Corporate Officers and Directors Beware: You Can Be Liable for Mismanaging Intellectual Property

• Author: Alexander I. Poltorak/Paul J. Lerner
• Profession: Is the founder, Chairman, and CEO of General Patent Corporation (GPC), an intellectual property (IP) firm focusing on intellectual property strategy and valuation, IP licensing, and enforcement/Is the Senior Vice President and General Counsel of General Patent Corporation (GPC)
• Pages: 92-103

C07 12/14/2010 9:53:43 Page 92

CHAPTER 7

Corporate Officers and

Directors Beware:

You Can Be Liable

for Mismanaging

Intellectual Property

After reading this chapter you will be able to:

Understand the responsibilities of corporate officers and

directors with respect to the management of intellectual

property and the extent to which such responsibilities may

be delegated.

Understand the liabilities that may attach to corporate officers

and directors who fail to satisfy their duty of care with respect

to the management of intellectual property or are responsible

for acts of infringement.

Develop a program to satisfy officers’ and directors’

intellectual property management responsibilities.

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