This increased adoption of "tech" has created opportunities for innovation, but also created new vulnerabilities and risks that businesses must consider. Businesses are adopting automated processes, making their services accessible via mobile application, and replacing mechanical aspects of their products with all things digital. Now, you would be hard pressed to find a company that doesn't have "tech" in some capacity. Companies that developed new and innovative software products and put out sleek pieces of hardware. Once upon a time, a "tech company" was associated with only the most cutting-edge companies. In this market where every dollar counts, we explore how this happens and how to protect against this common IP foot fault. In the rush to market, to license to third parties or to create new software-as-a-service (SaaS), companies unknowingly give away IP assets, including access to source code, that not only diminishes the value of their IP, but lowers their overall company valuation in an exit such as a merger or acquisition. JanuIn an effort to generate revenue, often caused by stressful market conditions, many companies lose the ultimate value of the IP they have worked hard to create.
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