The blog post discusses how legal provisions, such as a simple confidentiality agreement, a consulting agreement or a multi-billion dollar license, are often a source of misunderstanding, confusion and frustration.
In the post, Konstantin Linnik, who serves as co-chair of the Legal & Regulatory Working Group at MassBio, relays the story of Dr. Joseph Grocela, a urologist at Massachusetts General Hospital who also moonlighted as a medical device entrepreneur, and details how misunderstanding a basic legal provision in an employment contract may lead to dashed dreams and a lengthy legal dispute.
He points out that the lesson is to always read and understand any agreement, even if it’s not called a contract, and seek legal help to understand implications when in doubt.
To read the MassBioHQ blog post, click here.
Maximizing the protection and value of intellectual property assets is often the cornerstone of a business's success and even survival. In this blog, Nutter's Intellectual Property attorneys provide news updates and practical tips in patent portfolio development, IP litigation, trademarks, copyrights, trade secrets and licensing.