Written By: Lawrence A. Maxham As recently reported by the US Secretary of Commerce, industries that make significant use of intellectual property (IP) account for over 41% of the US gross domestic product and employ one-third of the total US workforce. The founders of the US, well over 200 years ago, could have had no…
The short answer is No. Engineers are employed to add value to a company by creating new things and improving existing products to enhance their value and to enhance the company’s perceived value in the marketplace. The purpose of establishing Intellectual Property (IP) protection for those new and improved products is to validate what the…
At the outset, patents are valuable business assets. They may have different values or levels of value depending upon many factors. In order for a business to determine whether or not to go forward with the patent process, several factors need to be considered. Many businesses invest in their patent portfolio in order to protect…
The Maxham Firm has over 50 years of experience in patent and trademark law. With so many years under our belt, we have identified some of the most common mistakes many businesses make when budgeting for their new business endeavor. In this month’s series, Should You Register Your Trademark?, we will explore three common scenarios…