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StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
StartPad Countdown 3 - (Patent Pending)
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StartPad Countdown 3 - (Patent Pending)

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Adam Philipp from Axios Law Group discusses patents and trade secrets.

Adam Philipp from Axios Law Group discusses patents and trade secrets.

Published in: Technology, Economy & Finance
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Transcript

  • 1. So you have an idea… Adam L.K. Philipp [email_address]
  • 2. … and it might be worth something Adam L.K. Philipp [email_address]
  • 3. How can you protect an idea?
    • Trade Secret
      • Unlimited time
        • (in theory)
      • Easy to lose
      • Constant vigilance
    • Patent
      • Limited time
      • Hard to challenge
      • Easy to maintain
  • 4. Trade Secrets
    • Generally require a binding agreement…
    • … with nondisclosure language (NDA)…
    • … that nobody wants to sign…
    • … and that nobody ever reads.
  • 5. Losing a Trade Secret
    • Try Googling “RC4 Source Code”
  • 6. Trade Secret Summary
    • Use in limited circumstances
    • Use for manageable periods of time
  • 7. Patents
  • 8. What can be Patented
    • “Anything under the sun made by man.”
      • U.S. Supreme Court in Diamond v. Chakrabarty
    • However, the invention must be:
      • New
      • Useful
      • Not obvious
  • 9. Patents are Exclusive
    • Infringers cannot:
      • Make
      • Use
      • Sell (or offer to sell)
      • Import
    • Last for 20 years from filing date
  • 10. Base Patent (ABCD)
    • Frisbee
  • 11. Improved Patent (ABCD+E)
    • Lighted Rotating Flying Body
  • 12. Why Obtain Patents?
    • A. Exclusivity in the marketplace
    • B. Revenue from licensing
    • C. Access to other IP/markets via cross-licensing
    • D. All of the above
  • 13. Parts of a Patent Application
    • Written description
    • Drawing(s)
    • Claim(s)
  • 14. Provisional Patent Applications
    • No claims needed
    • Not examined
      • “ Option to buy“ a utility application in one year
    • Useful for:
      • Rush filings or when disclosure is imminent
      • When the funds for a full utility application can be better used for something else
  • 15. Patent Coverage
    • Territorial
      • Patents cover only the region/country they are issued in.
      • First to invent in the U.S.
    • Foreign countries:
      • First to file
      • “ Absolute novelty“
    • International/Regional filing:
      • Less up front costs
      • Potential cost savings with less prosecution in individual countries
  • 16. Good Patent Practices
    • Keep Records:
      • Conception date and details
      • Reduction to practice date and details
      • Diligence until filing patent application
    • Preserve U.S. and foreign filing rights by:
      • Early filing of a U.S. application
      • Maintaining work in confidence until U.S. application is filed
      • Binding nondisclosure agreements
  • 17. Questions? Adam L.K. Philipp [email_address]

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