Category: FAQ

What type of IP licensing agreements are used? Trademarks are used for branding of products and services like names and logos that distinguish products produced by one company from another, and distinguishing service providers. Patents are used for technology (designs, goods and processes) inventions and discoveries. Copyright provides protection to authors of “original work of…

IP is one of the most complicated areas of law and is muddled with deadlines that if missed can result in a loss of rights. The worse things that can happen to an inventor is seeing a copy of his invention being used by a competitor. In such cases it is crucial to have a…

You may get recommendation not to grant or take a license in cases when you can successfully create your own IP, when there is a risk of licensing your IP to companies who might lessen the value of your IP, royalties are too high and may restrict the growth of your business, the IP to…

Licenses transfer patent rights to a third party temporarily, while Patent Assignment transfers these rights permanently. With licensing patent rights ownership does not transfer, no matter how much is paid in fees. Patent assignment agreements permanently transfer ownership.

Percentage of sales is a way to determine how much a licensee owes in royalties. The concept of “percentage of sales” is a method used to calculate the amount of royalties owed by a licensee.

A good and comprehensive IP audit is always customized for your business and industry. It can include reviewing policies and procedures, conducting questionnaires with business personell, identifying status of relevant IP property owed.

Foreseeing potential future disputes is essential to draft a good agreement in order to minimize risks associated with the deal. – Software Licenses – Software Development Agreements – SaaS/Cloud Agreements – Direct Customer Agreements – Vendor Agreements – Reseller Agreements and Distribution Agreements – Partner Agreements – Support and Maintenance Agreements, with Service Level Agreements…

Scope of services, payment, amendment, termination, liability insurance, confidentiality, IP ownership, and choice of law and dispute resolution…

Also called ‘terms and conditions’, it is an agreement that a user must agree to in order to use a website or a service. Terms usually define user’s legal rights and also service liabilities, if any. Some thing vary, but ToU will always include: – A license or copyright – A disclaimer of liability –…

What are the main CCPA requirements for businesses? California Privacy Rights Act (CPRA) covers any business matching at least one of three conditions: – Have $25 million or more in annual revenue – Possess the personal data of more than 50,000 “consumers, households, or devices”, or – Earn more than half of its annual revenue…

CCPA protects California residents regardless where they are at the moment. GDPR protects EU citizens, and applies to businesses around the world reaching EU.

Fines for not complying to above laws can be costly, depending on the degree of violation. For GDPR fine range from ?10 to ?20 million, or 2% to 4% of the corporation’s worldwide annual revenue. CCPA fines range from $2,500 for unintentional to $7,500 for intentional violation, per violation. One “violation” occurs per consumer.

Building codes cover both remodeling and new constructions, and are defined by local authorities as laws and ordinances. They represent standards that must be met for building design, construction, quality, plumbing, electrical and fire safety.

Some home repair can be done by you, but for a number of things you may require a licensed contractor: – Constructing a roof – Installing a dishwasher – Installing central air conditioning – Replacing a swimming pool pump – Plumbing water repairs when connected to drinking water – Building with metal – Building a…

Good contracts protect both parties. If you negotiate a good agreement, you should sign it, otherwise you should not. Did you consider how this items are defined in the agreement: IP, evaluation, benefits, time duration, liabilities, etc.

– The Corporate Transparency Act requires certain companies to disclose their beneficial owners to the Financial Crimes Enforcement Network. – Ally Law has expanded its presence in Egypt and Paraguay, increasing its global reach and capabilities. – The Corporate Transparency Act Blog Series discusses additional considerations for compliance with the Act, providing valuable insights for…

Definition of due diligence: 1. law : the care that a reasonable person exercises to avoid harm to other persons or their property failed to exercise due diligence in trying to prevent the accident 2. business : research and analysis of a company or organization done in preparation for a business transaction (such as a…