Posts Tagged: "March Madness"

Marketing With the Stars of March: NCAA Athletes and the New ‘NIL’ Policy

Name, Image, and Likeness, or “NIL,” is the buzz word spinning around college athletics. In July 2021, the National Collegiate Athletic Association (NCAA) adopted its Interim NIL Policy (“the Policy”) which allows, for the first time, student athletes to monetize their NIL rights without losing scholarships or eligibility. Fans love college sports and cheering on athletes who play for their alma mater or favorite school teams, which creates collaboration opportunities for athletes and brands alike. In an attempt to connect their products and services with college athletes—who are the face of a billion-dollar industry—brands are jumping on the college-athlete bandwagon.

Don’t Go Down the Rabbit Hole with the Foes of Bayh-Dole

Sensing an opening after the Biden Administration’s recent Executive Order put a hold on a pending regulation prohibiting the misuse of the march-in rights provision of the Bayh-Dole Act for price control, Congressional opponents of the law dusted off a ploy that failed in the Obama Administration to try their luck again. They’ve written to Secretary of Defense Lloyd Austin and Health and Human Services Secretary Xavier Becerra urging them to march in to control prices of drugs created from inventions arising from R&D their agencies supported. We likened that aspect of the Executive Order to shooting ourselves in the foot, and it seemed as though it would be a while before we would know if the Administration would pull the trigger or not. With the recent Congressional actions, the day of reckoning may not be far off.

UMBC files trademark application to celebrate historic upset in NCAA Tournament as 16-Seed

UMBC has filed U.S. Trademark Application No. 87838422 which would protect the use of the standard character mark ’16 over 1′ for the sale of athletic apparel including footwear, hats and athletic uniforms. The university also filed U.S. Trademark Application No. 87838378, covering the standard character mark “RETRIEVER NATION”, and U.S. Trademark Application No. 87838377, covering the standard character mark “UMBC RETRIEVERS”. Each of these trademarks was filed on March 17th, one day after the UMBC Retrievers’ victory over the Virginia Cavaliers.