Showing 56 posts in Intellectual Property.
Trade Secrets: The Big Thing for Tech Companies
What do Google and WD-40 have in common? They can both attribute their continued success to trade secrets. It may be relatively easy to build a search engine or an aerosol can that sprays lubricant, but it is practically impossible to replicate the success of Google and WD-40. The two companies do not have patents on their products, precisely because that would require public disclosure of how to produce the product that has made them so successful. The benefit of a trade secret is that it continues in perpetuity. Coca-Cola's trade secret for its formula is over 120 years old. If Coke had decided to patent its formula instead, the patent would have expired over a century ago and the company would not be the giant it is today.
In order to qualify as a "trade secret," the information must have economic value and must be kept confidential by the company. This can be done through legal documents, compartmentalizing information, physical and digital security, and enforcement actions against leakers of information. Tech companies should consider the use of trade secrets if a product is one that is not easy to develop independently. Software code and chemical formulas are two prime candidates. Importantly, trade secrets are governed by state law, which can vary as to confidentiality requirements. Read More ›
Categories: Intellectual Property, Patents, Trade Secrets
Share
Design Patents
It is time that we talk about design patents. Generally, when I mention design patents to potential clients, they invariably protest that they have an “invention” and not a “design.” However, most “inventions” at least contain ornamental elements that have the potential for design infringement in the marketplace. In those cases, pursuing a design patent, by itself or in combination with a utility application, can be an effective and affordable way to secure valuable intellectual property protection.
To help you decide if a design patent might be right for you, I have devoted this post to answering the most common questions I get regarding design patents. Read More ›
Categories: Intellectual Property, Patents
Beware of the Statutory Bars
So you had one of those “Eureka!” moments a while ago and your epiphany is going to make millions as soon as it hits the shelves. This blog is about making sure you don’t lose your right to patent that million dollar idea by waiting too long to file a patent application.
Generally, an invention can only be patented if a patent application is filed within one year of the invention's first disclosure. A public disclosure can take the form of: 1) a publication, 2) a public use, or 3) an offer for sale. In the patent world, these events are called the statutory bars because they bar you from filing a patent on the idea if one year has elapsed since the event. Read More ›
Categories: Intellectual Property, Patents
Why do I have to mark my product with the patent number?
We have all seen patent numbers marked on all kinds of products. In fact as I sit and write this article I can report that there are several items in my office with patent markings including my hole punch, stapler, Dictaphone and the insoles in my shoes.
So why is that? There has got to be a reason, right?
The reason is that if products are not appropriately marked before they enter the stream of commerce, the damages that the manufacturer can receive in a patent infringement action against someone that has copied that product are reduced. 35 USC ยง287(a) provides: Read More ›
Categories: Intellectual Property, Patents
Trade Secret Theft: Speed Date Sues Match.com for $6 million
Speed Date USA, Inc. is suing the online dating company Match.com for $5.65 million for allegedly breaching its contract and misappropriating trade secrets. In essence, the lawsuit claims that Match.com terminated the contract early and then breached its obligations to hold joint events. Match.com terminated the contract, according to the lawsuit, upon learning Speed Date's trade secrets. Match.com then allegedly began to run its own speed dating events without compensating Speed Date USA.
Trade secrets are commonly defined by state statues and generally consist of four elements for the information to constitute a trade secret. The elements of a trade secret are: (i) information; (ii) that has independent economic value; (iii) which is not generally known or readily available; and (iv) such information is subject to reasonable efforts to maintain its secrecy. Read More ›
Categories: E-Commerce, Intellectual Property, Trade Secrets
Why Can't I Plant My Own Seeds?
Among the many recent Supreme Court decisions, one decision regarding patents and self-replicating technology has a huge effect on farmers and the agricultural industry.
Monsanto is an agriculture company headquartered in St. Louis, Missouri. Specifically, Monsanto genetically engineers seeds to yield herbicide-resistant plants that produce higher yields for farmers. One of its more popular products is its "Roundup-Ready" line of soybeans, which has been planted in over 50 million acres to date. The seed is attractive to farmers because it is herbicide-resistant. Monsanto was recently challenged on its Roundup-Ready product patent ›
Categories: Intellectual Property, Patents
Is the End Near for Patent Trolls? Vermont Passes New Law Targeting Patent Trolls
Patent-trolling is a growing nuisance for business owners, particularly start-ups. Patent trolls will buy numerous patents – or buy struggling businesses just for the patents – for the sole use of threatening infringement claims on businesses. Most of the time, the threats are unfounded and rarely state which patents are being violated or how the target's use of that patent amounts to infringement.
Vermont has passed a new law that targets these patent trolls and allows their targets to pursue lawsuits against them. The law allows for a cause of action against "bad faith assertions of patent infringements," but does not define what this phrase means. Instead, it provides the courts a list of characteristics to consider when determining if an infringement assertion was made in bad faith. Read More ›
Categories: Intellectual Property, Patents
Did Newegg Save Online Retail?
In 2007, Newegg adopted a strategy to deal with patent trolls: Never settle – ever.
One of the first times it applied this new strategy was against Soverain Software. While Soverain's website appears legitimate, it has never made a sale. Instead, it targets large, online retailers that use shopping cart checkout technology. Soverain claimed that through two patents, numbers 5,715,314 and 5,909,492, it owned the "shopping carts" present in nearly every online retailer's website. Read More ›
Categories: Intellectual Property, Patents
XG Sciences Announces New Battery Anode with Four Times the Capacity of Conventional Materials
Lansing-based XG Sciences, Inc. has launched a new generation of anode materials for lithium-ion batteries with four times the capacity of conventional anodes. The new anode material is produced through proprietary manufacturing processes and uses XG’s xGnP® grapheme nanoplatelets to stabilize silicon particles in a nano-engineered composite structure. The material displays dramatically improved charge storage capacity with good cycle life and high efficiencies.
This is great news for applications like smartphones, tablet computers, and other products that use rechargeable lithium-ion batteries. XG is working with battery makers to translate this exciting new technology into batteries with longer run-time, faster charging capabilities, and smaller sizes.
Click here for more information about this exciting development.
Categories: Intellectual Property, Trade Secrets
Your Garage Sale could be at risk
It might be illegal to sell those treasures.
The excitement of the hunt for the perfect item at the flea market or the thrill of selling your relative’s antique lamp at a great price could soon be dimmed by the Supreme Court of the United States. Read More ›
Categories: Copyright, Intellectual Property
Categories
- Technology
- Hospitals
- Retirement
- Entity Planning
- Billing/Payment
- Lawsuit
- Corporate Transparency Act (CTA)
- Legislative Updates
- Licensing
- Domain Name Registration
- Contracts
- Startup
- Employee Benefits
- Social Media
- Privacy
- Did you Know?
- Trade Secrets
- Digital Assets
- Chapter 11
- News
- Trademarks
- Artificial Intelligence (AI)
- Personal Publicity Rights
- Crowdfunding
- Cybersecurity
- Patents
- Employment
- Regulations
- IT Contracts
- Cloud Computing
- Alerts and Updates
- Sales/Disputes
- Sales Tax
- Venture Capital/Funding
- Insurance
- Mergers & Acquisitions
- Distribution
- E-Commerce
- Tax
- Entity Selection, Organization & Planning
- Electronic Health Records
- Labor Relations
- Tax Disputes
- Liability
- Fraud & Abuse
- Criminal
- Department of Labor
- Inspirational
- Compliance
- Intellectual Property
- Hospice
- Financing
- HIPAA
- Copyright