Protecting IP When Working With An International Team
Here’s the scenario, you’ve come up with a great idea and your team is full of rock stars, but one of the challenges is that your team is broken up and in different countries. Global teamwork in new venture creation is not an isolated situation anymore, with technology advancing so quickly today, working remotely from anywhere in the world is becoming a reality and has helped spawn some of the best companies to date. Phone calls and time differences are minor annoyances, but perhaps one of the most pressing issues is patent filing and IP...
read morePatent Reform Act – Why An Early Provisional Catches The Patent
Much has been written about the Leahy-Smith American Invents Act, but in terms of its effect on the average inventor, we still sense quite a bit of confusion. First and foremost, no one really knows what a law will amount to at the time it is passed. Laws are passed and lawsuits or patent challenges are mounted based on these laws, adjudicated, often appealed, and then adjudicated again. Through this process, we all learn, little by little, what the “patent reform” really means. Since some aspects of the law don’t go into effect...
read moreTrademark issued for “Patents and Prototypes”
InterCotinental IP would like to congratulate client and co founder of Inventing Profit, Joe Donoghue on his recent Trademark “Patents and Prototypes” that was issued by the United States Patent and Trademark Office . This trademark was issued on February 28th, 2012. You can view this Trademark and search other trademarks at the USPTO.
read moreInventing Profit – Season 2: Meet the Inventors
InterContinental IP just hosted the first videotaping session for Season 2 of Inventing Profit.. This segment, called Meet the Inventors, featured Inventing Profit’s two hosts, InterContinental IP’s Managing Attorney Eric Hanscom and Joe Donoghue, President of Leardon Solutions, interview seven inventors who were at various stages of the inventing process. While the videotaping session was something of a marathon (6 hours total, 7 inventors, 10 mentors and 6 plates of fish tacos), Pixelscope Productions, who did the video end of...
read moreThe Licensor Makes Out Best When…
I have found the licensor (you) makes out best when: 1. Minimum royalties or % of the gross, whichever is greater. That way you always get something, and if the licensee starts selling a ton of products, you don’t feel cheated because they are making so much more than you are. Also, try to get the minimum royalty up front, before the accounting period begins. 2. Quarterly royalty periods. Don’t let them pay you yearly as then the seasonal fluctuations will even out in the licensee’s favor. Also, if the licensee goes...
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