Cross-Office Business Practices Team Closes IP Assets Deal
Fort Lauderdale, Fla. (March 6, 2019) – A Business Practices team led by Fort Lauderdale Managing Partner Michael G. Platner and Partner Solomon B. Zoberman, San Francisco Partner John J. Heber, and Los Angeles Partner Ryan S. Alexander recently represented a Software-as-a-Service (SaaS) and enterprise software developer client in the sale of its intellectual property assets to a principal international manufacturer of personal computers.
The cross-office team was successful in structuring the sale as an equity buyout, providing the client with a significant tax savings. They were also able to limit the developer’s liability for the buyer’s future applications of the IP assets, and retained the buyer as a client of the developer, creating a new revenue stream for our client.
The success of this deal is an example of the seamless collaboration between offices and practices that takes place in Lewis Brisbois’ Business Practices Group, a large team within the firm composed of attorneys from Lewis Brisbois’ many commercially-aligned practices, such as antitrust & competition, bankruptcy & insolvency, franchise & distribution, intellectual property, mergers & acquisitions, and many other business-focused areas. With Business Practice Group attorneys in almost all of Lewis Brisbois’ 50 offices, it is the fastest growing area of the firm.
Learn more about Lewis Brisbois’ practice areas here.