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Intellectual Property: Currency of the New Economy
As Peter Drucker predicted, so has it come to pass; the new economy companies that proliferate in the United States and across the Group of 8 ('G8') countries are predominantly fueled by human capital, and enterprises participating in advanced economies are service-based and knowledge-driven.
The knowledge resident in our people that manifests itself in codified (patents, trademarks, and copyrights) and non-codified (know-how, trade secrets) intellectual capital is the single most significant source of value in the new economy. When codified, intellectual capital is transformed into intellectual property ('IP'), which conveys an ownership right in inventions that quite often serve as the foundation upon which entire businesses are built.
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
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.