“Fearless Girl” statue at center of intellectual property dispute

When a piece of artwork is created for a specific purpose, some issues of ownership could potentially result. Does the image beyond the specific piece belong to those who commissioned the work? Does it belong to the artist who created it? In some cases, the lines may blur, and intellectual property disputes could arise.

Texas readers may be interested in such a dispute currently underway in another state. According to reports, the dispute revolves around the “Fearless Girl” statue that was placed on Wall Street in front of the “Charging Bull” statue. Apparently, the artist who created “Fearless Girl” made replicas of the statues and sold at least three of them. The report indicated that the investment firm that commissioned the original work has filed a lawsuit against the artist, claiming breach of contract and trademark infringement.

The artist claims that she owns the copyright to the statue and that selling reproductions has no association with the investment firm. However, the firm believes that unauthorized reproductions could cause confusion and damage the global gender diversity campaign for which the statue was initially commissioned. Neither the company nor the artist provided specific comment for the report.

Intellectual property disputes can be complicated issues, especially when it is unclear who has the rights to what. Both trademarks and copyrights provide certain protections for IP, but as this case shows, conflicts may not be prevented. If individuals in Texas believe that their IP has been misused, they may want to gain information on their possible legal options for addressing their concerns.