I sat down with Paige Hulse of Paige Hulse Law, PLLC, to discuss intellectual property as it relates to AI and business succession planning.
If you are a leader, who wants to better position your business for the future, this episode is for you.
Paige Hulse is an intellectual property attorney, business strategist, and serial entrepreneur. Since forming her own law firm in 2017, Paige has built 5 additional companies. As an entrepreneur herself, she finds the deepest fulfillment in practicing law as an advocate for fellow entrepreneurs. In addition to assisting clients with the creation and protection of their intellectual property, she focuses a majority of her work as an outside general counsel. In this role, she assists businesses in implementing intellectual property strategies for legacy-building succession plans.
KEY MOMENTS
00:00 Introduction and Background
01:28 The Role of Intellectual Property in Business Succession Planning
05:38 Identifying IP Assets
08:55 Importance of Securing IP
12:54 Positioning Your Business for Future Opportunities
17:41 The Dangers of 50/50 Partnerships
25:47 Processes and Methodologies in Succession Planning
31:11 Social Media and Proprietary Information
36:42 Artificial Intelligence meets Copyright Laws and Trademark Laws
39:01 The Wild West of AI and Creator Responsibility
45:38 Transparency and Value Preservation through AI Disclaimers
53:50 Barriers to Switching Between AI Tools
55:30 Maintain Leverage in Your Business
01:01:16 Small Business and AI Responsibility
Outside Intellectual Property Counsel
Securing registration is the first step in your business’ ongoing intellectual property plan, but it’s just that- the first step in an ongoing plan. Maintaining those rights are as critical as obtaining those rights in the first place.
Our OIPC option protects your time and peace of mind, along with your legacy and intellectual property. This has been a glaring need in the online business world. In the past 24 months, we’ve seen 60% drop in successful due diligence searches, a 40% rise in likelihood of confusion office actions, and at least 3x the amount of infringement disputes within our firm. In other words, the USPTO is quite literally running out of available trademarks, and businesses are collecting trademarks. We currently have three OIPC spots available for Q2. [learn more]
Thank you for listening to this episode of Lead with Excellence!
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