Design It, Build It, Fund It... Don't Forget to Protect It! | Mauro, Charles

Design patents, which have traditionally been seen as a second-rate intellectual property (IP) option, have recently become primary IP assets of major corporations because of a USPTO statute allowing for the plaintiff to take all of the defendant's profits related to the patented design, if infringement is found. In the recent Apple v Samsung litigation, $1 billion, over 90 percent of the original awarded damages, came from infringed design patents. In this session, we will discuss how design patents and IP frameworks overall might or will impact new crowdsourcing and crowdfunding development methodologies like Kickstarter, Quirky, Indiegogo, Thunderclap and others throughout the stages of building, designing and funding a project.