Why Is This Important? With the company formed and in control of the IP, you want to formally protect it and your ability to build on it in the future.
|Things to Consider
|Get Letters of Clearance if needed
|Be clear on who owns the technology and, more importantly, who doesn’t
|Obtain additional technology licenses if needed
|Does another entity require a licensing agreement for commercial use of a component of your product?
You will probably need legal advice to negotiate the best terms
A bad agreement can prevent you from getting funding
|Conduct a preliminary freedom to operate analysis
|See if MVP potentially infringes on existing patents
|File patent(s) based on provisional patents
|Multiple provisional applications can be combined into a single full application at the first provisional 1-year date
|Conduct a brainstorming session on how to get around your patents and file provisional patents to block those workarounds
|If you wanted to re-invent your product, how would you get around your patent?