Joint Ventures and Minimizing Risk: Simple Steps to Protect Your IP Interests
(Room Education Booth 2049)
05 Nov 25
1:30 PM
-
2:00 PM
Tracks:
Show Floor Education
The beginning of any joint venture many times is full of optimism and anticipation for the next great product, fabulous profits, and shareholder returns. But the path to that outcome can be fraught with risk and potential loss, particularly when working with a business partner. That risk can be compounded when valuable information is shared, the relationship sours, and it is necessary to recoup some of the investment made by going it alone. And at that stage, the souring relationship can lead to confusion on the rights and obligations of each participant.
But at the beginning, some of these risks may be avoided, and some of these risks may be mitigated. How? Our presentation looks at these challenges and identifies ways to mitigate risk based on our experiences as trial lawyers and litigators of complex high-value trade secret and licensing cases. We consider better ways to keep track of valuable information shared, the tradeoffs of specificity in defining obligations, and how dispute resolution clauses can be structured to provide an advantage and further mitigate risk.