TORONTO, Dec. 9, 2010 /PRNewswire/ -- BlueFoot Ventures Inc. (www.bluefootventures.com) is the owner of the registered CITYSEARCH mark, which has been used under license by IAC/Interactive Corp. for online city guides and business listings.
BlueFoot has issued a written notice of termination of the CITYSEARCH license to IAC based on various alleged material breaches by IAC of the parties' contractual license terms.
IAC disputes the notice of termination and BlueFoot Ventures will seek to enforce such notice of termination in the context of BlueFoot Ventures' pending court action against IAC in the Ontario Superior Court of Justice. This court action seeks damages and other relief for breach of contract and other claims.
BlueFoot anticipates successfully enforcing its rights in its CITYSEARCH mark.
BlueFoot is currently accepting offers of interest from persons interested in BlueFoot's pending litigation or in licensing BlueFoot's CITYSEARCH mark for geographic areas that are not currently the subject of license or for post-termination of its existing license.
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SOURCE BlueFoot Ventures Inc.