Healthcare and IP
Healthcare IP is important for numerous reasons. For several entities, such as universities or pharmaceutical companies, it can represent millions, if not billions, of dollars in investment and research and development. For other smaller entities, in the instance of a trade secret, it may not necessarily represent the same kind of capital investment; however, it may still be critical to the survival of that business.
Regardless of scale, it is essential to maintain and transfer IP properly. If not secured properly, IP may be lost. For example, if a buyer does not know about the acquired IP, it will not know to file regular maintenance fees and could risk cancellation of the IP. Conversely, if a buyer thinks it owns IP that it actually does not, it may violate another entity’s IP rights through use without knowing it. A cease-and-desist letter accompanied by a demand for unpaid royalties may quickly follow.
If you are part of the healthcare industry, we can help you build your IP portfolio.
