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A lack of time and resources often undermines the value of small and medium enterprise ('SME') and individual inventor owned patents. By placing attention and energy on their intellectual property as they do on product development, companies can dramatically increase the value derived from their IP and greatly enhance their overall success.
Strong intellectual property and wise management of it are a prerequisite for success in today's knowledge-based economy. With more than 80% of most companies' net value consisting of intangible assets, of which patents are the most notable, careful attention to developing and nurturing these valuable assets is critical. While much has been written about the trapped value of intangible assets in the Fortune 500, the same if not greater entrapment occurs in small and medium sized companies because many SMEs lack the resources to properly exploit IP. Indeed, patents are not just the domain of large companies. Small companies typically generate significantly more patents per employee than large businesses and represent 20%-30% of all active high technology U.S. patents.
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.
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
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.