Critical IP Issues for Startup (Venture Fast Track)
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Critical IP Issues for Startup (Venture Fast Track)

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Part of the all day Venture Fast Track: http://www.thecapitalnetwork.org/programs/venture-fast-track/ ...

Part of the all day Venture Fast Track: http://www.thecapitalnetwork.org/programs/venture-fast-track/
Critical IP Issues for Startups

Entrepreneurs build their businesses, their competitive advantage, and their long-term defensibility around a core of intellectual property. For some entrepreneurs, that will mean a patent portfolio. For many others, however, it will mean a sticky web of trademarks, trade dress rights, copyright, know-how, trade secrets, contractual exclusivity and non-disclosure agreements. Our experts will help entrepreneurs untangle common and critical intellectual property issues to help them with business planning and with explaining the investment proposition and risks to investors.
Experts:
- Paul Cronin – Nutter, McClennen & Fish
- Heather Repicky – Nutter, McClennen & Fish
-Chuck Toye - Cognitive Electronics
-Mac Dougherty - Cognitive Electronics

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Critical IP Issues for Startup (Venture Fast Track) Critical IP Issues for Startup (Venture Fast Track) Presentation Transcript

  • Critical IP Issues for Startups Paul Cronin, Nutter McClennen & Fish LLP Heather B. Repicky, Nutter McClennen & Fish LLP Mac Dougherty, Cognitive Electronics Chuck Toye, Cognitive Electronics Nutter McClennen & Fish LLP Seaport West 155 Seaport Boulevard Boston, Massachusetts 02210 Telephone 617.439.2000 www.nutter.com October 24, 2013
  • INTELLECTUAL PROPERTY Your IP Strategy Should Identify: •  Offensive uses of IP – How will you create barriers to entry that keep competitors behind you •  Defensive uses of IP – How will you keep control of the important aspects of your business •  IP assets – How can you build value using your IP portfolio •  IP liabilities – How will you avoid the potholes Nutter McClennen & Fish LLP • www.nutter.com 2
  • INTELLECTUAL PROPERTY Marketplace & Competitors Short Term Business Goals $ Timing Long Term Business Goals Technical Need Nutter McClennen & Fish LLP • www.nutter.com 3
  • INTELLECTUAL PROPERTY •  Patents •  Trademarks/Trade Dress •  Copyrights •  Trade Secrets •  Employment Agreements & NDAs* Nutter McClennen & Fish LLP • www.nutter.com 4
  • PATENTS Whoever invents or discovers any new and useful process, machine, manufacture or composition of matter, or any new and useful improvement thereof, may obtain a patent . . . . ” Nutter McClennen & Fish LLP • www.nutter.com 5
  • PATENTS 4 Basic Patent Issues Will Immediately Come Into Play As You Are Developing Your IP Strategy •  •  •  •  •  First-to-file system 20 year term On-sale/Public disclosure bar Territorial rights $ Nutter McClennen & Fish LLP • www.nutter.com 6
  • TRADEMARKS AND SERVICE MARKS •  Definition: word, phrase, symbol, or design that is used to identify the source of goods/services and to distinguish them from others Nutter McClennen & Fish LLP • www.nutter.com 7
  • TRADEMARKS AND SERVICE MARKS 3 QuickTips Relevant To Trademark Issues: •  Think about developing a brand •  Clear your mark •  Consider filing for trademark registration, even if you have not begun using the mark Nutter McClennen & Fish LLP • www.nutter.com 8
  • COPYRIGHTS Copyrights are not just relevant to painters and novelists. •  Requirements: Original work of author •  Ownership: Author, unless work made for hire •  Open Source Issues Nutter McClennen & Fish LLP • www.nutter.com 9
  • TRADE SECRETS •  Definition: (1) Information that derives an economic value and is not readily ascertainable and (2) reasonable effort is made to maintain secrecy Nutter McClennen & Fish LLP • www.nutter.com 10
  • EMPLOYMENT AGREEMENTS & NDAs •  •  •  •  Ownership of IP Non-competition Agreements (jurisdictional) Use of NDAs with vendors/suppliers Spend time coming up with a description that doesn’t reveal your trade secrets but shows the company value Nutter McClennen & Fish LLP • www.nutter.com 11
  • Nutter McClennen & Fish LLP • www.nutter.com 12
  • Nutter McClennen & Fish LLP • www.nutter.com 13
  • Nutter McClennen & Fish LLP • www.nutter.com 14
  • Top Of Mind Issues •  Ownership of IP •  Protecting your trade secrets •  NDAs and the Pitfalls of Disclosure By Third Parties •  Provisional Patent Applications •  Copyright Licensing Issues Nutter McClennen & Fish LLP • www.nutter.com 15
  • Questions? Nutter McClennen & Fish LLP • www.nutter.com 16
  • THANK YOU Nutter McClennen & Fish LLP • www.nutter.com 17