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Editor's Corner: IP Management in New Companies
In the course of performing due diligence investigations on new technology companies (usually within the context of a potential venture capital investment), an attorney may uncover a number of common mistakes related to such companies' management of their intellectual property. When these mistakes are serious enough, discovery of them can jeopardize the investment, lower the company's or the asset's valuation, or allow the venture capitalist to extract other concessions. Given the current scarcity of venture funding, new companies cannot afford to take risks with the most significant asset they might possess ' especially where such risk is purely as a result of mismanagement. Accordingly, these mistakes are important from the perspective of both the technology companies and their potential venture capitalists ' as well as their respective counsel. The article below captures 10 of the most common intellectual property management mistakes made by new companies.
In the course of performing due diligence investigations on new technology companies (usually within the context of a potential venture capital investment), an attorney may uncover a number of common mistakes related to such companies' management of their intellectual property. When these mistakes are serious enough, discovery of them can jeopardize the investment, lower the company's or the asset's valuation, or allow the venture capitalist to extract other concessions. Given the current scarcity of venture funding, new companies cannot afford to take risks with the most significant asset they might possess ' especially where such risk is purely as a result of mismanagement. Accordingly, these mistakes are important from the perspective of both the technology companies and their potential venture capitalists ' as well as their respective counsel. The article below captures 10 of the most common intellectual property management mistakes made by new companies.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.