Assignments & Joint Development Agreements
Inventing an interesting product, or process, is only the beginning for many individuals dealing with patents, copyrights or trademarks (intellectual property). Some inventors, having the necessary resources, can implement the next stage and put their ideas into practices. However, many inventors facing undercapitalization, must consider licensing or outright sale of their invention rights to capitalize on their invention. Regardless of your circumstances, when dealing with the intellectual property issues such as license, or assignment agreement, STEVEN IVY P.C. can help. The firm dedicates a significant portion of its resources to patents, trademarks and copyright transactions. In addition, our law firm handles a wide range of other intellectual property issues, such as diligence investigation and joint development agreements.
The hallmark of our practice is professional service. Therefore, we work closely with our clients to ensure that their interests are properly protected. STEVEN IVY P.C. is servicing clients in several Illinois counties, including: Cook County, Lake County, DuPage County, Kane County, DeKalb County, Will County, McHenry County and Kendall County. Our clients can meet with us in eight Illinois locations, including: Chicago, Lisle, Northbrook, Oak Brook, Rosemont, Saint Charles, Schaumburg, and Warrenville.
Patent License & Sales Agreements
STEVEN IVY P.C. specializes in drafting patent licenses and agreements. The creation of patent licenses is implemented into our comprehensive process applied to all IP transactions. Working closely with our clients, we begin with development of the general IP strategy. This strategy is strengthened by performing thorough due diligence of our client's IP assets. The due diligence process is followed by drafting and negotiation of the required agreement. We have a keen understanding of the two bodies of law that formulate license agreements: the law of contracts (used to enforce the promises made) and the law of torts (enforcing the conduct of parties to the agreement). We ensure that all the necessary categories of law are stringently implemented into every agreement. The final documents are clear and concise, implementing our clients’ priorities and provision addressing any future changes. Once the agreement is created and implemented, our law firm implements procedures designed to manage the licensing portfolios; firmly protecting our clients' interests now, and into the future.
Due Diligence & IP Transactions
Due diligence is an investigation process, purpose of which is a thorough evaluation and verification of our clients' existing, or future IP assets. STEVEN IVY P.C. applies due diligence process when helping our clients with various IP-related transactions from patent license agreement, assignments, joint inventors and confidentiality agreements to research collaborations. A due diligence investigation, among many other issues, addresses the following: binding obligations of both buyer and seller, value of the transaction, existence of improvement patents, existence of mortgages, existence of collaborative agreements, existence of any litigation or infringement suits, royalty issues and commission of full and independent ownership search.
Patent, Trademark & Copyright Disputes
Agreement disputes are common occurrence in IP transactions. Some of those disputes may be resolved by applying a short negotiation process, and other disputes are resolved utilizing a more structured approach of arbitration. Arbitration is an out-of-court proceeding in which a neutral third party called an arbitrator hears evidence and then makes a binding decision. Our firm has an in-depth understanding of the arbitration process and its application in various IP transactions. Our law firm will provide you with a comprehensive advice, helping you in formulating the most informed decisions.