StartPad Countdown 3 - (Patent Pending)

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

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StartPad Countdown 3 - (Patent Pending)

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

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