IP Hazards of Crowdfunding (MP3 Audio Download)
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IP Hazards of Crowdfunding (MP3 Audio Download)

IP Hazards of Crowdfunding (MP3 Audio Download)
Product Code: CET13HOCAUD
Faculty: Mark Nowotarski, Gwilym Roberts, Chrissie Scelsi
Recording Date: March 14, 2013
Page Count: 31
Running Time: 90 minutes
Credit Hours: 1.5
Ethics Hours: 0
Sponsoring Entities: Center for Professional Development, Section of Intellectual Property Law
Topics: Intellectual Property Law
Format: Audio Download - CET13HOCAUD
Other Formats: CD - CET13HOCCDR Online Course - CET13HOCOLC
Pricing: $129.00 (Regular)
$109.00 (ABA Member) ABA Members, Log in now to receive this discount!
$89.00 (Section of Intellectual Property Law) ABA Members, Log in now to receive this discount!
$89.00 (Young Lawyers Division) ABA Members, Log in now to receive this discount!
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Crowdfunding is an internet based method of raising funds for a variety of endeavors including: artistic projects, new product production costs, charitable projects, and start-up costs of new businesses. You may know such portals in the U.S. and Europe as Kickstarter, Indiegogo, and Seedrs (UK). Each project is posted on a funding portal with a video solicitation. Potentials backers of projects are offered different rewards in exchange for backing at different monetary levels. Rewards may be physical objects, services and, in Europe, equity and debt. Funding portals in the U.S. will be able to offer equity and debt once the SEC implements rules mandated by the recently passed JOBS Act.

While exciting, crowdfunding backers, creators, and the portals themselves face very real IP legal hazards. These hazards include patent infringement, trademark dilution, theft of trade secrets, and copyright DMCA violations. That crowdfunding participants are often very naive and do not have the resources to be adequately represented by counsel before their projects become successful amplifies the IP hazards. Once projects become successful, they become the immediate targets for IP litigation.

This MP3 audio download presents an overview of crowdfunding in both the U.S. and Europe. It shows how crowdfunding creates IP legal hazards. The panel presents real life examples, crowdfunding experience from Europe, and provide guidance on how counsel can help mitigate the risks their clients face in light of often limited resources.
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