Thorough patent homework crucial overseas
By Tuo Yannan | China Daily | Updated: 2010-07-28 07:52
Chinese companies should do extensive homework on intellectual property before seeking opportunities in the United States, said Richard Racine, a partner at the law firm Finnegan, Henderson, Farabow, Garrett & Dunner.
While process of examining intangible assets is complex and challenging - covering patents, trademarks, copyrights and trade secrets - such due diligence is crucial to forestalling a potential disaster, the attorney said.
Racine said the process could range from a couple of days to several weeks.
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