01. DO I REALLY NEED AN IP LAWYER?
Consulting an intellectual property lawyer is critical for entrepreneurs and well-established businesses. โYour strategy needs to be creative and flexible,โ says John Palfrey, the author of Intellectual Property Strategy. โSometimes the best thing to do is to protect your IP rights very rigorously. Other times it may make sense to give something away.โ
02. PATENTS, COPYRIGHTS, TRADEMARKS, TRADE SECRETSโWHAT DO I NEED AND WHEN?
Simply put, patents protect inventions, copyrights protect creative works, trademarks are a word or symbol associated with a company or product, and a trade secret is information not privy to the public that provides a competitive edge.
03. WHAT IS YOUR BACKGROUND?
โHaving a lawyer with knowledge of your field can be extremely helpful in framing your applications successfully,โ Palfrey says. But if your attorneyโs area of expertise is too narrow, that can lead to conflicts of interest, according to Frank Bernstein, an IP attorney at Kenyon & Kenyon in Silicon Valley.
04. ARE YOUR REGISTERED WITH THE USPTO?
If you are seeking a patent, or pursuing litigation regarding one, you need a lawyer who is registered with the United States Patent and Trademark Organization. โTypically, to become registered, you also need a science or technology degree,โ says Angie Hankins, a partner specializing in IP at Stroock & Stroock & Lavan in New York.
05. HAVE YOU LITIGATED IN PATENT-HEAVY DISTRICTS?
Silicon Valley, East Texas, Delaware and New Jersey see particularly high numbers of patent applications each year, so a lawyer with experience in these districts can be essential. โIt is important to know the local rules,โ says Megan Olesek, a Kenyon & Kenyon partner. โHaving a knowledge of what the judges like and donโt like is also helpful.โ
06. I BELIEVE MY INTELLECTUAL PROPERTY HAS BEEN STOLEN. WHAT IS MY RECOURSE?
The first step is usually to inform the perpetrator that he/she/it is using your property unlawfully. A typical next step is to negotiate a license agreementโif youโre interested in licensing. If that process breaks down, you can file a civil lawsuit or even, under certain statutes, have the individual arrested. Of course, โitโs very difficult to protect rights that you havenโt secured,โ Palfrey says.
07. HOW CAN I LEVERAGE MY BUSINESSโ INTELLECTUAL PROPERTY TO ATTRACT INVESTORS?
Think of your intellectual property as an asset class. โInvestors want to make sure what theyโre investing in is fully protected,โ Hankins says.
08. CAN YOU DEFEND AGAINST PATENT TROLLS?
Non-practicing entities, or โpatent trolls,โ base their business on acquiring patents and slapping โoffendersโ with licensing fees and lawsuits. โThis has become a much larger proportion of the IP landscape,โ Olesek says.
09. DO I NEED TO PURSUE INTERNATIONAL PROTECTION?
โItโs crucial to ask this at the beginning of the process, because it can add a lot of cost and complexity to the equation, but is also incredibly important,โ says Palfrey.
10. DO YOU HAVE EXPERIENCE FILING BEFORE THE INTERNATIONAL TRADE COMMISSION?
Businesses or individuals with their IP protected in the U.S. can file a complaint with the ITC. โIf you believe an international product is infringing on your patent, one remedy is to stop those items at the border,โ Olesek says.
For more information, contact: John Palfrey, jpalfrey@law.harvard.edu, 617.496.5243; Frank Bernstein, Kenyon & Kenyon, fbernstein@kenyon.com, 408.975.7988; Angie Hankins, Stroock & Stroock & Lavan, ahankins@stroock.com, 212.806.5580; Megan Olesek, Kenyon & Kenyon, molesek@kenyon.com, 408.975.7952.
Question 4 originally incorrectly stated โIf you are seeking a patent or trademark, or pursuing litigation regarding either, you need a lawyer who is registered with the United States Patent and Trademark Organization.โ Registration with the USPTO is only required for patent litigation, not trademarks. A correction has been made.