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Conducting a search for competitor patents prior to committing to a substantial investment in a product can minimize wasted time and money associated with product takedown proceedings and lawsuits by providing the seller an opportunity to design around identified patents. on Amazon or elsewhere) or otherwise publicizing the product.
Point of View 1: Patent Trolls do not Hurt Innovation. According to this viewpoint, patent trolls give way for further innovation. Patent trolls often conduct through IP DueDiligence to acquire high-quality patents capable of exponential monetization.
The various forms of intellectualproperty are already well known- trademarks, patents, copyrights, industrial designs, trade secrets, domain names and geographical indications. Therefore, it also functions as a risk management tool by revealing sensitive information with regard to the concerned intellectualproperty.
Investors and potential buyers often assess the IP portfolio of an emerging company as part of their duediligence process. Instead, approach your alma mater’s law clinics and ask them if they’ll help you get started with the duediligence for a trademark (for a patent, it’s advisable to work with a patent attorney).
Sara’s IP litigation experience includes both patent litigation and trade secret misappropriation litigation, which often also include various associated breach of contract and business torts. from the University of Georgia School of Law and was the senior notes editor of the Journal of IntellectualPropertyLaw.
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