April 7th, 2009
Video:
Nonprofits: Roxanna Thomas (Z166748@students.niu.edu) and Deeba Yunus (dayunus@gmail.com)
Nonprofits are a necessary part of governments’ functionality, so they get lots of funding.
Build credibility as an organization. Make sure that you are doing what you need to do.
Patents: Mike Baima (mbaima@reinhartlaw.com) – no “pro-bono” work
Important for monetary gain
Prestige of being on a patent
Patentable – New, Not obvious, Usable
Very nuanced field – not recommended that you attempt to get a patent by yourself
When contacting a patent agent/attourney, give them as much information as possible. Cite prior art. Alternative embodiments, show what your invention is, and why it is different
Market cost: 15-20k
Patent/Prior-art search: $700 – $1500 - good indicator for patentability, helps drafter to make a
Patent agent/attorney cannot capitalize on any ideas because of duty of confidentiality.
Title 35 – Publicly disclose – can haunt. Avoid non-confidential disclosures.
Tax Law: Clarissa Wilkerson (clarissa.wilkerson@gmail.com) & Sandra Polanco
Liability: A safer business structure that keeps your personal assets safe
File documents like incorporation.
Limited Liability: Flexible and Safer. No elections
Sole Ownership: Simple to establish, but not flexible
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