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Constructing the proper IP license agreement

Licensing of any bit of intellectual property is not usually a matter of just drawing up a document and signing on the dotted line. Those with skill in this area of law know that coordinating across all the elements of IP law – patents, trademarks, and copyrights – requires special choreography. The presumption behind all these facets is that they deal with unique creative elements and any transaction undertaken to bundle things together is unique as well.

You’ve invented a creative new product. Now what?

A lot of hard work and thought go into inventing new products. However, it is important for inventors to remember that there is still much work to be done after coming up with a new invention if they hope to get income streams from it. Simply inventing a cool and creative product doesn’t guarantee the product will yield financial benefits.

What is the one-year bar?

Introducing a new invention to the public can be a very exciting moment for an inventor. It can also be a very impactful moment from a legal perspective. This is particularly the case if the inventor is thinking about pursuing a patent for the invention. A public disclosure of an invention starts the clock on a major deadline when it comes to patents.

Intellectual property preparations can be important when starting a side business

Starting a new business doesn’t always involve immediately throwing off one’s old job and bringing up the business to full-scale right away. Some aspiring entrepreneurs opt to start things off on a smaller scale. For example, some keep their current job and start a business on the side.

When an inventor receives USPTO letters regarding a patent application

Given the complexity of patent applications and the great amount of effort preparing one can involve, an inventor may feel a great deal of relief once their application is filed. However, it is important for them to remember their work isn’t over yet. Once a patent application is filed, there remain some very impactful steps in the patent process. This includes responding to correspondence sent by the U.S. Patent and Trademark Office in connection to the application.

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