Settlement Reached in Intellectual Property Case Involving Eastern Point
Settlement Announcement in Intellectual Property Case
In an important development regarding intellectual property rights, Eastern Point Trust Company has successfully settled claims against the Town of Lovell. This pivotal agreement follows a careful evaluation of evidence proving Lovell's infringement of Eastern Point's Collective Intellectual Property rights.
Statements from Officials
Town Attorney Alexa Rolin recently confirmed that Lovell will not engage further with Flatirons Bank, signaling a clean break from previous agreements. In a statement to a local newspaper, she explained that a recent vote effectively terminated the relationship with the bank, emphasizing the town’s commitment to moving forward.
Response from Eastern Point's Counsel
Sam Kott, Vice President and Corporate Counsel of Eastern Point, highlighted the significance of protecting intellectual property and commended Lovell's leadership for swiftly resolving the issue. He expressed confidence in Eastern Point’s dedication to uphold its rights, asserting that they would take strong legal action against any infringement of their property.
Protecting Intellectual Property
Eastern Point’s CEO, Edward “Ned” Armand, stressed the necessity of enforcing trade secret laws. He noted that both federal and state laws strictly prohibit any form of trade secret misappropriation, emphasizing that ethical business practices do not allow for such actions. Eastern Point is poised to vigorously defend its rights and utilize all necessary legal avenues to combat any threats to its intellectual property.
About Eastern Point Trust Company
Eastern Point Trust Company stands at the forefront of trust and trust administration services, providing dynamic and tailored solutions for a variety of clients including individuals, families, and institutions. Renowned for its commitment to innovation and excellence, Eastern Point aims to revolutionize the trust administration landscape. The company prides itself on being proactive and responsive, ensuring that client needs are met promptly and effectively.
About Coal Creek Law
Coal Creek Law, a reputable law firm based in Cheyenne, Wyoming, offers extensive legal guidance across the Rocky Mountain and Great Plains regions. With a focus on results-oriented strategies, they are dedicated to delivering comprehensive legal support aimed at serving both individuals and businesses in their diverse legal needs.
Contact Information
For inquiries related to this matter, please reach out to Sam Kott at Eastern Point Trust Company:
Sam Kott
Phone: 855-222-7513 (#217)
Email: SamKott@easternpointservices.com
Website: www.easternpointtrust.com
Frequently Asked Questions
What was the nature of the claims against the Town of Lovell?
The claims involved intellectual property infringement concerning Eastern Point's Collective Intellectual Property rights.
Who represented Eastern Point in this settlement?
Coal Creek Law represented Eastern Point Trust Company in the legal proceedings regarding this settlement.
What was the outcome of the settlement?
The Town of Lovell agreed to terminate its previous contracts, thereby resolving the intellectual property issues without further legal action.
How does Eastern Point protect its intellectual property?
Eastern Point actively defends its intellectual property rights using legal channels and emphasizes compliance with trade secret laws.
What services does Eastern Point Trust Company offer?
Eastern Point provides trust administration services tailored for individuals, families, and institutions, focusing on innovation and customer satisfaction.
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