IP Presentation Highland Capital Partners Roundtable Steven J. Frank, Partner Goodwin Procter August 2, 2007   © 2007 Good...
About Goodwin Procter <ul><li>Over 750 attorneys in Boston, Los Angeles, New York, Palo Alto, San Diego, San Francisco, Wa...
Rankings & Recognition <ul><li>NATIONAL RECOGNITION  in Chambers 2007 in the areas of Intellectual Property, Litigation, F...
Representative IP Clients
The Basics <ul><li>What is IP </li></ul><ul><li>and </li></ul><ul><li>Why do I care? </li></ul>
Protection mechanisms for technology <ul><li>Patents </li></ul><ul><li>Protect </li></ul><ul><ul><li>Machines </li></ul></...
Protection mechanisms for technology (cont’d) <ul><li>Copyright </li></ul><ul><li>Protects </li></ul><ul><ul><li>Lots of s...
Protection mechanisms for technology (cont’d) <ul><li>Trade Secrets </li></ul><ul><li>Courts help those who help themselve...
The Basics of Patents <ul><li>Must be something inventive (relatively high bar) and useful (relatively low bar) </li></ul>...
Why Does Anyone Care? <ul><li>Wall out Competitors </li></ul><ul><li>Defense </li></ul><ul><li>Potential Income </li></ul>...
Avoiding Common Pitfalls <ul><li>Work on your own time and equipment </li></ul><ul><li>Understand your current obligations...
Provisional Full Patent  Application and (maybe) International (PCT) Application Non-Public Disclosure Tinkering Public Di...
Possible Changes <ul><li>Accelerated Examination </li></ul><ul><li>Peer Review </li></ul><ul><li>Post-Grant Opposition </l...
IP Presentation Highland Capital Partners Roundtable Steven J. Frank, Partner Goodwin Procter August 2, 2007   © 2007 Good...
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Frank Ip Slides For Highland

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Frank Ip Slides For Highland

  1. 1. IP Presentation Highland Capital Partners Roundtable Steven J. Frank, Partner Goodwin Procter August 2, 2007 © 2007 Goodwin Procter LLP
  2. 2. About Goodwin Procter <ul><li>Over 750 attorneys in Boston, Los Angeles, New York, Palo Alto, San Diego, San Francisco, Washington, D.C. </li></ul><ul><li>Nationally recognized expertise representing technology and life sciences companies, financial services companies, as well as private equity and venture capital firms </li></ul><ul><li>Nationally recognized expertise in intellectual property, products liability, FDA, commercial litigation, real estate and business law </li></ul>
  3. 3. Rankings & Recognition <ul><li>NATIONAL RECOGNITION in Chambers 2007 in the areas of Intellectual Property, Litigation, Financial Services, Life Sciences; Private Equity: Buyouts & Venture Capital Investment; and REITs </li></ul><ul><li>ONE OF THE TOP IP defense firms (IP Law & Business) </li></ul><ul><li>ONE OF THE TOP 10 firms for superior Client Service ( BTI Power Rankings ) </li></ul><ul><li>RANKED 2 ND IN THE NATION in technology support among the AmLaw 200 (American Lawyer Tech Scorecard) </li></ul><ul><li>Ranked in the GUIDE TO THE WORLD’S LEADING EXPERTS in Trademark Law and The Top 50 Trademark Attorneys </li></ul>
  4. 4. Representative IP Clients
  5. 5. The Basics <ul><li>What is IP </li></ul><ul><li>and </li></ul><ul><li>Why do I care? </li></ul>
  6. 6. Protection mechanisms for technology <ul><li>Patents </li></ul><ul><li>Protect </li></ul><ul><ul><li>Machines </li></ul></ul><ul><ul><li>Processes </li></ul></ul><ul><ul><li>Chemical compositions </li></ul></ul><ul><ul><li>… almost anything you can think of </li></ul></ul><ul><li>Independent development is no defense to infringement </li></ul>
  7. 7. Protection mechanisms for technology (cont’d) <ul><li>Copyright </li></ul><ul><li>Protects </li></ul><ul><ul><li>Lots of stuff, but in terms of technology, primary relevance is software </li></ul></ul><ul><li>Limitations </li></ul><ul><ul><li>Narrowly applied </li></ul></ul><ul><ul><li>Doesn’t exclude independent development </li></ul></ul>
  8. 8. Protection mechanisms for technology (cont’d) <ul><li>Trade Secrets </li></ul><ul><li>Courts help those who help themselves </li></ul><ul><ul><li>Need to take steps to maintain secrecy </li></ul></ul><ul><ul><li>Courts are concerned with unfair competition, not technology protection </li></ul></ul><ul><li>Independent development, reverse engineering defeat trade secrets </li></ul><ul><ul><li>Once the cat is out of the bag ... </li></ul></ul>
  9. 9. The Basics of Patents <ul><li>Must be something inventive (relatively high bar) and useful (relatively low bar) </li></ul><ul><li>Must not have been publicly disclosed more than one year ago (for US patents) </li></ul><ul><li>Who is the inventor? </li></ul><ul><li>A patent does not guarantee that you can actually practice the invention </li></ul><ul><li>Will take a long time (~4 years) and cost a lot of money (~$15,000) </li></ul>
  10. 10. Why Does Anyone Care? <ul><li>Wall out Competitors </li></ul><ul><li>Defense </li></ul><ul><li>Potential Income </li></ul><ul><li>Value on Exit </li></ul><ul><li>Credibility to Investors </li></ul><ul><li>Articulated Description of Market Differentiation </li></ul>
  11. 11. Avoiding Common Pitfalls <ul><li>Work on your own time and equipment </li></ul><ul><li>Understand your current obligations </li></ul><ul><li>Document contributions from others </li></ul><ul><li>Document code provenance </li></ul><ul><li>Get assignments </li></ul><ul><li>File something before you launch (provisionals) </li></ul><ul><li>Do some searching </li></ul><ul><li>Focus on the product, not patents </li></ul>
  12. 12. Provisional Full Patent Application and (maybe) International (PCT) Application Non-Public Disclosure Tinkering Public Disclosure “ Patent Pending” 1 Year Foreign Patent Filings 18 Months <ul><li>Provisionals generally cost between $1,000 and $5,000 </li></ul><ul><li>Full applications generally cost between $8,000 and $15,000 </li></ul><ul><li>Strive for high reuse between provisional and full application </li></ul><ul><li>PCT applications cost approximately $4-5,000 – almost all official fees </li></ul><ul><li>Foreign applications cost between $3,000 (AU, CA) and $15,000 (EP and Japan) </li></ul><ul><li>One well-drafted application can often lead to numerous issued patents </li></ul>
  13. 13. Possible Changes <ul><li>Accelerated Examination </li></ul><ul><li>Peer Review </li></ul><ul><li>Post-Grant Opposition </li></ul><ul><li>Changes to Continuation Practice </li></ul><ul><li>First-to-file </li></ul>
  14. 14. IP Presentation Highland Capital Partners Roundtable Steven J. Frank, Partner Goodwin Procter August 2, 2007 © 2007 Goodwin Procter LLP

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