New York, NY – Distinguished Intellectual Property Attorney, Richard Goldstein, has achieved a significant milestone in his legal career by obtaining certification as a Certified Exit Planning Advisor (CEPA). This accreditation sets him apart as one of the few North American IP Attorneys with CEPA certification, enhancing the value he offers to clients seeking comprehensive intellectual property (IP) management and exit strategies. With years of experience in IP law, Goldstein plays a pivotal role in assisting businesses in adopting industry-leading IP practices, thus amplifying the worth of their exit strategies. Goldstein provides expert counsel on safeguarding IP assets, addressing potential infringements, and enlightening clients and financial professionals on the critical role IP plays in exit valuations—a dimension often overlooked in traditional IP plans.
Goldstein is renowned as an industry luminary known for his exceptional ability to demystify complex legal concepts, particularly in the realm of intellectual property. He comments, “Common missteps in IP management include insufficiently protecting IP assets, neglecting changes in laws, and underestimating the significance of infringement monitoring. However, by implementing strategies like routine IP audits, robust licensing agreements, and vigorous enforcement of rights through legal channels, businesses can adeptly navigate these challenges.”
Goldstein has been an educator to thousands through his seminars, educational videos, podcasts, and his best-selling book, “The ABA Consumer Guide to Obtaining a Patent.” His insights have graced the pages of Law Practice Magazine and Law Practice Today.
For businesses seeking to fortify their IP management and exit strategies, Goldstein highlights four crucial areas:
- Proper Documentation: Neglecting to document intellectual property assets can lead to confusion and disputes in the future.
- Employee Training: Inadequate employee education on intellectual property can inadvertently lead to infringements.
- Regular Audits: Routinely assessing and updating your IP portfolio is imperative to identify and rectify any vulnerabilities.
- International Protection: Expanding globally requires a nuanced understanding of IP laws in various countries to prevent infringement issues.
Goldstein emphasizes that “intellectual property protection, though not directly revenue-generating, can significantly elevate a company’s market value. Safeguarding intangible assets like patents, trademarks, and copyrights confers a competitive edge in the marketplace.”
“This protection fosters brand recognition and strengthens strategic positioning, making the company more appealing to investors and potential buyers who recognize its enhanced value due to its intellectual property assets. Consequently, increased valuation can be achieved even without direct revenue generation from intellectual property.
By being aware of these common pitfalls, you’ll be better equipped to protect your intellectual property assets and maximize the value of your intellectual property assets. To learn more, visit Goldstein’s blog at https://bit.ly/3OZkkBi.
To learn more about Richard Goldstein or Goldstein Patent Law, visit them online at www.goldsteinpatentlaw.com. You can also follow them on Facebook, Twitter, Instagram, and LinkedIn.
About Rich Goldstein: Rich founded Goldstein Patent Law more than 25 years ago. As a patent lawyer, this engineering background gives Rich a competitive edge — allowing him to understand new products and explain how they differ from existing technology at a deeper level than most.
Beyond patent law, Rich is also an expert in law firm leadership, legal marketing, and business development. As such, he is regularly invited to write and speak to entrepreneurs about IP strategy and to other lawyers about practice management topics.
He continues to educate thousands through his seminars, educational videos, podcasts, and best-selling book: “The ABA Consumer Guide to Obtaining a Patent.” He has been published many times in Law Practice Magazine and Law Practice Today.
