Gideon Korrell Highlights the Future of Intellectual Property in Technology Deals
In todayβs fast-changing world of innovation, intellectual property (IP) plays a central role in shaping technology deals. For businesses developing new solutions, protecting ideas is just as important as bringing them to market. Gideon Korrell, a lawyer with a strong engineering background, shares insights on how the future of IP is evolving and what companies should consider as they move forward.
The Link Between Technology and Intellectual Property
Technology companies rely on IP rights to safeguard inventions, software, and creative works. From patents and copyrights to trade secrets and trademarks, these protections are essential in negotiations and partnerships. According to Gideon, the value of a deal often depends on how well IP assets are defined and protected. Without clear ownership, disputes can arise, delaying growth and reducing trust between partners.
Shifting Trends in IP for Technology Deals
Several key trends shape the future of IP in technology deals:
1. Growth of Clean Energy and Sustainable Technology
As businesses focus more on clean energy and sustainability, IP in this space is gaining importance. Companies are investing in renewable energy, storage systems, and green solutions. Protecting these innovations ensures that businesses can attract investment and maintain a competitive edge.
2. Increasing Role of Software and Data
Technology deals are no longer limited to hardware or traditional products. Software, algorithms, and data ownership have become central issues. Gideon points out that contracts must clearly address who owns the code, how data is shared, and what restrictions apply to its use.
3. Collaboration Across Borders
Many technology deals involve international partners. This makes IP protection more complex, as laws differ across countries. Businesses must carefully plan global strategies to ensure their innovations remain protected worldwide.
4. Integration of Artificial Intelligence
Artificial intelligence (AI) is reshaping industries. With AI tools generating content, designs, and even code, questions arise about who owns the output. Gideon emphasizes the need for clear agreements that define ownership and usage rights in AI-driven projects.
Why Intellectual Property Matters in Negotiations
In technology deals, IP is more than a legal formality, it is often the most valuable asset. Investors, buyers, and partners look at IP portfolios to measure the strength of a business. If ownership is unclear or if patents are weak, it can reduce the overall value of a deal.
Strong IP protection helps companies:
Secure funding from investors
Build trust with business partners
Avoid costly disputes and litigation
Strengthen their market position
Preparing for the Future of IP
Businesses that want to stay ahead must take proactive steps when managing their intellectual property.Β
Gideon suggests a few practical approaches:
Audit IP regularly: Companies should review their IP assets to make sure they are up to date and properly registered.
Integrate IP into contracts: Every deal, from joint ventures to licensing agreements, should clearly define IP ownership and usage rights.
Stay informed about global changes: Since IP laws evolve, businesses need to track updates in the markets where they operate.
Protect innovation early: Filing for protection at the right time can prevent competitors from gaining an advantage.
Conclusion
The future of intellectual property in technology deals is becoming more dynamic, driven by innovation, global collaboration, and new legal challenges. Gideon Korrell highlights that IP is not only about legal protection but also about creating value and building trust. Companies that take a forward-looking approach to IP will be better prepared to succeed in the competitive technology landscape.
