News Hub | News Direct

Professional Services

Architecture CRM/Customer Service Consulting Government & Policy Human Resources Intellectual Property/Trademark/Patent Law Legal
Article thumbnail News Release

COVID: Patents Being Abandoned At Triple The Normal Rate According to BlueIron Study

BlueIron, LLC

An updated analysis by BlueIron shows that the COVID crisis has dramatically affected business's IP strategy. This lack of confidence in the future has never been seen before and has severe implications. "Patents represent a company's confidence in the future and their ability to innovate. Companies get patents because they believe in their innovations and that they will be successful in the market," says Russ Krajec , CEO of BlueIron, which finances patent portfolios for innovative companies. "COVID has been shaken this confidence in ways we have never seen before." The abandonment rate has shot up since COVID started, especially for Small Entities, which are companies of less than 500 people. As reported in March , the abandonment rate nearly doubled, but in July, the trend has continued with abandonments nearly tripling. For Small Entities, the abandonment rate has gone from 11.7% to 31%. For Large Entities, the abandonment rate has doubled from about 6.5% to 13%. Abandonments are pending patent applications where the applicant has decided to quit prosecution. These data are from when the USPTO examiner has issued a rejection and the applicant has refused to respond, letting the patent go abandoned rather than invest more money in it. The average number of rejections for US patents is about 4.2 per patent. "Patents are 20 year assets and are typically are not affected by short term market swings. A similar study during the 2008 recession showed patent abandonment rate being very steady," says Krajec . "However, the COVID crisis has changed things in ways we have never seen before." "Certainly, companies are taking a very hard look at expenses and IP costs are one way to conserve cash during lean times. But cutting off the future value of your company by abandoning patents shows a completely different type of thinking than we have seen before." About BlueIron: BlueIron provides IP-related financing for companies from startups to publicly traded companies. BlueIron finances the cost of getting a patent and building patent portfolios, provides insurance for enforcement and defense of those patents, and can provide $2-5M loans using patents as collateral. You can read the BlueIron blog here. About Russ Krajec: Russ Krajec is a registered patent attorney who has been practicing for over 20 years, as well as a podcaster, blogger, and author. His book “Investing In Patents” describes the business criteria used to identify good inventions and good patents. Krajec is the host of the Patent Myths podcast, which looks at IP from a business standpoint. Contact Details Russ Krajec +1 970-776-4355 russ.krajec@blueironip.com Company Website https://blueironip.com

July 13, 2020 01:00 PM Mountain Daylight Time

Image
Article thumbnail Digital Asset Direct

Minuteman Press Franchise Video Explains Every Door Direct Mail (EDDM) Printing, Marketing and Mailing Services for Businesses

Minuteman Press International

Contact Details Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

July 13, 2020 09:10 AM Eastern Daylight Time

Image
Article thumbnail News Release

Mike Tague Rejoins Interfirst Mortgage to Lead Western Division Wholesale Production Channel

Interfirst Mortgage Company

Interfirst Mortgage Company (Interfirst and/or Company), a private equity-backed mortgage originator, announced today that Mike Tague has rejoined the Company as Vice President, Western Division Production for the wholesale channel. In his new role, Mr. Tague will focus on growing Interfirst’s wholesale channel throughout the West by adding top-performing and relationship-driven Account Executives as the Company builds its presence across the U.S. Mr. Tague brings with him 30 years of mortgage industry experience and has spent 25 years building sales teams, expanding branch operations and growing existing markets in the wholesale channel. During his career, Mr. Tague has held the position of Vice President of Wholesale at numerous lenders including The Money Source, Peoples Home Equity, Ethos Lending LLC and Finance of America Mortgage LLC. Mr. Tague first joined Interfirst in 2011, where he was instrumental in growing wholesale production to more than $1 billion per month. “We are thrilled to have Mike back at Interfirst as a key leader in our wholesale business,” said Mark Freedle, Executive Vice President, Production. “Mike has a dynamic, relationship-driven leadership approach and an unmatched track record for building a strong wholesale production team that will help Interfirst expand quickly across the Western region of the U.S.” Mr. Freedle added, “Interfirst fully supports the mortgage brokerage community with a broker-centric approach, and the technology, competitive products/pricing and service to help mortgage brokers build and grow a successful and sustainable business. We have the ability to deliver a cost-efficient process driven by our proprietary technology platform that allows mortgage brokers to better serve customers and close more quality loans quickly at the most competitive price.” “My first experience at Interfirst was one of the best in my career and I am excited to be back working with Dmitry Godin, Mark and the rest of the leadership team,” commented Mr. Tague. “The new Interfirst is focused on transforming the way consumers obtain residential mortgages – and reenters the wholesale channel without any legacy challenges. Our objective is to enable our mortgage broker partners to operate efficiently and friction free through a technology-driven model based on service, speed, competitive offerings and sustainability – and empower them to exceed their own expectations and help their clients.” Seven top-producing Account Executives, most of whom generated more than $30 million in mortgage originations per month in 2019, and previously worked at Interfirst, have already joined Mr. Tague’s team. These Account Executives, who all have over 20 years of mortgage industry experience, include Sarah Daniels in Colorado, Thomas Corvo in Hawaii, Chip Mamiya in California, Conrad Tan and Donna Browne in Northern California, Dee Morelli in Illinois, and Chris Jenkins in Utah. Interfirst is working diligently to expand its loan offering to all 50 states by the end of 2020, which will be an important milestone in the business strategy the Company initiated in January. To learn more, Mr. Tague can be reached at mtague@interfirst.com . About Interfirst Interfirst Mortgage Company is a private equity-backed mortgage originator that is transforming the way consumers obtain residential mortgages. Founded in 2001, and relaunched in 2020, Interfirst is built on a new proprietary loan origination technology platform and an expanded business model featuring a newly integrated retail and wholesale offering. With innovation at its core, Interfirst enables mortgage broker partners and loan originators the ability to operate efficiently and friction free through a technology-driven model based on service, speed, competitive products/pricing and sustainability. Interfirst is currently licensed in 13 states including Colorado, Delaware, Florida, Illinois, Louisiana, Michigan, Minnesota, Mississippi, Ohio, Texas, Utah, West Virginia and Wisconsin, with plans in place to be licensed in all 50 states. Visit Interfirst.com or contact 800.520.7087 to learn more. Contact Details Cate Cronin +1 202-738-7302 ccronin@levick.com Company Website https://www.interfirst.com/

July 13, 2020 08:01 AM Eastern Daylight Time

Image
Article thumbnail News Release

Minuteman Press Franchise in Marietta Inspires Community to Bounce Back from COVID-19

Minuteman Press International

Bounce Back Marietta , part of Bounce Back USA , provides free business listings and connects community members with businesses so they can support each other at this time. For Judith Danny and the Minuteman Press franchise in Marietta, GA, the Bounce Back initiative led to an out-pouring of support from local businesses and a community-wide celebration for the Class of 2020. Local business owner Judith Danny of Minuteman Press Marietta explains three ways that Bounce Back Marietta was embraced by fellow business owners and residents: “1. One of the first people to contact me after my first Bounce Back email blast was Kelly, an employee and a mother of a 2020 graduate at Marietta High School. She wanted to direct the school’s printing operations to Minuteman Press in order to support local businesses. We were talking about her son’s graduation materials and that led to discussing the possibility of school-wide graduation signs. A couple of weeks later, over 500 contour-cut yard signs of the graduates’ smiling faces lined the front of the high school. This unique graduation celebration made the front page of the local newspaper and received thousands of views on social media.” “2. The owners of Marco’s Pizza and Marietta Perks were inspired by my example to remain open. They cited Bounce Back’s “supportive community” as a source of hope during these times. Both businesses were in the middle of pre-opening renovations just as the shutdown happened, so there was no better time to find support.” “3. Jennings Music was the first business to advertise in the Bounce Back Marietta website, because they remained hopeful. They realized that the possibility of serving customers is reason enough to stay open and stay the course.” “By quickly adapting during COVID-19 and embracing the nationwide Bounce Back USA initiative launched by Minuteman Press International, Judy has been able to earn business, reinforce relationships, and serve as a great example for other businesses in Marietta,” adds Dave Walton, Minuteman Press Regional Vice President. For information on Minuteman Press Marietta, GA, visit https://www.marietta.minutemanpress.com . Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com . Contact Details Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

July 10, 2020 10:09 AM Eastern Daylight Time

Image
Article thumbnail News Release

National Bar Association - Commercial Law Section Launches Inaugural ‘Black Lawyers Matter’ Virtual Internship Program

National Bar Association - Commercial Law Section

The National Bar Association - Commercial Law Section (NBA-CLS) recently announced the launch of its NBA-CLS Black Lawyers Matter (BLM) Internship Program, designed to positively impact diversity in the legal profession. The BLM Program will be a virtual program that provides training, exposure, and opportunities to diverse students facing the challenge of securing quality employment, by partnering with corporate legal departments and law firms that are dedicated to taking more meaningful steps towards promoting diversity, equality, and inclusion. This year further highlighted unprecedented challenges to the Black community including, but not limited to, quality job opportunities being delayed, revoked, or completely eliminated—and the legal industry is not exempt. Recent events in the United States towards members in the Black community have encouraged NBA-CLS to strengthen the steps taken to further our mission of increasing the diversity of outside counsel ranks and expanding the pipeline of African Americans entering the legal profession. “As NBA-CLS focuses on closing gaps caused by the systematic racism that permeates the legal profession and our society as a whole, one immediate action that we are taking is to launch an internship program specifically for diverse students that have been disproportionately impacted by having limited access to job opportunities,” said LaTanya Langley, Chair of the NBA-CLS BLM Action Committee. The BLM Program will match law students with corporate legal departments or law firms in practice areas, including, but not limited to Commercial, Corporate, Intellectual Property, Litigation, Employment, Regulatory, Compliance, and Governance. NBA-CLS will provide $10,000 in salary per student (and a total of $40,000) to cover a full-time assignment for 8-10 weeks. The BLM Program will begin in late July 2020 with rolling start dates and will end in September 2020 (or as otherwise agreed with the host corporation or firm). According to the National Association for Law Placement (NALP), racial minorities remain underrepresented in the leadership ranks of legal services organizations. People of color made up about 25% of associates but accounted for less than 8% of equity partners among all firms who participated in a 2019 NALP survey . Black attorneys accounted for less than 2% of partners among the firms surveyed by NALP, while black women accounted for less than 1%. “The first step is recognizing that the gap between the demographic makeup of the industry and that of our community reflects the presence of barriers to entry into the profession,” said Andrew Nunes, incoming NBA-CLS Chair. “To remain complacent and idle with this state of affairs, especially in light of recent events, is not only a disservice to diverse lawyers but our industry and society as a whole. As a result, we are eager to launch our BLM Internship Program to increase opportunities for racialized law students and to help cultivate an industry that is more demographically representative of the population.” If your firm or corporation is interested in partnering with NBA-CLS by providing or sponsoring an opportunity for a student in the BLM Program, please contact LaTanya Langley at info@nbacls.com for more information. If you are a law student and you are interested in the BLM Program, please submit your resume and cover letter no later than July 17, 2020, to info@nbacls.com . About National Bar Association - Commercial Law Section The mission of the NBA Commercial Law Section is to bring its outside counsel members together with in-house counsel who seek to increase the diversity of their outside counsel ranks and to provide networking and education forums to address the interests of NBA members practicing in the area of commercial law. The NBA Commercial Law Section is also committed to serving the community and expanding the pipeline of African Americans entering the legal profession. For more information visit www.nbacls.com. Contact Details Andrew Nunes +1 416-865-4510 anunes@fasken.com Company Website https://nbacls.com/

July 10, 2020 10:00 AM Eastern Daylight Time

Article thumbnail News Release

Center for the Study of Capitalism at Wake Forest University Hosts Diversity & Inclusion Webinar

LEVICK

Wake Forest University’s Center for the Study of Capitalism will host a July 15 webinar titled, “Doing the Right Thing: How Companies Lead in the New Age of Diversity & Inclusion.” The event will focus on potential diversity and inclusion initiatives for businesses currently rethinking their policies and communications tactics. The panel’s evolution was prompted by the recent focus on the Black Lives Matter protests that have generated far more conversation than all other social issues – abortion, immigration, gun control, #MeToo – combined . The panel will be hosted by the Center for the Study of Capitalism at Wake Forest University, a research and teaching center and a trusted source of information about well-functioning democratic capitalism. The panel will be hosted by Richard Levick, Chairman and CEO of LEVICK and Executive Affiliate of the Center for the Study of Capitalism. Webinar panelists include: Neil Foote, Foote Communications Kurt Bardella, LEVICK William Ide, Akerman Chris Jackson, Ipsos Derede McAlpin, LEVICK “Since the murder of George Floyd and the Battle of Lafayette Square, diversity and inclusion have dominated our society’s debate in ways they haven’t since the great Civil Rights movement of the 1960s,” Levick said. “All the CEOs, general counsels and board members we have spoken with recognize this historic nature of this moment and tell us ‘We want to do the right thing, but we don’t fully know what or how.’ This webinar is designed to provide the pathway.” While some companies have made significant changes to their policies policy to respond to the Black Lives Matter movement and the public’s outcry for corporate action, many are still asking how and what to do while others are unnecessarily immobilized by past actions or inactions. The webinar will include communications and legal experts who will examine the internal and external changes that companies need to adopt given societal upheaval. For more information on the webinar, visit https://capitalism.wfu.edu/events/doing-the-right-thing-how-companies-lead-in-the-new-age-of-diversity-inclusion/ About the Center for the Study of Capitalism The Center for the Study of Capitalism at Wake Forest University is a research and teaching center and a trusted source of information about well-functioning democratic capitalism. Contact Details Maria Stagliano +1 404-245-0899 mstagliano@levick.com Company Website https://www.levick.com

July 10, 2020 09:30 AM Eastern Daylight Time

Article thumbnail News Release

Current Patent Litigation Costs Are Between $2.3 to $4M - from the BlueIron blog

BlueIron, LLC

Patent litigation in the US has two major stages: claim construction (sometimes called a Markman hearing) and a trial for infringement and damages. In a vast majority of cases, once the claim construction is done, the writing is on the wall and a settlement happens. "With the cost of litigation at an all-time high, patent enforcement and defense insurance makes sure you have the ability to survive," says Russ Krajec of BlueIron, a patent-finance company. The American Intellectual Property Lawyer’s Association (AIPLA) issues a bi-annual survey of IP-related costs . In the latest survey, the claim construction portion of a patent litigation ranges from $250,000 for less than $1M at risk to $2.375M for cases where $25M or more is at risk. For the entire trial, the AIPLA says that for less than $1M at risk, the trial will cost $700,000, while the very high value cases will cost $4M or more. “The AIPLA data says that with less than a million dollars at stake, both parties will have to spend $700K – or a total of $1.4 million dollars to fight a patent lawsuit,” says Krajec. “That is crazy that the expenses are so high.” “Startup companies are always cash-constrained,” continues Krajec. “No startup has the cash reserves required to go up against a Big Tech company that decides they want to use the startup’s technology. Not only does this happen in technology-based companies, but it is standard practice with the life sciences space. Certain big companies find it cheaper to blatantly infringe a startup’s patents and just dare them to sue.” Patent enforcement and defense insurance gives a startup the means to survive patent litigation, yet few startups bother to get these policies. “Most angel investors who are board members require a startup to have director’s and officer’s insurance. Over the last decade there were fourteen patent lawsuits for every individual D&O claim,” says Krajec. BlueIron is a broker for patent enforcement and defense insurance policies, including policies written by Intellectual Property Insurance Services Corporation in Louisville, Kentucky. “IP insurance is the only insurance we sell, as part of our whole patent-based financing options for companies from startups to publicly traded companies.” Schedule a call with BlueIron and see if Intellectual Property Insurance is right for your company. Learn more about Patent Litigation here on the BlueIron blog. Learn more about BlueIron's IP insurance here. The PatentMyth Podcast has an episode on patent insurance. About BlueIron: BlueIron provides IP-related financing for companies from startups to publicly traded companies. BlueIron finances the cost of getting a patent and building patent portfolios, provides insurance for enforcement and defense of those patents, and can provide $2-5M loans using patents as collateral. You can read the BlueIron blog here. About Russ Krajec: Russ Krajec is a registered patent attorney who has been practicing for over 20 years, as well as a podcaster, blogger, and author. His book “Investing In Patents” describes the business criteria used to identify good inventions and good patents. Krajec is the host of the Patent Myths podcast, which looks at IP from a business standpoint. Contact Details Russ Krajec +1 970-776-4355 russ.krajec@blueironip.com Company Website https://blueironip.com

July 10, 2020 08:02 AM Eastern Daylight Time

Article thumbnail News Release

Patent Myths from BlueIron: You Should Never File A Provisional Patent Application

BlueIron, LLC

“Provisional patent applications are widely touted as the go-to thing for startup companies or independent inventors, but they are always the wrong thing to do,” says Russ Krajec , CEO of BlueIron , a company providing IP-related funding for emerging companies. A provisional patent application has a lower filing fee than a conventional, non-provisional patent application, and many patent attorneys will do provisional applications for much less than a “full” or non-provisional patent application. A provisional patent application has a one-year deadline to convert to a non-provisional patent application, so many people use this opportunity to add more material to the patent application. Even the United States Patent and Trademark Office suggest that independent inventors use the provisional patent application route. “From a business and economic standpoint, the provisional patent application creates more problems than it solves,” says Krajec, a registered patent attorney. “The provisional application process is designed to delay getting a patent, but in almost every situation, it is better to speed up the process – the exact opposite of the provisional.” The faster a company can get its patent, the faster the company can license and enforce their technology. The faster the patent issues, the more value the company has when it is raising money or getting loans using IP as collateral. “The difference in filing fees between a provisional and non-provisional patent application is about $600. When raising money, a provisional patent application screams to an investor ‘I don’t think this patent application was worth the extra $600 to file it as a non-provisional!’” explains Krajec. “Some sophisticated angel investors see provisional patent applications as ‘angel bait.’ Many entrepreneurs know their patents might be worthless, but they do provisionals to satisfy gullible angel investors.” A low-cost provisional patent application often results in a loss of international filing rights, but always results in a delay in getting an enforceable/licensable asset, and a more expensive patent overall. “Many entrepreneurs are mistaken that just because they filed a ‘thin’ provisional application that they are ‘protected.’ But the actual protection only starts when the complete, non-provisional patent application is filed.” To learn more, please visit the BlueIron Blog "Should I File a Provisional Patent Application" or the PatentMyths podcast episode entitled “The Myth of Provisional Patent Applications” . About BlueIron: BlueIron provides IP-related financing for companies from startups to publicly traded companies. BlueIron finances the cost of getting a patent and building patent portfolios, provides insurance for enforcement and defense of those patents, and can provide $2-5M loans using patents as collateral. You can read the BlueIron blog here. About Russ Krajec: Russ Krajec is a registered patent attorney who has been practicing for over 20 years, as well as a podcaster, blogger, and author. His book " Investing In Patents " describes the business criteria used to identify good inventions and good patents. Krajec is the host of the Patent Myths podcast, which looks at IP from a business standpoint. Contact Details Russ Krajec +1 970-776-4355 russ.krajec@blueironip.com Company Website https://blueironip.com

July 09, 2020 11:06 AM Mountain Daylight Time

Article thumbnail Digital Asset Direct

Minuteman Press Franchise Reviews How Print is Essential With Infographic

Minuteman Press International

Contact Details Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

July 09, 2020 11:11 AM Eastern Daylight Time

Image
1 ... 169170171172173