ILMA Compoundings - July 2019 - 18

Protecting and
Enforcing Product
Patents
By Ed Finkel

Consider nondisclosure agreements and
trade-secret status upfront, draft patent
language that defines your intellectual
property clearly and cleanly - then
enforce, enforce, enforce

Y

our company has created a new formula for a
lubricant. How do you ensure that your intellectual
property is safeguarded so you're the ones who profit
from this invention?
The decision tree in answering this question can lead in
different directions depending upon the circumstances,
but in any case, companies should have their possible steps
mapped out in advance and should start heading down the
decision tree before they're ready to file a patent application,
said Jeff Leiter, general counsel for ILMA.

Pre-Patent

Prior to the application stage, lubricant manufacturers
need to ensure that anyone who's aware of the potential
patentable invention signs a nondisclosure agreement, Leiter
said. "Assume that everyone's trying to rip you off," he said.

18

JULY 2019

| COMPOUNDINGS | ILMA.ORG

"If I've got somebody visiting the plant, if I'm testing the
product and working with customers on whether this [formulation] is going to work, I've got to have nondisclosure in
place. What kinds of things do I need to protect myself to
make sure this doesn't get stolen?"
In some cases, nondisclosure agreements can be forerunners to licensing agreements with customers with whom a
lubricant manufacturer wants to partner, Leiter said. "Do I
want to make money on it by licensing to other businesses
who might want to take it and run with it? You can look at
your [nondisclosure agreement] as a way to work through
that [process]," he said.
In addition to customers and potential licensees, companies need to make sure their own employees are not able
to walk away with intellectual property before it's patented,
usually by having a written policy that everything employees


http://www.ILMA.ORG

ILMA Compoundings - July 2019

Table of Contents for the Digital Edition of ILMA Compoundings - July 2019

LETTER FROM THE CEO
INSIDE ILMA
WHAT’S COMING UP
NEW MEMBERS
INDUSTRY RUNDOWN
In the Know
International Insight
Market Report
PROTECTING AND ENFORCING PRODUCT PATENTS
GOING GLOBAL
LESSONS LEARNED ON THE ROAD TO ILSAC GF-6
BUSINESS HUB
COUNSEL COMPOUND
WASHINGTON LANDSCAPE
IN NETWORK
Member Connections
PORTRAIT
ILMA Compoundings - July 2019 - Cover1
ILMA Compoundings - July 2019 - Cover2
ILMA Compoundings - July 2019 - 1
ILMA Compoundings - July 2019 - 2
ILMA Compoundings - July 2019 - LETTER FROM THE CEO
ILMA Compoundings - July 2019 - INSIDE ILMA
ILMA Compoundings - July 2019 - 5
ILMA Compoundings - July 2019 - 6
ILMA Compoundings - July 2019 - 7
ILMA Compoundings - July 2019 - WHAT’S COMING UP
ILMA Compoundings - July 2019 - 9
ILMA Compoundings - July 2019 - 10
ILMA Compoundings - July 2019 - NEW MEMBERS
ILMA Compoundings - July 2019 - INDUSTRY RUNDOWN
ILMA Compoundings - July 2019 - In the Know
ILMA Compoundings - July 2019 - International Insight
ILMA Compoundings - July 2019 - 15
ILMA Compoundings - July 2019 - Market Report
ILMA Compoundings - July 2019 - 17
ILMA Compoundings - July 2019 - PROTECTING AND ENFORCING PRODUCT PATENTS
ILMA Compoundings - July 2019 - 19
ILMA Compoundings - July 2019 - 20
ILMA Compoundings - July 2019 - 21
ILMA Compoundings - July 2019 - 22
ILMA Compoundings - July 2019 - 23
ILMA Compoundings - July 2019 - GOING GLOBAL
ILMA Compoundings - July 2019 - 25
ILMA Compoundings - July 2019 - 26
ILMA Compoundings - July 2019 - 27
ILMA Compoundings - July 2019 - LESSONS LEARNED ON THE ROAD TO ILSAC GF-6
ILMA Compoundings - July 2019 - 29
ILMA Compoundings - July 2019 - 30
ILMA Compoundings - July 2019 - 31
ILMA Compoundings - July 2019 - BUSINESS HUB
ILMA Compoundings - July 2019 - 33
ILMA Compoundings - July 2019 - COUNSEL COMPOUND
ILMA Compoundings - July 2019 - 35
ILMA Compoundings - July 2019 - WASHINGTON LANDSCAPE
ILMA Compoundings - July 2019 - 37
ILMA Compoundings - July 2019 - Member Connections
ILMA Compoundings - July 2019 - 39
ILMA Compoundings - July 2019 - PORTRAIT
ILMA Compoundings - July 2019 - Cover3
ILMA Compoundings - July 2019 - Cover4
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