IP Disputes and Nanotechnology Company Bankruptcies
Volume 6, Issue 3
Reed L. Christiansen, Foley & Lardner LLP
Stephen B. Maebius, Foley & Lardner LLP
Leon Radomsky, Foley & Lardner LLP
J. Steven Rutt, Foley & Lardner LLP
Recent news stories relate examples of nanotechnology companies seeking bankruptcy protection as a result of intellectual property litigation. This article describes practices a potential defendant might use to limit exposure in patent or trade secret litigation, or even prevent such litigation. In the case of patent disputes, the use of inter partes reexamination to invalidate competitors’ patents is an alternative that has features benefiting potential defendants. For the case of trade secret battles, incorporating key provisions in nondisclosure and joint development agrements may forestall litigation.
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