THE BOYZ offers their trademark rights free of charge...so why is their new agency One Hundred so opposed?

The Boyz's current management office IST Entertainment and its new management office One Hundred are showing friction over trademark rights.
The company said it would offer the rights to use the trademarks free of charge to the members of "The Boyz," but One Hundred said it was an "unreasonable condition" and that if the agreement falls through,
The team is currently using a new name. [One Hundred side: "Agreement difficult"...If the agreement breaks down, a new name will be used] On the 4th, One Hundred announced, "THE
IST Entertainment, the management office of THE BOYZ, agreed to the conditional rights to the artists related to THE BOYZ.
"We are no longer able to accept the trademark rights that IST Entertainment has protected for the past seven years due to the unreasonable terms of the agreement," they said.
The artists of "BOYZ" have also tried their best to maintain the trademark rights until the end for their fans, but have not been able to achieve good results and have decided to leave the company under IST Entertainment.
"We express our deepest regret to One Hundred," the company said, adding, "Until the contract expires on December 5th, One Hundred will do its best to reach an agreement regarding the trademark rights with an open mind."
One Hundred also said, "Even if the agreement falls apart, the current 'THE
We will thoroughly prepare so that the members of "BOYZ" can work under a better brand name.
Prior to this, on the 15th of last month, One Hundred announced, "Once the exclusive contract ends, all members of 'The Boyz' will be transferred to their current management office, IST Entertainment."
"I will be leaving the company and moving to a new management office called One Hundred," he said. One Hundred is a music company founded by Cha Ga Won, chairman of P-Arch Group, together with singer MC Mong.
The trademark rights for "THE BOYZ" are owned by IST Entertainment, and if the agreement fails, "THE BOYZ" will be
BOYZ" will have to work under a new team name. One Hundred is
As if anticipating difficulties in reaching an agreement on trademark rights, the group is known for filing new trademark applications for "The Boys," "The New Boyz," and "THBZ."
[IST Entertainment: "Provide trademark rights to members free of charge"] However, IST Entertainment's position was completely different.
The group has decided to provide the members of "The Boyz" with the right to use the trademark "The Boyz" freely, even if they break up with One Hundred in the future.
It was reported that ARMDRED wanted to take over the IP (intellectual property rights) of "THE BOYZ" itself. It seems that the two companies have not been able to find an agreement on this point.
IST Entertainment said, "We intend to offer the rights to use the trademarks free of charge to all 11 members of THE BOYZ, and have already conveyed this to the members.
"All 11 members agreed to this and were allowed to use the trademark rights free of charge for any activities (unit or individual activities, etc.)," the company said. "Furthermore, there are members who still have about six months left on their exclusive contracts.
Regarding the member, we have decided to end the exclusive contract early, regardless of the remaining exclusive contract period, in order to support his activities at the new agency, and have already conveyed this intention to the relevant member."
He continued, "The fact that we were offering the free use of the trademark to the members, who are the core of the team, rather than to the new management office, will mean that we will continue to have a relationship with the members and the team in the future.
"This was a decision we made after much deliberation in order to allow our members to have deeper and smoother interactions and to promote more active activities," the agency said. "Our company is pleased to announce that we will be releasing "THE
In order to support the continuity of the group "BOYZ" and its open-ended encounters with fans, the members of the group have been granted the right to use the song for free.
" He also said, "We were told that we had asked for an excessive value for the trademark rights," and that "we had not asked the new company to pay more than the usual amount."
"The story that we asked for permission to use the trademark is also not true," he said. "Rather, our company is in a position to be open to various proposals regarding trademark rights, and we are only discussing basic and routine matters in order to ensure a smooth transition.
We have only exchanged some parts. We have promised to support THE BOYZ so that their relationship with us will not end easily and that they will not be inconvenienced in their future activities.
"The Boyz debuted in 2017. Since then, they have appeared on the Mnet show "Road to
They won the finals of the "Kingdom" competition and their name became widely known. On the 28th of last month, they released their ninth mini album "Fuse".