The agreement was the result of negotiations between the University and Powered that have been ongoing since the lawsuits were filed in July. The talks have intensified during the last two weeks as the trial date approached, said Lisa Byrne, a spokesperson for Powered.
Both sides agreed in principle and signed the settlement late last week, according to Lopez.
The accord ended a tangled web of litigation that began when notHarvard, fearing a possible University lawsuit, sued Harvard on July 27, asking a court to preemptively declare that its name did not infringe on the University's trademark. Four days later, Harvard filed its own suit, alleging that notHarvard committed trademark dilution.
On Sept. 19, NotHarvard changed its name to Powered. It offered to transfer ownership of the notHarvard name to the University on Dec. 7, giving Powered time to adjust to the change.
At the time, the University vowed to continue the litigation, the name change notwithstanding. It wanted a "solution that's legally enforceable," instead of merely "an individual's promise," according to Wrinn.
This settlement accomplishes that goal, Wrinn said.
"Now we have a judgement on the part of the court agreeing with us," Wrinn said. "It will be more useful if something like this comes up in the future."
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