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ARTICLE · 18 MARCH 2024

How To Avoid Common Pitfalls And Protect IP In Today's Life Sciences Industry Joint Ventures

Finnegan, Henderson, Farabow, Garrett & Dunner LLP
Finnegan, Henderson, Farabow, Garrett & Dunner LLP
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Finnegan, Henderson, Farabow, Garrett & Dunner LLP

Finnegan, Henderson, Farabow, Garrett & Dunner LLP

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Nimble emerging innovators often seek corporate partners who can provide the resources needed to bring products to market and, increasingly...

United StatesIntellectual Property
Laura Masurovsky
Laura Masurovsky
Jeffrey Jacobstein
Jeffrey Jacobstein
Lauren J. Robinson
Lauren J. Robinson
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Nimble emerging innovators often seek corporate partners who can provide the resources needed to bring products to market and, increasingly, many companies are utilizing Artificial Intelligence to speed the development process in these collaborations.1 Joint ventures can be critical for innovative health tech companies to fund new R&D and pursue intellectual property protection for those investments. As such, it is important to understand the common pitfalls and discuss licensing and joint venture agreement strategy early in the development of the technology.

Understand the Scope of Your Rights and Responsibilities for Today and Tomorrow

Before even getting to the nuanced questions raised by Artificial Intelligence in a collaboration, innovative companies must consider the basic challenges of partnering in the health tech space. When partnering up in a joint venture, companies should understand precisely what rights the agreement confers and for how long. Most

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