IP vision blog banner

IPVision Blog

Patent News October 2020: Nobel Prize Winners

Intellectual Property and Boards of Directors: Conclusion and Next Steps

Regardless how long you’ve served as a member of the Board of Directors for your company, you may have seen some information here that you had never before considered. As we said from the beginning, intangible assets such as intellectual property are often overlooked—though less now than ever before. Our hope is that we not only introduced some information that can help you as you serve as a Board member, but also that we provided the “why.” 

A Closer Look at Patent Quality During M&A

To this point, we have discussed the importance of IP and the high level questions a Board of Directors should ask Management about the company’s intellectual property. These questions cover a wide range, believe it or not. It’s never so simple as simply knowing which patents the company holds, though many Boards leave even that much to the IP lawyers. First, there’s the deep dive into research and development, which questions such as:

September 2020 Patent News: It’s All About Where We’re Going

Now that many countries have lifted quarantining restrictions, the news in the world of IP focuses on how people can get from here to there. Hopefully, they will do so safely, or we’ll have to get back into vaccine watch. Here’s where the transportation industry is going.

New Call-to-action

Should the Company Make or Buy an IP Portfolio?

Let’s return now to the mental image of a piece of real estate. If your parcel of real estate is “landlocked” because someone else owns all of the adjacent property, you have no way of reaching your parcel unless you and the other landowner reach an agreement to provide an easement, or a license to cross the land.

IP Strategy Revisited - Time Horizons

We have discussed the importance of intellectual property and the questions that Boards of Directors should ask about their company’s IP. These questions are really an “as is” assessment.  What are we spending on R&D—actual and relative to competitors? Are we harvesting the output of R&D and turning it into intellectual property to benefit the stakeholders of the company? These questions are just the beginning.

How “Good” Are the Company’s Patents?

To this point, we have discussed the importance of IP and the high level questions a Board of Directors should ask Management. These questions cover a wide range, believe it or not. It’s never so simple as simply knowing which patents the company holds, though many Boards leave even that much to the IP lawyers.  We started with the deep dive into research and development, with questions such as:

How Good is the Company’s Patenting Process?

It’s easy to assume that a company has a good process in place for determining what to patent. Unfortunately, this is often not the case—even for large companies with resources. Certainly, some inventions should come from planned research and development.

Is the Company Patenting The Right Things? What is the Company’s IP Strategy?

Understanding how efficient the Company is in generating and capturing inventions is one measure but boards of directors should be asking if the Company is patenting the right things, i.e., what is the Company’s intellectual property strategy?

Patent News August 2020: The Technological War With China and How Apple is Responding

The question of the moment concerns technology pioneer, Apple. Will they boon or bust? Chances are they will be just fine, with a few hurdles to overcome first. And even though we may have thought we were closer to a corona vaccine than we actually are, all is not lost. We will still have dinosaurs on phones.