Want to Know More about IP Strategy? A Selection of Posts for In-House and Outside Counsel

This week, I am speaking at the Midwest IP Institute.  I will be participating in a “fire side chat” with my good friend, Edna Vassilovski of Stoel, Rives LLP. Our session is entitled “How Patent Prosecutors and In-House Counsel Can Provide Work Product Better Aligned with Client’s Business Needs.”  Specific topics we will discuss include: How clients’ views of IP and intangible assets are changing and ways both inside and outside counsel can stay relevant to clients today; What you can do to help clients obtain meaningful patents at reduced cost; How to really understand clients’ business goals and how to help make those happen; and How to help clients monetize their patents I am really looking forward to sharing my passion for IP business strategy with in-house lawyers and outside counsel, especially since I will be doing this with someone like Edna who I think has a great grasp on client service from a business perspective.  In preparation for this talk, and for the benefit of those attending the the session who would like to learn more about my perspective, I thought it made sense to revive some previous blog posts from the past couple of years where I Continue Reading →

R & D Tax Credits Mean Little to Businesses That Do Not Competently Manage Their Intangible Assets

This week, President Obama will announce a $100 billion proposal to stimulate the economy, where much of the focus is to be placed in the area of R & D tax credits. In addition to making the R & D tax credit permanent, Obama will seek increasing one of the credits available from 14 to 17 percent. This announcement brought to mind a blog post that I wrote almost 2 years ago addressing how I believe that many companies fail to capture all they are entitled with respect to existing R & D tax credits due to the fact that most companies do a poor job identifying, capturing and protecting their intangible assets.  So, irrespective of one’s opinion of whether this new stimulus plan will help the economy, it is my strong belief that many–if not most–corporations, both large and small alike, will fail to fully capitalize on the tax credits available to them because their organizations do not possess the accounting methodologies necessary to identify, capture and protect their organization’s intangible assets.  Without such infrastructures, which are known generally as “intellectual asset management” systems, it is virtually impossible to accurately assess an organization’s entitlement to tax credits associated with Continue Reading →