Updated: Mar 31, 2020
Company lawyers – including fractional-CLOs — provide a vital role in protecting and enhancing the value of a company, especially in the realm of intellectual property (IP). IP is not only necessary for day to day business success, IP is often a driving force in many stock and asset transactions, investment transactions, and bank financings.
Working as buy-side, seller-side, and investor counsel, I’ve seen how lack of proper IP procedures, assignment documentation, and solid IP business practices can delay or bring an otherwise healthy transaction to a halt. That’s why IP is usually one of the first places I start when advising companies on their growth strategies. From the handbook policies, employment agreements, severance agreements, bonus agreements, and day-to-day documentation of IP, it’s crucial to get it right.
One of the easiest and valuable processes to implement, if you haven’t already, is tracking IP using an Invention Disclosure Form. An Invention Disclosure Form is not only a good business practice, but it also helps to streamline the patent process – which means fewer attorneys’ fees.
If your company doesn’t have a template, download my Invention Disclosure Form. Please note, however, that every company situation is different, and this form is a general template.
As an experienced in-house counsel and registered patent attorney, I can assist in the creation, protection, and ultimately monetization of your intellectual property, one of the most valuable assets of your business. To learn more about my fractional Chief Legal Officer services, please contact me for a free consultation.