
""What I'm not trying to do is to replace the company's existing patent attorneys helping them out with their inventions and drafting and prosecuting those patent applications. What I bring is something quite different to that. That's the strategy side.""
""When two companies collaborate, they share information. But the information shared during a collaboration doesn't disappear when the project ends-it remains in the receiving company's systems, and the obligations that came with it remain in force.""
Companies entering joint development agreements focus on project success but often neglect the management of confidential information post-project. Emily Teesdale emphasizes the importance of having a clear strategy for intellectual property (IP) that aligns with long-term business goals. Many smaller engineering firms lack this strategic layer, resulting in a disconnect between patent prosecution and business objectives. The information shared during collaborations remains in the receiving company's systems, creating ongoing obligations that can lead to significant risks if not properly managed.
#joint-development-agreements #intellectual-property-strategy #confidential-information #engineering-companies #patent-prosecution
Read at IPWatchdog.com | Patents & Intellectual Property Law
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