There’s little room for error when it comes to protecting a company’s intellectual property assets, according to this recent blog post by Scott Hervey of Weintraub Tobin. “In my 20 years working with startup companies, and even fully grown-up companies, I have seen mistakes involving company intellectual property prove to be disastrous,” he writes. Here are some of the major blunders to avoid:
• The company doesn’t own the asset: If a company is being formed around a piece of intellectual property, make sure the founder contributes it to the company and it’s properly assigned, says Hervey. “While a very basic issue, this problem plagues more startups than you can imagine.”
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