The St. Petersburg office of Dentons has advised Power Machines on the reform of its intellectual property management system.
According to Dentons, “the reform carried out in 2019-2020 included improving existing business processes, rolling out new comprehensive business processes for technology and IP management, changing the patent strategy, and protecting design and technology documentation. Now all procedures, from the creation and acquisition to the exercise and protection of rights, have been systematized within a single automated IP Register tailored to the life cycle of power engineering products. The reform culminated in the launch of a training program for Power Machines’ employees.”
“Power Machines has accumulated a vast amount of developments, methods, and technologies that make up the company’s intellectual capital,” commented Power Machines Deputy CEO and Legan and Personnel Director Olga Fadeeva. “Thanks to the convenient, understandable, and common IP and technology management system for all divisions, it will be much easier to for the company to present our developments to current and potential clients, while also protecting our IP rights.”
Dentons’ team included Partner Victor Naumov, Counsel Anastasia Zagorodnaya, Associates Svetlana Lialkova and Ksenija Smirnova, and Paralegal Ilona Chernykh.
