Articles Posted in Intellectual Property

AdobeStock_268338488-300x191California business owners know that social media marketing is the way to reach today’s consumers. Many businesses have sought to and built successful relationships with social media influencers for effective content creation. However, there are legal issues that can arise in such business relationships. The Los Angeles business lawyers at Structure Law Group can help you prevent problems in the following areas:

Written Contracts

Some influencers have pre-printed contracts that they use as a standard for all transactions while others expect the business owner to take the lead in drafting contract terms. In either event, it is imperative that business owners carefully consider all the legal implications of a commission/commissioned work or contractual relationship of this type. Many contractual relationship problems can be prevented with unambiguous terms written into an enforceable legal contract. Here is just a small list of the terms that should be considered when entering into this type of contractual relationship:

AdobeStock_476679934-300x200NFT’s are a popular new digital asset. Here in Silicon Valley, tech-savvy business owners want to be at the forefront of this cutting-edge technology. Like an asset, however, it is important to understand the product before investing in it or pouring resources into it for technical development of some new business venture. Poor investments can leave business owners to answer to disgruntled shareholders, investors, employees, customers, and even government regulators, including lawsuits, class action suits, and regulatory or administrative investigations and action. Learn more about NFT’S – and what your business needs to do to invest in them safely.

What Are NFT’s?

NFT stands for “non-fungible token.” An NFT is a unique piece of digital artwork that is sold online. As with cryptocurrency, NFT ownership is recorded in a digital ledger on the blockchain of some type. NFT’s can be resold. Because of this, an owner can capture appreciation by reselling the NFT’s. NFT’s can also be used for secondary transactions and capturing royalty related to a piece of art or subscription.

AdobeStock_148838608-300x200Costly litigation has caused many small companies to go out of business. Often, larger companies know this and try to bully a smaller company with the threat of litigation. Small business owners do not have to be overwhelmed by the threat of litigation. With an effective legal strategy, your business can implement policies and procedures that will drastically reduce the odds of litigation. Learn more about the different areas of litigation small business owners must be aware of – and how the experienced litigators at Structure Law Group can help protect your business from liability.

Employment Litigation

Employees can sue their employers for a variety of reasons. Federal and state laws protect employees from discrimination, harassment, and other prohibited activities in the workplace. Employees may also litigate contractual disputes. (This is particularly common in Silicon Valley, where employment agreements cover intellectual property, confidentiality agreements, stock options, and other complex legal issues.) Our lawyers protect employers by drafting comprehensive employment agreements. We also work to develop effective workplace policies that will reduce the chances of a lawsuit for discrimination, harassment, union-busting, or other prohibited workplace activities.

AdobeStock_243450386-300x214After the Securities and Exchange Commission (SEC) amended its “accredited investor” definition in August 2020, it amended its rules once again in November of the same year. In its latest rule amendments, the SEC increased the annual caps on equity crowdfunding and raised the maximum offering amounts for Reg A+ offerings and Rule 504 of Reg D offerings.

In November 2020, the SEC amended its rules to expand investment opportunities and promote capital formation while also strengthening protections for investors in the United States. Some of the most significant rule amendments included:

  • Amend the rules governing the integration of private and public offerings to permit concurrent private and public offerings;

AdobeStock_314925095-300x200For businesses in financial distress, the right path forward may mean choosing between a reorganization or a liquidation.  Businesses have a number of options available to them, each of which include their own benefits and drawbacks.  You should speak with a bankruptcy attorney before deciding which approach makes the most sense for your business.

If a reorganization is not feasible, one of the available options is an Assignment for the Benefit of Creditors — commonly referred to as an “ABC.”

In an ABC, the business assigns all of its assets and debts to an assignee.  The assignee — which is generally a company that specializes in such transactions — then liquidates the assets and distributes the proceeds to the business’s creditors.  The assignee has a fiduciary duty to the creditors to maximize the value of the business’s assets, and often may seek to sell the entire business as a going concern, or even continue to operate the business after the ABC has commenced.

AdobeStock_274449599-300x199Launching a startup is an exciting time for entrepreneurs. There are many people involved in many processes that could make or break your business. During this time, your intellectual property (IP) can be exposed to many different people and businesses. It is important to protect it from theft and unlicensed usage. At Structure Law Group, our experienced Silicon Valley startup attorneys know how to protect your legal interests in IP at all stages of business formation. Call 408-441-7500 to schedule your consultation with a lawyer.

The Reasons Entrepreneurs Don’t Protect Their Intellectual Property

Forbes recently reported on some of the most common reasons entrepreneurs fail to protect their property:

AdobeStock_121073632-300x200Intellectual property, defined as “any product of the human intellect that the law protects from unauthorized use by others,” isn’t a modern concept. In fact, the United States Constitution, through the “Intellectual Property Clause,” protects the intellectual property rights of authors and inventors in the arts and sciences. It is from this clause that federal intellectual property law, including trademark, copyright, and patent protections, are derived.  A unique product of human intellect can be the basis of a copyright, trademark, or patent.

Categories of Intellectual Property

As is clear from the definition of intellectual property (“IP”), the law doesn’t protect all products of human intellect. Instead, federal and/or state laws protect the following types of intellectual property:

AdobeStock_279078466-300x188You’ve probably heard your grandfather complain that he did not patent the “mobile phone” he invented in 1942. If he had, he’d be a billionaire! Ideas come and go, but those who take the leap and protect those ideas often reap the benefits.

Intellectual property” (“IP”) is defined as a unique “product of human intellect” protected by law. Intellectual property can be both in physical form, an idea, or even a design. Algorithms, programming techniques, song lyrics, and books are all forms of intellectual property. Federal law protects intellectual property from being used by unauthorized parties. Protecting business’s intellectual property will help the business maintain the value and benefit from their intellectual property. IP law is complex, and you’ll need the assistance of a Mountain View IP attorney from Structure Law Group to protect your rights under federal intellectual property law.

Types of Intellectual Property

In the Silicon Valley technology sector, intellectual property is more than just a buzzword. It is an asset with the potential to generate significant income for years to come. Intellectual property includes patents, copyrights, and trademarks. Many employers protect their intellectual property with invention assignment agreements and confidentiality agreements.

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What types of Agreement can be used to protect my company’s intellectual property?

There are many different types of agreements that employers can use to protect their intellectual property. The appropriate one for your business depends on what specific protections your business wishes to enact. An invention assignment agreement is a contract that establishes the employer’s ownership over all creations (including patents, trademarks, copyrights, trade secrets, and other inventions) that are created at the employer’s expense on company time.

Fotolia_106115248_Subscription_Monthly_M-2-300x237Intellectual property is a valuable asset for a business. When a company licenses its IP out to other businesses, it can gain a competitive advantage and also reap the benefits of a lucrative, passive revenue stream.

When dealing with IP, most business owners immediately think of patents.  Patents cover inventions including processes, machines, compositions of matter, designs, and plants.  However, patents are only one type of valuable IP.  There are other types of intellectual property that can be licensed out to increase your business’s revenue.  These include:

  • Trademarks, which protect company or product names, as well as corporate logos, slogans, and other promotional materials; and