Intellectual Property and How It Can Affect Your Business | Arizona
Maria Crimi Speth
Hi, I’m Maria Speth I’m an attorney with the law firm of Jaburg & Wilk. I practice in the areas of intellectual property and internet law.
What is an intellectual property lawyer?
When somebody is either investing in a company or thinking about buying a company there’s almost always a do diligence phase and most people do get their M&A lawyers, their merger & acquisition lawyers involved. But I think it’s important for people to consider getting an intellectual property attorney involved. Most M&A lawyers do not have deep understanding of intellectual property issues and intellectual property is interesting it doesn’t always behave like tangible property.
How does intellectual property differ from physical property?
There are ownership issues that are a little different. If someone hires somebody to create something for them and it’s intangible, it is not necessarily owned by the person who did the hiring – person who paid the money. So what we see many times in companies as they may hire graphic designers, software developers, photographers, all types of creative people who create things for the company who may or may not have signed the right documents to get ownership in the company.
Do I need an intellectual property lawyer if I buy a business?
In today’s world when you purchase a company often that purchase is – the value in that purchase is really wrapped up in intangible assets. If you are contemplating selling your business or you’re looking at an exit strategy it’s a great idea to have an intellectual property attorney early on to set things up and have the right foundation so that when you get to the point where you’re ready to sell all of your docs are in a roll.
Hi, I’m Maria Speth I’m an attorney with the law firm of Jaburg & Wilk. I practice in the areas of intellectual property and internet law.
What is an intellectual property lawyer?
When somebody is either investing in a company or thinking about buying a company there’s almost always a do diligence phase and most people do get their M&A lawyers, their merger & acquisition lawyers involved. But I think it’s important for people to consider getting an intellectual property attorney involved. Most M&A lawyers do not have deep understanding of intellectual property issues and intellectual property is interesting it doesn’t always behave like tangible property.
How does intellectual property differ from physical property?
There are ownership issues that are a little different. If someone hires somebody to create something for them and it’s intangible, it is not necessarily owned by the person who did the hiring – person who paid the money. So what we see many times in companies as they may hire graphic designers, software developers, photographers, all types of creative people who create things for the company who may or may not have signed the right documents to get ownership in the company.
Do I need an intellectual property lawyer if I buy a business?
In today’s world when you purchase a company often that purchase is – the value in that purchase is really wrapped up in intangible assets. If you are contemplating selling your business or you’re looking at an exit strategy it’s a great idea to have an intellectual property attorney early on to set things up and have the right foundation so that when you get to the point where you’re ready to sell all of your docs are in a roll.