Intellectual Capital

Patents

Trademarks

Patents

On February 16, 2001, Quazant filed the first in a series of patent applications that protect the core components of our transaction acceleration technology.  We feel that it is important to create tangible assets in the form of intellectual property. Each patent represents a twenty-year international monopoly on the respective invention, providing a serious barrier to competition.

We are also pleased to have our inventions validated by the patent attorneys, who are ethically constrained to filing patent applications only for inventions they deem useful, novel, and non-obvious.  Given that portions of this technology have been in development for well over 2 years, Quazant was able to submit actual source code to be patented.  This contrasts with some patent applications that attempt to patent an idea prior to its having been invented.  This demonstrates our ability to move quickly with regards to creating this product.

As previously mentioned, Quazant will be continually filing patents with the United States Patent Office throughout its existence.  At such point that an additional or new invention is created, coded, and tested, Quazant will draw together the necessary patent documents to file for supplemental patents.

Quazant plans to further protect itself by copyrighting the source code.  This ensures that the source code cannot be duplicated by a third party without Quazant’s consent.

Registered Trademark: Quazant®

On October 1, 2002, the United States Patent and Trademark Office officially approved “Quazant” as a registered trademark, thereby affording the company all the protection associated with such a registration.

Federal registration has several advantages including public notice of our claim of ownership of the mark, a legal presumption of ownership nationwide, and the exclusive right to use the mark on or in connection with the goods or services set forth in the registration. 

Prior to filing a trademark application for “Quazant^®,” the company authorized a full Thompson & Thompson trademark search for “Quazant” in an effort to conclusively determine the uniqueness of the name.

That search did not produce any mark likely to prohibit registration or to cause confusion with any other existing mark currently being used in commerce.  Based on the favorable search results, we prepared and filed the application with the U.S. Patent & Trademark Office.

The United States Supreme Court has made the importance of trademarks rather clear. It stated, "The protection of trademarks is the law's recognition of the psychological function of symbols. If it is true that we live by symbols, it is no less true that we purchase goods by them. A trademark is a merchandising short-cut which induces a purchaser to select what he wants or what he has been led to believe he wants. The owner of a mark exploits this human propensity by making every effort to impregnate the atmosphere of the market with the drawing power of a congenial symbol. Once this is obtained, the trademark owner has something of value".