If your tech business licenses your products and intellectual property to another company, then you need someone on your side -- an intellectual property lawyer -- to monitor the arrangement and protect your interests. In some cases, businesses start out with a good agreement that lasts for years, but somewhere along the line one party stops honoring the contract in full.
If you're an entrepreneur in California, then you're undoubtedly aware of the abundance of potentially profitable technology being developed throughout the state. Much of the research that leads to ground-breaking technology happens at universities, and many tech startups find great success in transferring patented technology from the university to the marketplace.
The need for Chapter 11 bankruptcy protection can arise under a wide variety of circumstances. For antiviral drug maker Siga Technologies Inc., a costly judgment in a licensing dispute not only jeopardizes the company's viability; enforcement of the judgment could prevent Siga from producing and delivering an important smallpox drug to the national stockpile.