A cooling-off period in trademark law refers to a period of time during an opposition proceeding when the parties are given an opportunity to resolve the dispute amicably and potentially avoid further legal proceedings.
In some jurisdictions, once a Notice of Opposition has been filed challenging the registration of a trademark, a cooling-off period of typically 2 to 3 months is initiated. During this period, the parties are encouraged to enter into negotiations or alternative dispute resolution methods such as mediation or settlement talks to try and resolve their differences and come to a mutually agreeable solution.
`The cooling-off period provides the parties with an opportunity to reassess their positions and potentially come to an agreement without the need for further legal proceedings. It can also help to reduce the time and cost associated with the opposition proceedings and avoid a lengthy and expensive legal battle.