For many artists, part of the intention for a piece of art is to live beyond its creator. Similarly, inventors and business owners are likely hoping to leave behind some kind of legacy. Yet, surprisingly, many neglect to make a posthumous plan for their works – intellectual property assets need be managed as much as financial, real estate, and physical properties. Perhaps the hesitation to act comes from uncertainty about what to do. To help […]Continue Reading
Quantifying the Financial Value of Intellectual Property Assets
What is the value of your company’s trademarks? What about the patents or copyrights you hold? Is the value of those intangible assets reflected anywhere on the company balance sheets? Trademarks, patents, and copyrights are often used as collateral for loans that companies obtain from banks. Merger and acquisition (M&A) agreements, if done correctly, include inventories of IP assets (both registered and unregistered) because those intangible assets bring value to the sale of the business. […]Continue Reading
Avoid Common Legal Pitfalls of Start-up Businesses
You have a vision for a product or service. So, you create a start-up business and start plowing ahead, ready to make that vision a reality. But did you take a moment to stop and protect your vision? You cannot protect an idea itself, but there are many important ways you should safeguard confidential information related to your start-up. Ask recipients to sign a non-disclosure agreement (NDA) before sharing sensitive information. Mark communication and documents […]Continue Reading
IP 101: Are Your Intellectual Property Assets Protected?
Cover Your Assets: Identify and Protect your Business’ Intellectual Property Original Article Posted on the Marks Gray Blog – Tuesday, June 28, 2016 Written by Crystal T. Broughan, Intellectual Property Attorney and Shareholder at Marks Gray, P.A. Do you have an inventory of your company’s intellectual property (IP) assets? Do you even know what is considered an Intellectual Property asset? Intellectual Property is everywhere in the world of business and business owners should make sure […]Continue Reading