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October 2017 Archives

Stakeholders hope to reform patent law for biotechnology

Life scientists and companies in Colorado planning to protect their rights to biotechnology have hit legal hurdles in recent years. A 2012 decision from the Supreme Court of the United States narrowed the ability to award patents for biotechnology, and courts have been striking down existing patents that intellectual property owners had once thought secure. Concerned parties, such as the American Intellectual Property Law Association, the American Bar Association's Section of Intellectual Property Law and the Intellectual Property Owners Association have proposed revising a portion of U.S. patent law to spell out specific guidelines for determining which biotechnology deserves patent protection.

Trends in venture capital

Venture capital is a prime, competitive source of financing for new businesses. Investors in Colorado as well as entrepreneurs who are seeking financing for their startups should be aware of the trends that are shaping the venture capital industry.

High tax rates may be problematic for business

A study by EY found that high corporate tax rates may slow the rate of mergers and acquisitions in the United States. This may make it harder for business owners in Colorado to exit their companies or grow them over time. The study also found that taxation of international business income may give foreign companies an advantage when it comes to bidding for companies around the world.

How to protect your intellectual property

Intellectual property is any type of work or invention that is the result of creativity. In the state of Colorado, inventors, authors, musicians, and artists need to protect their intellectual property to prevent others from using or financially benefiting from their creations without their permission. There are three types of IP protection: trademark, patent, and copyright. The following example shows how these different kinds of IP protections can apply in the development of a health app.