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June 2018 Archives

The road to an IPO

Privately held companies in New Jersey who are considering making the switch to being publicly held often make this leap because of the public funding that would then become available to them. In short, an initial public offering is a capital-raising event and while it can be extremely lucrative it does bring with it some changes and new things that executives need to learn.

Exercise caution before applying for a patent

Entrepreneurs and inventors in New Jersey may naturally find the thought of owning one or many patents attractive for them personally as well as professionally. While there are certainly benefits to seeking a patent for a new invention, there may well be times when it is not in the best interest of the inventor or the company. Before attempting to receive a patent, people should consider a few key facts.

Are oral contracts enforceable?

Most would likely advise that any business transactions conducted in Paramus be handled professionally. For many, "professionally" likely means through negotiation, in writing and (if necessary) with the added assistance of legal counsel. However, due to the unique nature of your business (or your own personal beliefs and values), you still might see the value in a handshake agreement. While such trust between business partners may help to build brand loyalty, it can also be a source of stress if issues ever arise in your attempts to enforce your agreements. 

Breath test device manufacturer cites IP concerns

People who own or operate companies in New Jersey that must carefully guard their intellectual property know how difficult this can be at times. In some situations, there may even develop a situation in which other interests may appear to compete with the desire and need to protect intellectual property rights. One example of this can be seen in a multi-year dispute between researchers and a manufacturer of drunk driving breath test devices that continues today.

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Nicoll Davis & Spinella LLP

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