You don’t need to fear this terror, because you can and should plan to avoid it. If you have high-value patents or trademarks, here are
So why is the standard will, drafted by a general attorney, insufficient to properly transfer patent and trademark ownership?
It comes down to three
Let’s look at the specific risks of poor intellectual property succession planning. These are the ghosts of your assets that haunt your legacy if you
Most people think of their IP like a regular asset that upon their death will either transfer automatically or be handled easily by the executor
The thesis today is simple, yet alarming: A standard will and skimpy business operation documents can be a death sentence for your most valuable intellectual
Let’s look at the Two Scariest Patent Searches! An inventor should run two different types of patent searches, a patentability search and a freedom-to-operate search,
Be careful not to let your trade secrets die with you, or you may accidentally kill your business. If you have a proprietary formula, customer
Fatal mistakes are often made when people unfamiliar with patent and trademark law leave that kind of intellectual property to people in their will or
The patent clock keeps ticking after you die! A utility patent is a time-sensitive asset. If you own the patent rights to your invention, you
Here’s a spooky thought: what happens to your work after you’re gone?
If you don’t have a plan, your creative legacy could get lost
The Illinois Legislature and Governor Pritzker signed a law recently that makes some big and helpful changes to when you can use a Small Estate
A solid estate plan gives you control over what happens, both while you’re living and after you’re gone. If you don’t have one, or have
This content is for informational and educational purposes only. It is not legal advice and does not create an attorney-client relationship. For advice about your specific situation, consult with a licensed attorney.