The Basics of Buying and Selling IP

Intellectual property (IP) rights are intangible assets that can be assigned or licensed to generate revenue, and IP-related licensing revenue has become a significant source of value generation in the global economy. But these transactions involve complex legal issues, and buyers and sellers will be best served by developing a deeper understanding of the landscape.

Recently, LP Partner Mitchell Weinstein joined co-panelists John O’Malley of Volpe and Koenig and Fred Wilf of Wilftek for a Financial Poise webinar covering key insights about buying and selling IP assets. Topics included:

• Reasons a business might acquire or divest IP assets
• The four main types of IP: trademarks, copyright, patents, and trade secrets
• Methods for buying and selling IP
• The role of the contract in IP transactions
• Steps businesses can take to protect their trade secrets
• The due diligence process for patent acquisition
• The “bundle of rights” included in a copyright
• Questions around whether AI-created material can be copyrighted
• The importance of articulating clear goals for IP assets prior to acquisition

Watch the full conversation here.

Considering the purchase of an IP asset? Reach out to Mitchell Weinstein or another member of LP’s Intellectual Property Group for more information.