IP Fundamentals #1: Developing an IP Portfolio
When developing a plan to capture and protect a company’s intellectual property (IP), it is important to understand the various stages involved, what stage the company is currently in, and what is coming next. There are three important stages that effect how a company will develop and protect its IP portfolio. The “Initial Stage” generally corresponds to the startup phase of the company, often before employees have been hired and before any IP has been captured or any protection sought. The second phase is the “Market Defense Stage” in which the company has reached the market and now faces competition, competition that may be knocking of or otherwise making use of the company’s IP. And the third stage is the “Maintenance Stage” that corresponds to when the company’s products and the relative status of the competitors in the market are established.
In this first workshop of the 3-part series, Procopio Partner Noel Gillespie will explore the Initial Stage and what every company needs to do to ensure that:
- the IP being created in the company is captured;
- the company owns all such IP;
- there is a plan to protect the company’s rights in the IP that will allow the company to effectively use the IP in the next stage – the Market Defense Stage; and
- the company can successfully communicate all of this to an investor in a manner that conveys a well thought out strategy that will be effective in protecting market share and/or premium pricing.
Essential IP documents that will be discussed in detail are the:
- NDAs – one way and mutual
- Inventions Assignment Agreement
- Invention Disclosure Form
- Contractor Agreement
The lessons learned here will enable participants to efficiently and effectively manage their Intellectual Property and avoid common pitfalls which may have long-term repercussions.
To register for this event click here.