Intellectual Property and Entrepreneurship Presented at IEEE/ComSoc, Boston Section June 2, 2011 George Jakobsche For additional information, see accompanying.

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Presentation transcript:

Intellectual Property and Entrepreneurship Presented at IEEE/ComSoc, Boston Section June 2, 2011 George Jakobsche For additional information, see accompanying documents “IP Terms Glossary” and “Patent Basics”

2 Intellectual Property (IP) Patent, Copyright, Trademark, Trade Secret Corporate asset  Need a long-term IP strategy  Use to meet business objectives  Need genuine buy-in from senior management  Make selective investments in IP ―Develop in-house ―Acquire outright ―License in as needed  Requires ongoing review and management ―Patent Committee

IP: A tool for achieving business goals Attract investment, increase share-holder value Provide market exclusivity, prevent second- sourcing, provide first-mover advantage Generate royalty, directly to the bottom line Recognize key contributors Deter suits by others Cross-license Form/join license alliance, ex. MPEG Provide other leverage, ex. DEC v. Intel

Trademark / Servicemark Protects: Mark that identifies source of good or service Requirement: Distinctive (not descriptive) Procedure: Examination w/r/t formalities & likelihood of confusion w/ prior marks Duration: While used in trade Marking: TM, SM or ® (optional) Work-around: Not confusingly similar Cost: $

Copyright Protects: Expression of an idea Requirement: Original (not necessarily novel) Procedure: Registration (optional) Duration: Author’s life + 70; certain works: lesser of Publication + 95 or Creation Marking: Copyright … or © … Work-around: Independent authorship, fair use Cost: ¢

Trade Secret Protects: Confidential information (data, formula, process, customer list, etc.) Requirements: Economic advantage + keep secret Procedure: (none) Duration: While requirements met Marking: Confidential … (optional) Work-around: Independent development; reverse engineering Cost: ¢

Patent Protects: Invention (apparatus, method, composition of matter) Requirements: New, useful, non-obvious Procedure: Examination w/r/t prior art Duration: 20 years from filing Marking: Patent or Pat. + patent number (required) Work-around: Avoid claim element(s) Cost: $$$

Invention An apparatus, method or composition of matter Defined (“claimed”) in a patent application as:  A combination of interconnected elements or  A combination of steps to be performed Examples:  Electronics, software, mechanics, image processing Patentability depends on novelty and non- obviousness of the structure, not the function, of the combination A patent application must teach how to make and use the invention Infringement: To make, use, sell, offer to sell or import a device that includes all elements recited in a claim, or a method that actually performs all steps recited in a claim

Patent Timeline

Patent Prosecution

Intellectual Property and Entrepreneurship George Jakobsche Sunstein Kann Murphy & Timbers LLP 125 Summer Street, Boston, MA