1. 10 Summary Legal Formation and Intellectual Property
When one door closes, another door opens; but we often look so long and so regretfully upon the closed door that we do not see the ones which open for us.
Alexander Graham Bell
Summary
What early decisions should an entrepreneur make about legal and intellectual property issues?
The choice of a legal form, name, logo, and other formal elements are critical to a successful future.
Chapter 10: Summary
Technology Ventures: From Idea to Enterprise

2. 10 Legal Formation and Intellectual Property Chapter 10: Figure 10.1
Technology Ventures: From Idea to Enterprise

3. 10 Legal Formation and Intellectual Property Chapter 10: Table 10.2
Technology Ventures: From Idea to Enterprise

4. 10 Legal Formation and Intellectual Property Company Name: Memorable
Related to the product
Attractive
Chapter 10: concept
Technology Ventures: From Idea to Enterprise

5. 10 Legal Formation and Intellectual Property
Your team is planning for a new short distance, regional, low cost airline. Choose a legal form and a company name that fits your plan.
Chapter 10: Exercise
Technology Ventures: From Idea to Enterprise

6. 10 Legal Formation and Intellectual Property
A patent grants inventors the right to exclude others from making, using, or selling their invention for a limited period of time.
Utility patents are issued for the protection of new, useful, non-obvious, and adequately specified processes, machines, and manufacturing processes for a period of 17 years.
Chapter 10: concept
Technology Ventures: From Idea to Enterprise

7. 10 Legal Formation and Intellectual Property
Design patents are issued for new original, ornamental, and non-obvious designs for articles of manufacture for a period of 14 years.
Plant patents are issued for a term of 17 years for certain new varieties of plants that have been asexually reproduced.
A business method patent is actually a type of a utility patent and involves the creation and ownership of a process or method.
Chapter 10: concept continued
Technology Ventures: From Idea to Enterprise

8. 10 Legal Formation and Intellectual Property
Chapter 10: Table 10.5 (Fenwick & West LLP, R.P. Patel)
Technology Ventures: From Idea to Enterprise

9. 10 Legal Formation and Intellectual Property
A trademark is any distinctive word, name, symbol, slogan, shape, sound, or logo that identifies the source of a product or service.
A copyright is a right of an author to prevent others from printing, copying, or publishing any of his or her original works.
Chapter 10: concept
Technology Ventures: From Idea to Enterprise

10. 10 Legal Formation and Intellectual Property
Licensing is a contractual method of exploiting intellectual property by transferring rights to other firms without a transfer of ownership.
Chapter 10: concept
Technology Ventures: From Idea to Enterprise

11. 10 Legal Formation and Intellectual Property Chapter 10: Table 10.7
Technology Ventures: From Idea to Enterprise

12. 10 Legal Formation and Intellectual Property
The name, logo, and intellectual property of a new venture can provide a proprietary advantage leading to a temporary monopoly in the marketplace.
Chapter 10: Principle
Technology Ventures: From Idea to Enterprise

13. 10 Legal Formation and Intellectual Property
Your research and development team has one member who has devised a new method of making photovoltaic solar panels at a significantly lower cost than existing methods.
Discuss the idea of using patents vs. trade secrets for this new method. The potential for this new technology is great. Describe your strategy for protecting the intellectual property.
Chapter 10: Exercise
Technology Ventures: From Idea to Enterprise

14. 10 VENTURE CHALLENGE Legal Formation and Intellectual Property
Describe the venture’s legal form and provide its company name.
Go to the State of Delaware’s website ( and download the “How to Incorporate” packet. Determine what type of incorporation best fits your venture and fill out the appropriate form(s).
Create a company logo.
What are the key elements of the intellectual property of your firm?
Chapter 10: Venture Challenge
Technology Ventures: From Idea to Enterprise

15. 10 DVD Video Legal Formation and Intellectual Property
“The Sarbanes-Oxley Act”
Karen Richardson (E.piphany)
Chapter 10: DVD Video
Technology Ventures: From Idea to Enterprise