Policy Impact Analysis - 117/S/4976

Bill Overview

Title: Trademark Licensing Protection Act of 2022

Description: This bill establishes that licensing a trademark or trademark registration for use by a related company does not contribute to establishing an employment relationship between the licensor and the licensee, nor does a licensor's exercise of control over how the licensed trademark is used.

Sponsors: Sen. King, Angus S., Jr. [I-ME]

Target Audience

Population: Trademark licensors, licensees, and related business entities engaged in licensing agreements

Estimated Size: 2000000

Reasoning

Simulated Interviews

Trademark Lawyer (New York, NY)

Age: 45 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 4/20

Statement of Opinion:

  • This bill provides much-needed clarity in licensing agreements.
  • It will potentially decrease litigation costs over misinterpretations of employment relationships.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 8 7
Year 3 8 7
Year 5 9 7
Year 10 9 7
Year 20 8 6

Startup Founder (San Francisco, CA)

Age: 38 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 3/20

Statement of Opinion:

  • The policy removes an administrative worry of misclassification of employment.
  • It allows focus purely on leveraging the trademark for marketing.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 8 6
Year 3 8 6
Year 5 9 6
Year 10 8 5
Year 20 8 5

Corporate Brand Manager (Seattle, WA)

Age: 53 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 10.0 years

Commonness: 4/20

Statement of Opinion:

  • The law simplifies our licensing contracts significantly.
  • Could potentially save legal costs and reduce management overheads.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 9 8
Year 3 9 8
Year 5 9 7
Year 10 9 7
Year 20 9 6

Small Business Owner (Austin, TX)

Age: 29 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 3.0 years

Commonness: 7/20

Statement of Opinion:

  • As a small business, we're a bit wary of legalese, but this makes the licensing a bit less daunting.
  • Any reduction in risk of misinterpretation is beneficial.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 7 6
Year 5 6 6
Year 10 6 5
Year 20 5 5

Retired Franchisor (Miami, FL)

Age: 65 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 2.0 years

Commonness: 6/20

Statement of Opinion:

  • I think this bill will simplify things for future franchisees.
  • Could lower costs related to legal disputes.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 6
Year 5 7 6
Year 10 6 6
Year 20 6 5

Intellectual Property Consultant (Los Angeles, CA)

Age: 31 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 5/20

Statement of Opinion:

  • This clarification can make trademark licensing talks smoother with less legal concern.
  • Startups might find it more accessible to integrate branding.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 5
Year 3 7 5
Year 5 8 5
Year 10 8 4
Year 20 7 4

Corporate HR Manager (Chicago, IL)

Age: 40 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 7.0 years

Commonness: 6/20

Statement of Opinion:

  • Less concern about potential misclassification is a positive.
  • Can redirect HR resources to other areas.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 7 6
Year 3 7 6
Year 5 7 6
Year 10 8 5
Year 20 7 5

Trademark Owner (Phoenix, AZ)

Age: 50 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 10.0 years

Commonness: 3/20

Statement of Opinion:

  • This policy is a crucial step in defining boundaries.
  • Hope this leads to fewer disputes and more straightforward negotiations.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 9 8
Year 3 9 7
Year 5 9 7
Year 10 8 7
Year 20 8 7

Regional Licensing Manager (Denver, CO)

Age: 33 | Gender: other

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 5/20

Statement of Opinion:

  • Clear guidelines help streamline process and cut down on redundant checks.
  • Aids in report development consistency.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 8 7
Year 3 8 7
Year 5 8 7
Year 10 7 6
Year 20 7 6

Entertainment Industry Executive (Las Vegas, NV)

Age: 42 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 4/20

Statement of Opinion:

  • In entertainment, clear rules on employment relationships help avoid potential contractual drama.
  • A positive step but licensor-licensee nuances remain.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 8 6
Year 5 8 6
Year 10 7 5
Year 20 7 5

Cost Estimates

Year 1: $2000000 (Low: $1500000, High: $3000000)

Year 2: $1000000 (Low: $800000, High: $2000000)

Year 3: $500000 (Low: $400000, High: $1000000)

Year 5: $200000 (Low: $100000, High: $500000)

Year 10: $200000 (Low: $100000, High: $500000)

Year 100: $10000 (Low: $5000, High: $20000)

Key Considerations