You’ve got a great idea or invention. It’s a valuable strategic asset. But in today’s world of innovation and competition, that value is at risk unless it’s protected – and maximized.
We can help you do that.
Olive & Olive creates contracts and agreements that ensure top value for your intellectual property.
The Olive & Olive team knows IP contracts. We know how to negotiate, draft and enforce them. We have the tools, expertise, and training for all kinds of intellectual property contracts—patent contracts, trademark contracts, copyright contracts, trade secret contracts, e-commerce and Internet contracts. And much more:
Short answer: because they are inextricably linked and vital to your business. Through contracts, intellectual property rights are sold, licensed or even given away. Many intellectual property rights cannot be properly assigned without a written document. You must be very careful that your contracts maximize – not diminish – the value of your IP assets. Poorly written contracts can result in litigation, unnecessary expense, and other bad outcomes.
It is important to have your contracts and agreements prepared by a legal expert. This becomes clear when you consider the definition of two key intellectual property terms:
Suppose you hire an independent contractor to create a “work of authorship.” For example (and this is a situation that often arises), you hire an outsider to write custom software for your company. The finished product will be protected by copyright.
But who owns the copyright: you or the contractor? Unless there’s something in writing, the independent contractor typically would own all the copyrights. That means your right to use that work and control its use could be severely limited—even though you paid for it. If the software contractor decided to start selling the same software to your competitors, you probably wouldn’t be able to prevent it. A written contract agreement avoids this problem.
Let Olive & Olive help you prioritize and protect your intellectual property assets. Our attorneys have expertise in a wide range of industries. We apply sound legal advice and practical business judgment to your individual needs. We help you achieve your goals and maximize your return on investment.
Add a seasoned intellectual property contracts and licensing attorney to your team. Get in touch with Olive & Olive today.