Does Your Oversight of IP Measure Up?
From the archives of IP Law & Business Magazine to the front page of the new IPLB.com website, this interesting article from late last year. Here's a snippet:
Failing to follow sound IP management practices can leave directors and officers liable for breach of loyalty and open to claims of corporate waste...
One classic situation in which director and officer liabilities could arise: A corporation has over time accumulated a substantial IP portfolio whether patents, trademarks, trade secrets, or copyright, and has effectively lost track of what it has. It has not considered how best to maintain or strengthen the protections for the IP, let alone how best to exploit it. The problem is not necessarily in (just) failing to take certain steps to protect the IP or to exploit it, but in the failure to be sufficiently informed to competently consider alternatives so that the decision to take action or not can be defended as one that was given due consideration. This is where sound IP management can enhance internal controls and reduce regulatory and litigation risk.
Read the article here on the new website for IP Law & Business.



