Libya has announced significant changes to its trademark renewal fees and procedures under Resolution no. 586 of 2024, issued on November 27, 2024. These changes affect both foreign and domestic businesses, introducing higher fees and more complex requirements. Under the new decree, the renewal fee for trademarks in Libya has seen a dramatic increase. The renewal cost is now set at US$2,000 per year, which brings the total renewal fee for a 10-year term to US$20,000. For foreign trademark holders, this represents a significant increase in costs, as businesses are now required to pay the new fee to renew their trademarks in Libya.
three-peat TM revenue might have given to charities
Pat Riley’s three-peat trademarks could have led to the Miami Heat president getting a sizable payday if the Kansas City Chiefs had won their third consecutive Super Bowl. Turns out, the Basketball Hall of Famer doesn’t keep that money. Riley said he devotes his share of revenues gleaned from “three-peat” usage — he has had trademarks on that term for about 35 years — to various charitable organizations. Of particular importance to Riley and his wife, Chris Riley, are groups that help military veterans and their families, including the Special Operations Warrior Foundation in Tampa, Florida.