Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
How a Vet-Owned AI Company Safeguarded Its IP
Military-owned businesses often possess unique technological advantages derived from years of research, development, and practical application. These innovations, ranging from advanced materials to sophisticated software, can be valuable assets in the commercial marketplace. Understandably, effectively protecting these assets is critical to success in any business. But what steps should an entrepreneur take to protect their idea, and how does the patent process work?
One veteran-owned company’s journey — combined with a patent attorney’s experience preparing and filing patent applications — provides valuable insight into what veterans should do to safeguard their intellectual property.
What Are Patents and How Do They Work?
Patents protect inventions. Each patent generally represents a bargained-for-exchange in which one or more inventors publicly disclose an invention to receive an enforceable right to exclude others from practicing the invention for a limited time. For example, non-inventors may be excluded from manufacturing, using, importing, selling, or offering to sell an invention protected by a patent. As part of that exchange, the invention enters the public domain and becomes available for anyone to use once the patent expires, which is generally 20 years from the date of filing the corresponding application.
Patents are territorial. That is, the right to exclude others from practicing an invention protected by a patent is generally only enforceable within the boundaries of a country or region that sets the legal requirements for obtaining the patent.
Patents are granted by governmental agencies that a country or region tasks with reviewing patent applications for compliance with patentability requirements. In the United States, patents are granted by the United States Patent and Trademark Office (USPTO). Patent owners are responsible for enforcing patent rights — not the governmental agencies that grant patent rights.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Warehouse Liability: Know Before You Stow!
As consumers continue to shift purchasing and consumption habits in the aftermath of the pandemic, manufacturers are increasingly reliant on third-party logistics and warehousing to ensure their products timely reach the market.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?