting and developing their innovations, brands and technologies.

If a firm does not have intellectual property treated, it means that it does not have control of its most valuable assets. IP protection is not just a defense. It is also a signal that the entrepreneur thinks strategically, understands the value of his business and knows how to protect it systematically — in short, that he is not frivolous.

A trademark is not just a symbol or logo, it is a brand identity. It represents the value, trust and reputation that the entrepreneur has built for many years. If someone owns a SAMSUNG, ŠKODA, or PUMA trademark, they have the right to prevent other entities from using the same or confusingly similar designations for the same goods or services.

Conférence focussed on protecting brands, innovations, and technologies in the new era of business

In our previous article, we looked at the world of trademarks a little from the inside. We talked about what types of signs can be registered, how the registration process takes place, what are the most common mistakes, and what advantages the trademark brings to companies. Today we will focus on one particular step that often determines the success or failure of the entire registration, and that is the search before filing a trademark application. And even more precisely, to how this process is being changed by artificial intelligence (AI).

A trademark is currently one of the most important tools available to an entrepreneur if he wants to protect his name, products and services from competitors. At a time when the market is flooded with a lot of products and when customers are faced with a huge offer every day, it is increasingly difficult to differentiate yourself and build consumer confidence. It is the trademark that gives companies a unique identity, which becomes not only a business card, but also a guarantee of quality and a symbol of trust.

In company acquisitions, two basic forms of transactions are most often used — share deal or asset deal. Each of them has its advantages, risks and tax consequences.