Question
How do we best assess the legal risk we might have regarding IP? I know that this is often part of the talks between startups and VCs, and I would like to know more about the issue. How do we determine the risk of an infringement lawsuit? Is there also a way to somehow figure out how high the risk is of others infringing our IP and us filing a lawsuit?
We are a software development company at seed stage. We develop software and algorithms for a spectrum of complex simulation scenarios in fluid dynamics applications.
Answers: 5 public & 0 private
As a trademark attorney, I could inform you that to avoid any infringement liability (both ways) with respect to any name you adopt for your product or service, you should consult a trademark attorney to conduct a trademark clearance search. You can usually find the trademark attorney and patent attorney in the same firm and oftentimes in the same person (but the U.S. separates the fields more than other countries).
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