The Most Valuable Business Asset is Intellectual Property Every business has intangible assets like reputation, brand equity and customer good-will, but intellectual property contributes the greatest value. This includes trademarks, copyrights, trade secrets, licenses, and patents. So it’s a mystery why most businesses ignore these assets. They all have systems to track inventory, revenue, and […]
Very few businesses want to win a lawsuit, especially over intellectual property. They’re expensive, distracting and rarely satisfying. What you want is your problem solved, the lawsuit stopped, and the legal fees ended. IP litigation is a business decision that likely has a business solution. It’s not a lawsuit to win, but a problem to […]
In today’s rapidly evolving business landscape, artificial intelligence (AI) is a topic that demands our attention. As a business owner, understanding how AI is handled within your organization is paramount. In this article, we will delve into three pressing concerns that every business owner should address when it comes to AI: the definition of AI […]
By Bill Honaker, The IP Guy I’ve been intrigued by artificial intelligence ever since Steven Thaler first attempted to patent a couple of inventions that he claimed were created entirely by a creative machine, which he called DABAS. DABAS stands for, “Device for the Autonomous Bootstrapping of Unified Science.” He also tried to get copyright […]
Artificial Intelligence is all over the news. Pundits review it in awe; it’s either an amazing new tool that will revolutionize the world, or a potential evil that will change everything for the worse. It’s been reported that it will displace knowledge workers like engineers, lawyers, and accountants. Only time will tell. ChatGPT can […]
The Untapped Potential of Intellectual Property in Business By Bill Honaker, The IP Guy In today’s business landscape intellectual property (IP) plays a crucial role in the success and value of a business. This article sheds light on the significance of IP, its various forms (trademarks, copyrights, trade secrets, and patents), and practical advice for […]
If you don’t you can lose important patent rights! by Intellectual Property Attorney Bill Honaker, The IP Guy Failing to name all the inventors on a patent application can have serious consequences, leading to the loss of your patent rights. A recent case, Blue Gentian v Tristar Products, serves as a reminder of this important […]
Originally Published for LEDs Magazine – Link to Original Article. Originally Posted May 20, 2020 Updated March 23, 2023 Don’t Give Up Your IP During Crisis Don’t lose valuable IP rights due to crisis. We’ve heard the rallying cry, “defeat the invisible enemy”? No, the other one, “Conserve the cash.” Businesses of all sizes are […]
What you need to know One area of great importance, but often overlooked by law firms is Intellectual Property. The stakes are high. These hidden assets can account for more than half the value of your business. And being sued for infringement can put you out of business. It is confusing, misunderstood, and misinterpreted. Intellectual […]
A great question from a small business owner A new business owner recently asked, “With limited time and resources, what should I do first?” As a small business, protecting your intellectual property (IP) is crucial for ensuring the success and longevity of your company. Without proper IP protection, your branding, unique ideas, and inventions could […]
