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April 3rd, 2022
Caked Ape Lawsuits Show Need for Clear Contracts in NFT Art
Blockchain Technology Co-Chair Jeremy S. Goldman was quoted in the article, “Caked Ape Lawsuits Show Need for Clear Contracts in NFT Art” published by Bloomberg Law. The article discusses two lawsuits over Caked Ape non-fungible tokens. Members of the Caked Ape NFT art project are suing each other based on financial agreements made over text messages. Artist Taylor Whitley claimed the project’s other founders infringed his copyrighted art by cutting him out of the project and his share of the NFT sales. Jeremy is quoted saying, “Part of the dispute will hinge on the type of copyright license Whitley claims to have” and adds, “The case is novel because the assets in question are based on an emerging technology, even though this type of contract and copyright dispute has been litigated thousands of times.”
Jeremy notes, “A written contract won’t completely eliminate the possibility of litigation.” He said that lawsuits are most likely when an expensive project fails and members start pointing fingers, or when a project is successful and members fight over how the money is divided. In conclusion Jeremy adds, “But I think you can avoid a tremendous amount of disputes and low-hanging fruit, not even necessarily by having lawyers at the beginning” and “You shouldn’t engage in a project that has upside potential without having those hard discussions with other members about what the deal is and putting it in writing.”
Read the full article here.
Greenwashing in the Crosshairs: Regulators Around the Globe Take Aim
AdWeek quotes Jeffrey A. Greenbaum on the FTC's updated Green Guides guidance, which discourages U.S. brands from misleading consumers through false advertising. Read more.
May 31 2023
How GCs Can Handle Internal Pressure To Hire A Certain Firm
Law360 quotes Tyler Maulsby on potential ethics issues when general counsels are pressured to steer work to specific law firms. Read more.
May 16 2023
The Number Of US State Privacy Laws Is Close To Hitting Double-Digits
AdExchanger quotes Daniel M. Goldberg on Frankfurt Kurnit's 2023 Tech Law Summit and on the rise of state privacy laws. Read more.
May 12 2023