Boston is a critical science and technology hub. It is one of the largest centers of startup technology development, feeding off of excellent academic institutions located in the area. That is the reason why a recent decision from the Massachusetts Federal District Court should be of interest not only to companies operating in Massachusetts, but to the technology and science establishments around the country. This decision could delineate a trend in the judicial analysis of non-disclosure vs. non-competition agreements.read more
The America Invents Act, formally known as H.R. 1249 (“AIA”) has clearly been the most significant evolution to the United States’ patent regulatory landscape in decades. The most important change under the AIA is that America has joined the rest of the world in rewarding the first inventor to file a patent, known more commonly as the “first-to-file” rule.
Under the previously existing system, an inventor could provide that he or she was the first inventor, even if he or she was not the first to file, through laboratory notes and journals. Now, with a few exceptions, one needs to be the first at the doors of the Patent Office. If and when several people come up with the same invention, which happens more often than most people think, it does not matter who was actually the first inventor in time. What matters is who was first to sprint to the Patent Office to file.read more
Last week I had a discussion with one of our clients, a founder of what seems to be a very promising and dynamic technology venture, who had just begun negotiating with several groups of venture capitalists (VCs).read more
A lot has been written already about a program that was launched in October of last year by New York Gov. Andrew M. Cuomo – START-UP NY. The program formally began January 1, 2014.read more
Companies Must Get Serious About Protecting Proprietary and Personal Information Of Customers And EmployeesGeorge A. Gellis April 28, 2014
Two weeks ago Target Chairman, President and CEO Gregg Steinhafel lost his job in large part due to the Target data breaches from November 2013 to January 2014. While it seems that he was the first CEO of a major company that lost his job as a result of a data breach, he clearly will not be the last. At a glance, he took all of the “required” steps – the company started to immediately investigate the problem, notified law enforcement, notified customers, offered discounts to customers who used Target’s branded debit and credit cards, and provided free customer credit monitoring. However, the company’s sales, profit and stock price all have suffered as the breach scared off both investors and customers.read more
We see this scenario time and time again. When a cash-strapped venture starts getting some serious traction and begins negotiating with potential investors and partners, its founders quickly realize that the investors and their attorneys are far more deal savvy than technology entrepreneurs.read more
We are very pleased to announce that Phi H.D. Nguyen has joined our firm as of counsel.
Mr. Nguyen comes to Gellis Law Group from Elenoff Grossman & Schole, LLP. His practice areas include complex mergers & acquisitions, licensing, product research and commercialization, financings and capital raises and other commercial transactions.
Members of the firm participated in the meeting with the Minister of Foreign Affairs of Ukraine, Leonid Kozhara, within the framework of a conference organized by U.S.-Ukraine Business Council (USUBC), which was hosted by Ukrainian Institute of America in New York City. During the meeting participants discussed numerous economic and legal issues, including cross-border transactions involving Ukrainian and American companies.read more
We are proud to announce that patent attorneys and experienced intellectual property counselors, Mark Beloborodov and Gene Vinokur have joined our firm from Aril 1, 2013. They will oversee matters pertaining to the strategic planning and early stage support for startup enterprises, technology transactions, intellectual property portfolio counseling, licensing, as well as filing and prosecution of patent and trademark applications. Both, Mr. Beloborodov and Mr. Vinokur are experienced IP and patent attorneys who served as patent attorneys for several large international corporations in Germany, Japan, the Netherlands and the United States.read more