Here’s the main part of the letter…
It has come to our client’s attention that Seed Capital Ltd. operating as YOUTELLER is operating or preparing to operate a business providing services which are similar or identical to those provided by our client. Accordingly we hereby demand on behalf of our client that Seed Capital Ltd. Cease to use or display the trade marks YOUTELLER or YOUTELLER.COM in the promotion or provision of services which are similar or identical to those provided by our client. Such use by Seed Capital Ltd. Causes confusion, including initial interest confusion leading to persons familiar with the TELLER-suffixed brand of services to believe Seed Capital Ltd. is somehow affiliated with, related to or endorsed by our client. It is not a defense to suggest that after applying for an account it may be the ordinary consumer’s conclusion that the source of the YOUTELLER brand services is different. By then, Seed Capital Ltd. has benefited from our client’s reputation and goodwill.
Unless you immediately take steps to transition to a brand that is not infringing, Neteller will instruct counsel to immediately review all legal remedies against Seed Capital Ltd., including all available remedies to prevent impending harm, to enjoin further use of the infringing marks and to seek an order for damages, legal costs and other remedies commensurate with your brazen attempt to launch a new brand coat-tailing on Neteller’s reputation and goodwill.
We require correspondence from you indicating that you will comply by no later than Monday, March 5, 2007.