Legally Protecting Your Innovations (Chris Proskey - BrownWinick Law Firm)

It’s time to dive into important aspects of custom manufacturing in the context of legal contracts and agreements. To cover this adequately, we are joined by Chris Proskey, a partner at BrownWinick Law Firm who specializes in patent, trademark and intellectual property. We will cover the importance of defining who owns the intellectual property during the custom manufacturing process. He also strongly emphasizes the importance of having well-structured agreements detailing clear responsibilities, aligned incentives and fair terms. Finally, we will navigate discussions on dispute resolution, articulating that though litigation is never desirable, there should exist a clear, amiable resolution path in agreements. Our conversation concludes with an emphasis on the importance of understanding intellectual property rights and the critical role they play in the manufacturing industry.01:06 Importance of Legal Contracts in Manufacturing02:31 Understanding Intellectual Property in Manufacturing03:27 Crafting Effective Agreements05:57 Avoiding Pitfalls in Contract Drafting12:23 Understanding and Navigating Force Majeure17:19 Intellectual Property in Development Agreements23:25 Understanding Milestones and Deliverables in Agreements25:31 The Importance of NDAs and Their Nuances32:37 Addressing Quality Issues in Manufacturing36:44 Navigating Contract Termination40:03 Resolving Disputes and Conflict Management45:00 Closing Thoughts on the Legal LandscapeResources:A Triple Play for Industrial OEMs - Polo Custom ProductsLearn more about Polo Custom ProductsPolo Custom Product designs, engineers, and manufactures custom products for OEMs in the medical, fire & safety, and defense industries. Polo Custom Products has experts on staff to globally source and procure your specialty formulation materials. Our experts in quality assurance test and ensure all custom products meet standards and your requirements. This show is part of the ICT Podcast Network.  For more information visit ictpod.net