Whether you’re running a newly minted start-up or leading an established corporation, genuine trade secrets will almost always provide your company with a competitive edge in the marketplace under both federal and state law. But you must handle them properly. Unfortunately, that edge can deteriorate, or vanish entirely, if your company makes one or more […]
Why Conduct an Intellectual Property Audit
As we discussed in our recent post How to Conduct Intellectual Property Audits, your company’s intellectual property (IP) is among its most important and valuable assets. The goals of an audit of that IP are to: 1) determine what IP your company owns, and 2) develop a strategy to effectively use and manage those assets […]
How Not to Protect Your Company’s Valuable Trade Secrets
A federal district court in Illinois recently reminded all of us of how important it is to take the necessary steps to protect the proprietary information that you consider to be a trade secret before any misappropriation occurs. If you do so after the fact you may lose your ability to enjoin the thieves from […]
Warning to California Artists-Ninth Circuit Decision Limits Some Royalty Rights
Who This Decision Affects Artists expecting a 5% royalty on sales of any “work of fine art” as outlined in a California state law that took effect January 1, 1977. This law was enacted to protect artists by requiring the seller, or seller’s agent, to withhold a 5% royalty and pay that to the artist. […]
How to Protect Your Company’s Software Assets Through Contract Protection
If your company drives its revenue with proprietary software assets, you must ensure those assets are not improperly shared or misused by others. One way to protect your company’s software-related intellectual property (IP) rights is through a written contract. How Can Contract Provisions Help Protect Software? Most commercial software products are distributed in compiled object […]
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