IP and cybersecurity disputes are the biggest legal issues for tech companies.

No industry is a stranger But for the tech sector, intellectual property (IP) and patent disputes, cybersecurity and data protection issues appear to be among the main legal issues that keep tech company managers up all night.

According to 17One Norton Rose Fulbright’s Annual Litigation Trends Survey‘Labor and Employment Disputes,’ a survey of hundreds of in-house litigation leaders at global companies, also made it to the top of the list of tech companies.

Startup teams, legal advisors, and other internal stakeholders looking to address these legal issues need to consider three main factors affecting the sector.

IP Disputes: The Biggest Litigation Problems Facing the Sector

Technology respondents were more likely to be concerned about intellectual property disputes than other potential causes of conflict, with 16% of all industries listing 46% of their top concerns.

Given that the core function of most tech companies is to develop and market innovative technologies and solutions, it is not surprising that tech companies list IP disputes as the most relevant and important. Respondents cited important characteristics of IP assets to their core businesses as reasons why disputes are so worrisome.

The costs associated with these disputes were of paramount importance to respondents, especially when defending allegations of patent infringement. Defending IP disputes can be resource-depleting, especially given the continuing cost and prevalence of disputes initiated by “patent trolls” whose primary job is to obtain and enforce patents for technology companies. It far exceeds the costs associated with utilizing patents. We provide goods and services.

Many respondents are known to be expanding their legal team. Strategies include adding in-house legal staff, hiring outside attorneys focused on specific IP strategies, expanding investigations and enforcement actions for potential infringing activity, strengthening company patent protection, and establishing more mature and robust contract drafting and review processes for IP. It’s possible. – Relevant Agreements.

Technology companies feel exposed to cybersecurity, data protection disputes.

Technology respondents rank cybersecurity and data protection issues above any other industry in terms of conflict trends. 71% said they were more exposed to cybersecurity/data protection disputes than in the previous 12 months. They said it is important to protect both their proprietary and customer information, especially in an increasingly global market.

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