{"673373":{"#nid":"673373","#data":{"type":"news","title":"Countdown to Launch Deadline: Legal Buzz ","body":[{"value":"\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EAs the March 19 deadline for the summer startup accelerator \u003C\/span\u003E\u003Ca href=\u0022https:\/\/create-x.gatech.edu\/launch\/startup-launch\u0022\u003E\u003Cspan\u003EStartup Launch\u003C\/span\u003E\u003C\/a\u003E\u003Cspan\u003E approaches, \u003C\/span\u003E\u003Ca href=\u0022https:\/\/create-x.gatech.edu\/\u0022\u003E\u003Cspan\u003ECREATE-X\u003C\/span\u003E\u003C\/a\u003E\u003Cspan\u003E is hosting workshops to prepare students for applying and starting their entrepreneurial journey. \u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EOn Feb. 13, CREATE-X hosted Legal Buzz, one of the program\u2019s regular \u003C\/span\u003E\u003Ca href=\u0022https:\/\/create-x.gatech.edu\/workshops\u0022\u003E\u003Cspan\u003Eworkshops\u003C\/span\u003E\u003C\/a\u003E\u003Cspan\u003E, which helps students learn about startups, find partners, and share ideas. And, while some questions can be answered in \u003C\/span\u003E\u003Ca href=\u0022https:\/\/create-x.gatech.edu\/startup-launch-frequently-asked-questions\u0022\u003E\u003Cspan\u003EStartup Launch FAQs\u003C\/span\u003E\u003C\/a\u003E\u003Cspan\u003E or \u003C\/span\u003E\u003Ca href=\u0022https:\/\/create-x.gatech.edu\/idea-prototype-frequently-asked-questions\u0022\u003E\u003Cspan\u003EI2P FAQs\u003C\/span\u003E\u003C\/a\u003E\u003Cspan\u003E, this workshop invites attorneys to answer students\u2019 legal questions. The February event featured Christopher \u201cRusty\u201d Close, a patent attorney from Troutman Pepper. Here are some of the questions and answers: \u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Ch2\u003E\u003Cstrong\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EEquity \u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/strong\u003E\u003C\/h2\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cstrong\u003E\u003Cspan\u003EHow do you split the equity among people in a startup?\u003C\/span\u003E\u003C\/strong\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EGet it on paper early. Inventorship is not percentage-based. There is no real way to say who did what percent, and it doesn\u2019t have anything to do with the patent itself. It is not easy to tell someone they are not doing as much as they think they are.\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Ch2\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003ECopyrights and Patents \u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/h2\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cstrong\u003E\u003Cspan\u003EIf you\u2019re a software-based company, is that company more dependent on copyright than patent?\u003C\/span\u003E\u003C\/strong\u003E \u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003ENo and yes. Generally, if you give someone access to how your system works, they won\u2019t need your source code to write their own version of it. They won\u0027t copy your code; they will just make the same thing. If your user terms say you won\u0027t reverse engineer or make another version of it, then they will be violating by doing so. It is easier to say, \u201cYou used my product and you copied it,\u201d than to use a patent. If you\u2019re the one writing the user terms, those aren\u2019t negotiated. People just end up clicking through it. It is hard for an enterprise to say, \u201cYes, I\u2019ll license your software but I won\u2019t copy it.\u201d If you use Uber, are you a driver or a rider? It\u0027s not the same, depending on which seat you\u0027re sitting in.\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EDuring the session, Close also had advice on making the most of Startup Launch. \u201cWork solely on your startup,\u201d he said. \u201cThat\u2019s why it\u2019s a summer startup launch. This way you\u2019ll have no regrets. Don\u2019t have a job while working on your own business. You won\u2019t give it your all, and you won\u2019t enjoy doing both. You don\u2019t want an employer to have the impression that your focus is elsewhere, either.\u201d\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EOn Monday, March 25, CREATE-X will host a virtual \u003C\/span\u003E\u003Ca href=\u0022https:\/\/gatech.campuslabs.com\/engage\/organization\/create-x\/events\u0022\u003E\u003Cspan\u003ELegal Buzz\u003C\/span\u003E\u003C\/a\u003E\u003Cspan\u003E event. \u003C\/span\u003E\u003Ca href=\u0022https:\/\/gatech.campuslabs.com\/engage\/organization\/create-x\/events\u0022\u003E\u003Cspan\u003ERegister for the next session of Legal Buzz\u003C\/span\u003E\u003C\/a\u003E\u003Cspan\u003E today to learn more about the legal landscape surrounding startups. To see other CREATE-X events, visit the \u003C\/span\u003E\u003Ca href=\u0022https:\/\/gatech.campuslabs.com\/engage\/organization\/create-x\/events\u0022\u003E\u003Cspan\u003ECREATE-X Engage page\u003C\/span\u003E\u003C\/a\u003E\u003Cspan\u003E or look out for events on the \u003C\/span\u003E\u003Ca href=\u0022http:\/\/calendar.gatech.edu\/\u0022\u003E\u003Cspan\u003EGeorgia Tech Campus Calendar\u003C\/span\u003E\u003C\/a\u003E\u003Cspan\u003E.\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n","summary":"","format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EAs the March 19 deadline for the summer startup accelerator \u003C\/span\u003E\u003Ca href=\u0022https:\/\/create-x.gatech.edu\/launch\/startup-launch\u0022\u003E\u003Cspan\u003EStartup Launch\u003C\/span\u003E\u003C\/a\u003E\u003Cspan\u003E approaches, \u003C\/span\u003E\u003Ca href=\u0022https:\/\/create-x.gatech.edu\/\u0022\u003E\u003Cspan\u003ECREATE-X\u003C\/span\u003E\u003C\/a\u003E\u003Cspan\u003E is hosting workshops to prepare students for applying and starting their entrepreneurial journey. \u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EOn Feb. 13, CREATE-X hosted Legal Buzz, one of the program\u2019s regular \u003C\/span\u003E\u003Ca href=\u0022https:\/\/create-x.gatech.edu\/workshops\u0022\u003E\u003Cspan\u003Eworkshops\u003C\/span\u003E\u003C\/a\u003E\u003Cspan\u003E, which helps students learn about startups, find partners, and share ideas. T\u003C\/span\u003E\u003Cspan\u003Ehis workshop invites attorneys to answer students\u2019 legal questions.\u0026nbsp;\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n","format":"limited_html"}],"field_summary_sentence":[{"value":" CREATE-X hosts Legal Buzz, one of the program\u2019s regular workshops, to give students an opportunity to speak with lawyers about startups."}],"uid":"36436","created_gmt":"2024-03-06 15:12:37","changed_gmt":"2024-03-06 15:12:37","author":"bdurham31","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2024-03-06T00:00:00-05:00","iso_date":"2024-03-06T00:00:00-05:00","tz":"America\/New_York"},"extras":[],"related_links":[{"url":"https:\/\/gatech.co1.qualtrics.com\/jfe\/form\/SV_a2V91XGKhp149AW","title":"Apply to GT Startup Launch"}],"groups":[{"id":"655285","name":"GT Commercialization"},{"id":"583966","name":"CREATE-X"},{"id":"1188","name":"Research Horizons"}],"categories":[{"id":"139","name":"Business"},{"id":"42911","name":"Education"},{"id":"129","name":"Institute and Campus"},{"id":"134","name":"Student and Faculty"}],"keywords":[{"id":"1072","name":"Business"},{"id":"137161","name":"CREATE-X"},{"id":"4121","name":"law"},{"id":"166994","name":"startups"},{"id":"3472","name":"entrepreneurship"},{"id":"2161","name":"founders"},{"id":"166971","name":"startup launch"}],"core_research_areas":[{"id":"39501","name":"People and Technology"}],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003EBreanna Durham\u003C\/p\u003E\r\n\r\n\u003Cp\u003EMarketing Strategist\u003C\/p\u003E\r\n","format":"limited_html"}],"email":["breanna.durham@gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}