Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
This month we focus on key IP & IT considerations for medium-sized companies.
This practice note was created by LexisPSL IP&IT; and supplements a separate practice note: Key IP & IT considerations for start-ups.
Suggestions in that note are also important for medium-sized companies, but this note focuses on additional intellectual property (IP) and information technology (IT) issues which are likely to be of more relevance to larger companies than start-ups.
This practice note is a brief summary of IP & IT law considerations when operating a medium-sized company that owns some IP assets and uses IT as a support function. This note is intended as a very high level introduction to typical considerations but the emphasis placed on these will vary depending on the nature of the business.
1. Appoint an Intellectual Property Officer and Management Board
Appoint an 'Intellectual Property Officer' to take primary responsibility for the management of your business's IP & IT assets. In some companies this role might be filled by the IT or Finance Director, but in a larger company it would be by an in house lawyer. The Intellectual Property Officer will need to co-ordinate the work of an 'Intellectual Property Management Board', comprising representatives from different business functions (eg marketing, sales, IT and human resources (HR)) to ensure IP & IT strategies are properly agreed, communicated and implemented across the business. This is also likely to require support from specialist external lawyers, trade mark agents and patent agents who will, for example, be responsible for monitoring renewal dates for registered rights, conducting clearance searches and providing specialist advice as required.
2. Implement good record-keeping systems
Ensuring dealings in IP & IT are mutually consistent
It is important that IP & IT transfer and licensing arrangements entered into by a business are mutually consistent. For example, IP licensed from a third party can only be used subject to relevant licence terms (eg licensed software to be used only by specific permitted users). Licensing of rights to
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234