Before purchasing a company, a buyer performs due diligence in various areas of the company to determine the accuracy or completeness of statements of the persons involved in a business transaction. The goals of due diligence are to ensure that the acquisition make sound business sense, determine which assets and liabilities will be acquired at closing, and identify the risks and prospects of the business after closing. In the absence of effective due diligence, neither party to a commercial transaction will be able to make an informed investment decision.
If you are acquiring a company and an important part of that company is its intellectual property assets, then it is important to do your due diligence to understand their ownership rights. This is especially important when the company being acquired is a U.S. Government contractor. Special laws and regulations including the Federal Acquisition Regulation (“FAR”) and the Department of Defense FAR Supplement (“DFARS”) that are included in the particular Government contracts governing the company’s and the Government’s rights in intellectual property. The rules are different for patents, technical data and computer software, and commercial and non-commercial computer software. Protecting intellectual property rights in the appropriate manner can play a key part in the outcome of a merger and acquisition transaction.
This webinar will:
-- provide a high level overview of intellectual property rights under U.S. Government contracts
-- describe what a buyer needs to look for when conducting intellectual property due diligence of a U.S. Government contractor
-- provide strategies for a company
(1) to protect its intellectual property assets when it is contracting for the U.S. Government to ensure such assets are protected before an acquisition occurs, and
(2) to potentially minimize the effects of any missteps that a company may have taken during a contract that diluted its intellectual property
Who should attend?
-- Chief Executive Officers
-- Chief Financial Officers and Controllers
-- In-house Legal Counsel, Directors and Managers of Contracts Administration
-- Any Other Key Staff who may participate in the M&A due diligence process
This webinar is sponsored by NeoSystems
ABOUT NEOSYSTEMS GOVERNMENT CONTRACTOR SOLUTIONS AND SERVICES:
NeoSystems delivers strategic back office services to over 500 government contractors, from small companies through federal divisions of large corporations. We provide industry experts for implementations and upgrades, day-to-day accounting, hosting, financial planning, and reporting. At NeoSystems, our clients leverage best-in-class software including Deltek Costpoint and GCS Premier. With Neo, our clients benefit from our secure, private, redundant cloud that is SSAE-16 SOC 1 & SOC 2, PCI-DSS, MA 201, HIPAA, and ITAR compliant. - See more at neosystemscorp.com.
FROM NEOSYSTEMS CORP
Sandra Levy, VP Contract Management
Sandra is a seasoned legal professional with over two decades of government contracting and intellectual property experience. She is proficient in cradle-to-grave government contract management, multi-million dollar IP licenses negotiations, commercial IT services contracting, FARs and DFARs.
As V.P of Contract Management, her responsibilities include:
-- Managing Contract Management team
-- Managing all NeoSystems customer and supplier contracts
-- Orchestrating best-in-class Contract Management services for NeoSystems’ clients
-- Managing all in-house legal matters for NeoSystems including, in addition to Contracts, Intellectual Property matters, litigation, corporate matters, and employment matters as needed.
FROM SQUIRE PATTON BOGGS
Karen Harbaugh, Principal
Karen Harbaugh focuses her practice on US government contracts law. With more than 15 years of experience, Karen began her career working for a government contractor where she was responsible for drafting, negotiating and managing contracts, subcontracts, teaming agreements and consulting agreements, and otherwise administering prime contracts and subcontracts for the corporation’s hardware maintenance division.
Karen has significant experience representing companies in all aspects of the bid protest process including debriefings, and has filed or defended many cases at the Government Accountability Office (GAO) and various agencies and has handled some cases at the US Court of Federal Claims (COFC), US Court of Appeals for the Federal Circuit (CAFC).