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Guiding Rights Blog: Sarbanes-Oxley and IP: Best Practices for Compliance

Guiding Rights Blog: Sarbanes-Oxley and IP: Best Practices for Compliance

by Rick Turoczy on June 20, 2006

Given the emerging position that Sarbanes-Oxley imposes obligations with respect to intellectual property, the failure of management to perform an oversight function may constitute bad faith – an extreme breakdown in the exercise of due care. Failure to act in good faith may cause directors and officers to lose the right to indemnification or insurance coverage and may create liability under traditional state law, in addition to potential liability under Sarbanes-Oxley.

Here are actions management should consider to demonstrate due care in the handling of its intellectual property assets.

Guiding Rights Blog: Sarbanes-Oxley and IP: Best Practices for Compliance

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