Christopher Konopka’s Post

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President/Chairman at Four Kings Advisory Group LLC

The National Intellectual Property Rights Coordination Center (IPR) plays a crucial role in protecting inventions and innovations within the casino and gaming industry. The IPR center is a valuable resource for anyone involved in the casino and gaming industry, regardless of their size. Here's what they can offer: General information on Intellectual Property: The IPR center can provide educational resources on patents, copyrights, trademarks, and trade secrets. This knowledge can help inventors understand their rights and navigate the legal landscape. Assistance with patent applications: The IPR center might offer guidance or resources on the patent application process. The intricacies of IPR can vary significantly between countries. The IPR center might provide resources or guidance on navigating international intellectual property rights. The IPR plays a significant role in the casino and gaming industry in several ways: Licensing Agreements: Small inventors can leverage their patents to negotiate licensing deals with casino and gaming corporations. This allows them to generate revenue from their inventions without the burden of large-scale development or marketing. Strong IPR can attract larger companies interested in incorporating the invention into their products or services. This could lead to partnerships, joint ventures, or even acquisitions of the smaller company or its patents. Having a strong patent can deter larger corporations from outright copying an invention. The potential for legal repercussions can encourage them to negotiate licensing agreements or develop their own solutions. Allegations of patent infringement could potentially jeopardize the renewal of both the casino's gaming license and liquor license. Gaming control boards prioritize ethical conduct. Patent infringement allegations raising concerns about the casino's honesty or business practices can negatively affect the renewal process. Similar to gaming licenses, liquor licenses are often granted with the condition that the licensee operates in a responsible and trustworthy manner. Allegations of patent infringement could be seen as a breach of that trust, jeopardizing the renewal. Casino owners and shareholders, ask your IP Attorneys if any IP rights allegations have gone unresolved or not negotiated in good faith. The old way of Patent Assertion claims has changed. Matching big Corp money and legal fees to assert their patents rights is no longer the only recourse for the small guy.

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