Chegg Warns Rival BookRenter.com It Owns The Trademark To Being No. 1
Who exactly is the market leader in textbook rentals is no longer just an academic debate. Online textbook rental service Chegg recently sent its rival BookRenter.co a lawyer letter (embedded below) demanding that it stop using the phrase "#1 In Textbook Rentals" on its Website. That is Chegg's marketing slogan, and it even registered the phrase as a trademark in 2008. But how can a company trademark being No. 1, especially in a nascent market that is evolving rapidly? In addition to Chegg and BookRenter, bigger players such as Barnes & Noble are getting into the textbook rental game. Chegg's trademark isn't going to do it much good in fighting off such encroachments. And even if Chegg is the biggest online textbook renter, the offline book rental market is much bigger with companies like Follett dominating.