How to create your Software IP Portfolio?
In a very concerning litigation in the field of software technology Google, Inc. was sued by Oracle Corp for their Android system which was built over and above the Java Programming code which was initially developed by Sun Microsystems. When Oracle acquired Sun Microsystems it decided to sue Google Inc for the infringement of its copyright as well as its patents. The suit was decided in favour of Oracle and Google had to find another way out to implement its Android platform to mitigate its risks. This lawsuit yet again proves how important it is to secure your intellectual property. Including how important it is in a business decision as a bargaining chip and the importance of due diligence.
Whether it is a novel and innovative idea or the code that has been written, which may be patented or copyright protected, or specifically a name of the software or a different platform or the logo of the shortcut developed on desktop can be protected by obtaining Trademark protection, all of it needs to be protected and it is preferable in the recent time to secure Intellectual property so as to achieve protection using all the possible statutory tools to do so.
Creation of an IP portfolio related to software-related inventions strengthens one’s position and can raise funding, and turn into a contractual tool or an agreement during mergers and acquisitions and also become an exit strategy that you may or may not have envisioned. IP is an intangible asset that helps to bring or earn revenue through licensing. It is thus advisable to obtain the terms and policies to terms and policies worked out by an Attorney along with EULA’s or privacy policies that are relevant.
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