Many Twin Cities companies protect their rights to unique products, technologies, and services by registering trademarks, filing patents and obtaining copyrights. Companies also may ask their employees to sign non-compete agreements in order to protect a business from being undermined by competitors. In some cases, even when a company has all of the proper copyright and trade secret protections in place, a competitor may still find a way to illegally slant the playing field.
A patent-licensing company has sued Boston Scientific Corp. over a reported secret settlement agreement Boston Scientific reached with Twin Cities-based St. Jude Medical Inc. According to a news report, the patent firm Mirowski Family Ventures - owned by the family of the man who invented the pacemaker - is accusing Boston Scientific of breaching a contract, and engaging in unjust enrichment and constructive fraud due to its deal with St. Jude.
Business owners here in the Twin Cities may have heard that earlier this month the Supreme Court issued a ruling that may limit employer liability in harassment cases. Employers should be aware that, in spite of this ruling, their obligations to prevent and put a stop to sexual harassment, and other types of harassment, remain about the same.
Building a successful family business and passing it down to one's heirs is the dream of many Minnesotans. Unfortunately, even those who are successful in step one of this process can fail to prepare for the complications that might arise in step two. When a business owner transfers a family business to adult children, there is much that can go terribly wrong.
In American public life, politicians who agree on little else both acknowledge that the role of entrepreneurs and small businesses is crucial to us all. For the U.S. to regain its economic vitality - and create jobs that will help heal the scars of the Great Recession - dynamic companies must emerge to drive the next waves of innovation.
When most of us think of a trespass, we think of a person going onto someone else's property. But is it possible to have a trespass involving a chemical substance that strays from one landowners' land to another's?
Earth Day is less than three weeks away. But controlling pollution and honoring the Earth while also protecting commercial property rights is no easy matter.
Minnesota is no stranger to the financial fallout from major Ponzi schemes. The Trevor Cook and Tom Petters cases occurred here, and both led to huge losses for investors.
In a segment of the economy that relies heavily on branded products, it is vital to establish and enforce copyrights, trademarks, and other intellectual property rights. It can take years to build a successful brand, and disputes often arise when another company seems to be copying the packaging or other attributes of an established product.