People with a new idea or invention generally want to protect their ownership of it. Companies in Colorado and nationwide will go to great lengths to hire people to develop products or solutions that give them an edge in the marketplace. When and if these ideas are realized, many of them are considered to be quite valuable and can be classified as intellectual property.
Innovation and creative solutions are some of the most valuable and desirable achievements for business owners. Many companies pride themselves on being in a position of standard-setting and originality. Protecting the ideas and products that someone creates is often detrimental to a company's success, which is why it can be crucial for business owners in Colorado to understand intellectual property laws.
There is no doubt that the world is becoming more technologically-savvy, and the business environment in Colorado and worldwide is turning to online and virtual solutions to real-world issues. Online communities are growing, Internet products are thriving and ideas are being shared faster than ever before. With so much happening online, there is also a shift in traditional types of intellectual property.
Business owners across Colorado understand the importance of protecting the interests of the company. In an increasingly competitive and technologically-savvy market, maintaining control over patented products, copyrights, trade secrets and other types of intellectual property is often a top priority. If ownership of these vital assets is ever threatened or challenged, it can be crucial to take legal action to protect the future of a business.
For some Colorado companies, intellectual property and copyrights are their superpower that allows them to succeed and grow and that holds true for Warner Bros. as well. Recently a judge ruled that the company will retain the copyrights to the Superman character originally created by Joe Shuster. Heirs to Joe Shuster's estate attempted to reassert their rights to the Superman character despite a U.S. District Court judge's 1992 ruling which granted those rights to DC Comics shortly after the artist's death. The Superman character first appeared in 1938 and has remained a powerful image and even a brand some might say for almost 75 years.
No doubt anyone in Colorado or elsewhere has heard about the numerous patent infringement lawsuits currently being litigated around the globe. Just recently, Samsung was handed more than a $1 billion defeat in the patent infringement case against Apple and now it wants a new trial because the jury foreman did not disclose some rather interesting litigation he was involved in back in 1993. The jury foreman was sued by his former employer, Seagate, after he filed for bankruptcy. Samsung has a strategic relationship with Seagate and because of that substantial connection the jury foreman may have been biased in the case, claims Samsung.
Historically speaking, we do not see a large number of intellectual property lawsuits involving fashion designers. Everyone in Denver and around the world knows that designers copy each other's creations daily, but there is a new trend in the fashion industry where designers are obtaining patents on their designs and then choosing to enforce those patents when they feel another company or designer is infringing on their patent rights. Such is the case with a yoga-apparel company called Lululemon Athletica Inc., which is accusing Calvin Klein Inc. in a lawsuit of infringing on some of its design patents pertaining to its popular "Astro Pant" yoga pants that retail for $98.
Innovation is often achieved by expanding on prior innovations. As many Denver business owners know, once a new technology hits the market other companies will try and improve upon that technology, innovation breeds innovation just like necessity is the mother of invention, as the saying goes. And now a company's ability to build on the innovations of others just got easier. Introducing the IPXI - a new intellectual property exchange, which provides a one-stop place to sell, buy or trade intellectual property and patent rights.
Brilliant ideas are the heart of business innovation in Denver and around world. New technologies are created, new songs are released, books are published and it seems there is always someone or some company out there trying to capitalize on someone else's great idea. Just look at the number of patent infringement lawsuits surrounding cellphone technology, software and Internet technologies and anyone can see that infringing on the intellectual property of another can be both costly as well as profitable for those who attempt it.
In what might be a "David vs. Goliath" case, Alabama Aircraft, which performed maintenance on the Boeing KC-135 planes for decades, is suing the world's largest manufacturer of commercial planes claiming Boeing stole its proprietary data. The complaint states that it was their proprietary data that helped the Boeing Company secure $1.3 billion in Air Force maintenance contracts for the KC-135 planes. Boeing Company has facilities in Colorado Springs, Colorado.