3/2 – IP Workshop with Edward Bachand, Dorsey & Whitney LLP
Edward Bachand of law firm Dorsey & Whitney came in to provide advice regarding protection of and strategies relating to intellectual properties.
From the Dorsey & Whitney website:
“Mr. Bachand is a partner in the Technology group with over 15 years of experience representing emerging and large companies in intellectual property matters, particularly in the area of medical devices. His practice is directed toward counseling clients in all areas of patent, trademark and copyright law. His legal expertise and business acumen have assisted many clients in achieving favorable results.”
We would like to thank Edward for his time and for his expert legal advice in assisting our entrepreneurs. He provided detailed information on the different types of IP that startups should be aware of, trade secrets and license agreements, and copyright and patent information. The following are key takeaways from the workshop:
1. The principal rule that most startups should abide by: Be careful in disclosing the details of your invention. It is recommended that disclosure only be done after signing a non-disclosure agreement (NDA).
2. In the US, you have a one year grace period following disclosure of your invention. Everywhere else there is absolute loss of patent if you disclose before filing a patent application in a way that enables others to create the product or service.3. It is important to secure your trademark by also securing the domain name, including domain names in other relevant countries, e.g. wiket.com, wiket.cn, wiket.de, etc.