Yosemite Trademark Fiasco Settled
In a January 2016 blog post, I wrote about how a concessionaire - Delaware North Companies, Inc. - who lost the contract to run the Yosemite National Park operations appeared to own the tangible and intangible property associated with Yosemite Park, such as the names of the attractions. That concessionaire then requested $50 million to turn over the trademark rights to the winner of the Yosemite contract.
The parties have settled for $12 million (see link) and, as part of the settlement, the IP will revert to federal government ownership. Further, the government has clarified in its other agreements with park operators that the intangible IP associated with parks is owned by the government.
Photo on Pixabay.