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.
|Key Actions||Things to Consider||Tool Kit|
|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?|