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Yeah, but according to the filing, Matt had Automattic transfer the ownership of the trademarks to the foundation, they had the foundation grant the exclusive l
by bigiain 2y ago
Yeah, but according to the filing, Matt had Automattic transfer the ownership of the trademarks to the foundation, they had the foundation grant the exclusive licence back to Automattic.
If those trademarks are asserted to be worth billions, there are presumably reporting and tax obligations for both the ownership transfer and the licence grant agreement.
- metamichael 2y agoWordPress Foundation: Owns the trademark Automattic: Owns the commercial right to use and sell the license This is done because the WordPress Foundation is non-profit. The legal intricacies of this have been worked out a long time ago. You want to use the WordPress license? Then you'll have to buy it from Automattic.
- re-thc 2y ago> The legal intricacies of this have been worked out a long time ago. Doesn't sound like. Most people are still confused.