tag:blogger.com,1999:blog-9155427933166618966.post2485536577991358220..comments2008-07-29T16:00:27.732-07:00Joel Westhttp://www.blogger.com/profile/03837038327488766775noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9155427933166618966.post-53161496403314885992008-07-29T16:00:00.000-07:002008-07-29T16:00:00.000-07:00Jackie,<BR/><BR/>I'm sure that the big firms seeking outside technologies have lots of lawyers who worry about these issues.<BR/><BR/>As for the little companies that are providing technologies, they also need to be careful esp. when dealing with big companies - but that is an issue that existed long before Open Innovation.<BR/><BR/>JoelJoel Westhttp://www.blogger.com/profile/03837038327488766775noreply@blogger.comtag:blogger.com,1999:blog-9155427933166618966.post-53193491813025027672008-07-25T07:22:00.000-07:002008-07-25T07:22:00.000-07:00Open Innovation is certainly a critical component in modern business, however, I have found that many otherwise sophisticated innovation professionals are not aware of the legal pitfalls of going outside of their companies for new product ideas. As one significant example, did you know that a collaborator from outside your company will automatically own equal rights to any patent resulting from the Open Innovation project unless there is an agreement to the contrary? These rights could be sold to the highest bidder, including your competitors. There are other potential legal problems that can arise, also. Before you embark on an Open Innovation platform, you must engage an experienced IP professional to make sure that your patent and other legal rights are not compromised by such external collaboration.Jackie Hutter, IP Strategisthttp://www.blogger.com/profile/12023310886433949839noreply@blogger.comtag:blogger.com,1999:blog-9155427933166618966.post-11634568698223358492008-07-21T23:19:00.000-07:002008-07-21T23:19:00.000-07:00Open Innovations is something I am really looking at whether it works or not. Cause I am not sure how far innovations can be from external sources. Probably the implementation of innovations can be aided more effectively from external sources. What do you think??<BR/><BR/>~Priyanka<BR/>www.mahindrauniverse.comPriyankawww.mahindrauniverse.comnoreply@blogger.com