Intellectual Property Management
Attorneys at LSL can perform a comprehensive audit of all intellectual property assets including patents, trade secrets, and legal opinions, as part of a broader effort to construct an intellectual property management system for clients.
A traditional audit comprises: identification of all assets; evaluation of each asset for its impact and relevance to a marketed product, pipeline product, manufacturing process, or any combination of the these areas; and analysis from which the financial and strategic impact of intellectual property can be measured. From this audit, LSL attorneys will assemble visual diagrams identifying assets within the process flow.
LSL can also assist with due diligence in connection with acquisitions and financing, provide a competitive assessment of a company's intellectual property position and assist with freedom to operate opinions and coordinate patent prosecution efforts.
Finally, for university spin-outs and other venture backed companies, LSL can act as internal legal counsel to assist in the management of the patent prosecution process. LSL can also advise management and investors in strategic decision making to optimize the value of a patent portfolio while reducing prosecution and maintenance fees.