Did you know that a U.S. trademark registration can be audited by the USPTO? Yes, the USPTO conducts random audits of approximately 10% of maintenance and renewal declarations. The audits apply to filings of both regular U.S. trademark registrations and Madrid Protocol International registrations to require additional proof of use of two items of goods or services specifically selected by the USPTO.
The European Union General Data Protection Regulation (GDPR) will become law on May 25, 2018 that is rapidly approaching with multi-billion dollar penalties for violation. It will require significant change to websites of U.S. companies and how they may collect and use personal data derived in Europe. This includes U.S. companies that have operations or vendors in Europe and transmit personal data from employees and vendors to the U.S. for processing and reporting. The penalties for GDPR violations are up to the greater of 4% of the company's global revenue or 20 million Euros are substantial. Now is the time for executives of U.S. companies to take prompt actions to comply before it is too late.