Coronavirus and its global impact have affected almost every sector of IP. At this point, this will be one of the worst recessions in recent decades. Historically, in past recessions IP Transactions slowed down dramatically litigation increases, Trade secrets liability increases with high number of layoffs and less opportunities, patent fillings decline slightly and many companies let more patents expire. What will happen this time around and how can IP counsel build a strong patent strategy to weather the next couple of years?
This panel will explore:
A complex and unclear patent landscape has brought Trade Secrets to the attention of the C-Suite. Now with COVID-19 causing virtual workforce, mass layoffs, limited potential opportunities and a restarting economy – a well-structured and thorough Trade Secrets strategy and implementation need serious consideration. With potentially less resources requiring trade secret breaches and liability be avoided? How can you prove a trade secrets breach if it occurs?
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During recessions a lot of pressure is placed on budget management for Portfolio managers who are already doing more with less. Historically more patents get cut from the portfolio with a few to quality patents with more deferred spending and provisional fillings. As portfolios get cut to essential patents only, how will this impact how companies structure their IP Strategy? Will there now be an increase in litigation as companies look to protect the important patents? How will already budget conscious filings impact spending on maintenances fees? A well run portfolio gives the business the ability to protect market share, block competitors and create future options and opportunity. In today’s environment, what does running a balanced and effective portfolio look like? How can you prepare for the future?
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