1. SIA SNOW SHOW 2017
“DEFINING YOUR LINE”
IP CONSIDERATIONS AND STRATEGIES
FOR SMALL TO MEDIUM SIZED
COMPANIES
Pete Malen Jr.
Workman Nydegger PC (wnlaw.com)
Salt Lake City, UT
(this is not legal advice; opinions are those of the author alone)
2. MYTHS AND MISCONCEPTIONS
ABOUT INTELLECTUAL PROPERTY (IP)
We don’t
have any IP.
Our
company is
small, we
don’t need
IP.
IP is too
expensive.
It’s not that
important.
We can wait
until later.
It takes too
much time.
It’s easy to
get around
someone’s
IP.
IP is not that
complicated, I
can do it
myself.
3. MYTH #1 - WE DON’T HAVE ANY IP
You MAY have IP if you have…
Brands
Product shapes and configurations
Product designs
Product packaging
Manufacturing methods and processes
Website
Social media
Other content
4. MYTH #2 – OUR COMPANY IS TOO SMALL
What matters is NOT the size of the company, but the work
that you do…
Design
Production
Marketing
Sales
5. MYTH #3 – IP PROTECTION IS TOO EXPENSIVE
Many types of IP protection are NOT
particularly expensive, but still offer the
possibility of valuable protection.
Trademarks/service marks (Nike swoosh)
Copyrights (poster)
Trade dress (7-11 color scheme)
Trade secrets (Coke formula)
Design patent (ski shape)
7. MYTH #4 – IP PROTECTION IS NOT IMPORTANT
Protecting your IP can help preserve your
investments in technology, marketing,
content, and brand development
Trademark/service mark registration
Copyright
Trade dress
Design patent
8. MYTH #5 – IP PROTECTION CAN WAIT
IP protection is often granted based on
priority, i.e., who filed first for protection
The US and most foreign countries are
‘first to file’ jurisdictions
Between two applicants for protection
of the same invention, the patent – if
granted – is awarded to whoever filed
first
Also true with trademarks, though to a
different extent.
So, better to file earlier than later!
9. MYTH #6 – LEGAL ISSUES TAKE UP TOO MUCH TIME
It’s generally faster/easier/cheaper to
avoid mistake$, than to fix mistakes
Make the initial time investment early on
to help avoid mistakes that can take up
your time and $$ later
Your IP attorney can help to minimize your
time spent on legal matters, so you can
focus on your business
10. MYTH #7 – IP PROTECTION IS EASY TO GET AROUND
Your IP rights can provide significant
barriers to competitors if those rights are
well-protected – this is where your IP
attorney comes in…
1. Awareness
2. Diligence
3. Willingness
11. MYTH #8 – IP IS NOT THAT COMPLICATED – I
CAN HANDLE IT MYSELF
Pitfalls
Too late and/or too expensive to fix
mistakes
Wrong strategy can limit your scope of
IP protection
You can save time and $ by
performing surgery on yourself,
but would you?!
13. OTHER USEFUL, AND INEXPENSIVE, THINGS YOU
CAN DO TO HELP PROTECT YOUR IP…
Employment agreements
Web/content developer agreements
Confidentiality agreements
Trademark watches
Periodic review of your
technology/branding/design developments
Keep an eye on the competition
14. WHAT IF I IGNORE MY IP AND DON’T DO ANY OF
THESE THINGS…?
TM infringement/dilution/confusion
May have to change your TM/brand if
others have superior rights
Design & copyright infringement –
others may copy your designs and
content
Disclosure of your trade secrets to
competitors
Loss of market share
Loss of revenue
Loss of reputation