InnovaCounsel Blog

Here’s What Your Company Needs to know and Do about Trade Secrets.

Trade secrets are inventions and methods that have value to your company and that would lose value if they were disclosed to your competitors.   Did you know there is a good chance every company has some trade secret information?  … Continue reading


The Importance of Intellectual Property

When a business protects their intellectual property through patents, trade secrets, copyrights, or trademarks, it not only benefits that business, but the United States economy as a whole. A new report came out detailing just how this is possible. Here … Continue reading


Mergers and Acquisitions

When considering getting involved in a merger and acquisition transaction, the buyer will want to do a substantial amount of due diligence before committing. This is even more important when dealing with private company acquisitions where the company hasn’t been … Continue reading


Anticipating the Defend Trade Secrets Act

Currently, trade secrets are only protected at state level, but with the Defend Trade Secrets Act (DTSA), they could also gain protection on a federal level. This act has passed both houses of Congress and the House of Representatives and … Continue reading


Joint Development Agreements

Joint developments can be good business and accounting decisions. Joint developments, or ventures, are strategic alliances between two or more individuals or entities to engage in a specific project or undertaking. Usually the individuals or entities enter the venture to … Continue reading


Advising Tech Start-Ups

It seems like everyone is in the tech start-up industry at the moment. With technology such a big part of today’s society, it’s not a bad place to be. However, creating a start-up isn’t always as easy as some people … Continue reading


Trade Secret Misappropriation

Most are familiar with patents, trademarks, and copyrights. However, there is a fourth type of intellectual property called trade secrets. Trade secrets consist of information that can be a formula, pattern, compilation, program, device, method, technique or process. To be … Continue reading


Consulting Contract Mistakes

While consulting agreements seem straight forward, there are frequently some mistakes made when putting them together. These mistakes could end up hurting one or both parties, and could end in litigation. Here are five common mistakes to avoid with consulting … Continue reading


Intellectual Property Theft

Companies depend on intellectual property to profit and even survive. So, when it is stolen or infringed upon, it can be a big deal. Intellectual property can be books, ideas, written items, inventions, and more. If a company discovers their … Continue reading


Five Common Patent Filing Mistakes

Many companies depend on patents to protect their creations. Making a mistake while filing the patent could be disastrous for their company. However, mistakes do happen. Here are the five most common patent application mistakes to avoid: Waiting too long … Continue reading