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Corporate

Intellectual Property

Intellectual Property

Cravath’s broad‑based intellectual property practice has deep experience advising clients ranging from early‑stage startups to global companies in corporate contexts across the full spectrum of intellectual property disciplines, technologies and jurisdictions. Our corporate IP practice is distinctive for its “cross‑disciplinary and highly collaborative approach,” placing Cravath “a class apart” for providing “integrated solutions to the most pressing legal and business problems faced by industry leaders.” (IAM Patent 1000)

Cravath’s IP lawyers work hand in glove with our premier corporate practices to handle the many intellectual property issues that arise in complex transactions, including issues relating to patents, trademarks, copyrights, data, trade secrets, privacy and information security. We also advise on matters in connection with emerging technologies, including artificial intelligence and fintech solutions involving Web3/blockchain, digital assets, smart contracts and decentralized networks.

Our IP lawyers provide expert advice related to:

 

  • Inbound and outbound technology, content and brand licenses
  • Collaborations and co-development arrangements
  • Strategic alliances, partnerships and joint ventures
  • Acquisitions and dispositions of IP rights
  • IP terms and related due diligence in corporate transactions
  • Reporting requirements and other issues resulting from government funding
  • Transfer of IP and data across national borders

Cravath also provides strategic counseling, review and analysis in developing and managing intellectual property portfolios, commercializing innovation‑based assets and optimizing intellectual property rights to ensure our clients are maximizing value from their intellectual property in the U.S. and in non-U.S. markets.

Artificial Intelligence (AI) and Data

Cravath helps clients navigate AI and data issues with respect to data ownership and licensing, business operations and disputes related to AI and data, as well as the acquisition of data and AI technologies. Our expertise across subject areas allows us to provide interdisciplinary advice on AI and data issues, including ownership of and rights to use AI algorithms and related data, confidentiality management and related transaction structuring.

Cybersecurity & Data Privacy

Cravath advises on a wide variety of cybersecurity and data privacy issues across the whole spectrum of transactions and projects, including data collection, data storage, multi‑party data arrangements and agreements, such as between data controllers and/or data processors, cross‑border data sharing, protection of personally identifiable and other sensitive information, and privacy and data protection compliance matters, including advising on privacy policies and privacy notices and other privacy compliance requirements under the GDPR and other relevant regimes.

Cravath’s IP lawyers work hand in glove with our premier corporate practices to handle the many intellectual property issues that arise in complex transactions, including issues relating to patents, trademarks, copyrights, data, trade secrets, privacy and information security. We also advise on matters in connection with emerging technologies, including artificial intelligence and fintech solutions involving Web3/blockchain, digital assets, smart contracts and decentralized networks.

Our IP lawyers provide expert advice related to:

 

  • Inbound and outbound technology, content and brand licenses
  • Collaborations and co-development arrangements
  • Strategic alliances, partnerships and joint ventures
  • Acquisitions and dispositions of IP rights
  • IP terms and related due diligence in corporate transactions
  • Reporting requirements and other issues resulting from government funding
  • Transfer of IP and data across national borders

Cravath also provides strategic counseling, review and analysis in developing and managing intellectual property portfolios, commercializing innovation‑based assets and optimizing intellectual property rights to ensure our clients are maximizing value from their intellectual property in the U.S. and in non-U.S. markets.

Artificial Intelligence (AI) and Data

Cravath helps clients navigate AI and data issues with respect to data ownership and licensing, business operations and disputes related to AI and data, as well as the acquisition of data and AI technologies. Our expertise across subject areas allows us to provide interdisciplinary advice on AI and data issues, including ownership of and rights to use AI algorithms and related data, confidentiality management and related transaction structuring.

Cybersecurity & Data Privacy

Cravath advises on a wide variety of cybersecurity and data privacy issues across the whole spectrum of transactions and projects, including data collection, data storage, multi‑party data arrangements and agreements, such as between data controllers and/or data processors, cross‑border data sharing, protection of personally identifiable and other sensitive information, and privacy and data protection compliance matters, including advising on privacy policies and privacy notices and other privacy compliance requirements under the GDPR and other relevant regimes.

  • Deals & Cases
  • Recent News & Insights

Deals & Cases

August 29, 2025

PepsiCo’s Strategic Partnership with Celsius Holdings

On August 29, 2025, PepsiCo, Inc. (“PepsiCo”) and Celsius Holdings, Inc. (“Celsius Holdings”) announced an agreement to strengthen their long-term strategic partnership. As part of the agreement, (i) Celsius Holdings’ Alani Nu brand will move to the PepsiCo distribution system in the U.S. and Canada, (ii) PepsiCo has acquired $585 million in newly issued convertible 5% preferred stock while extending its existing preferred stock to the same conversion period and (iii) Celsius Holdings has acquired the Rockstar Energy brand in the U.S. and Canada from PepsiCo. PepsiCo will continue to own the Rockstar brand internationally. Celsius Holdings will become the strategic energy lead in the U.S. managing the Celsius, Alani Nu and Rockstar Energy brands, while PepsiCo will lead distribution for the Celsius Holdings portfolio in the U.S. and Canada. Cravath is representing PepsiCo in connection with the transaction.

Deals & Cases

August 15, 2025

Fitch Learning’s Acquisition of Moody’s Analytics Learning Solutions and the Canadian Securities Institute

On August 14, 2025, Fitch Learning, a global leader in financial learning and professional certifications, announced it signed an agreement with Moody’s to acquire two of their businesses, Moody’s Analytics Learning Solutions, a global provider of credit training, and the Canadian Securities Institute, a leading provider of professional certifications for the Canadian financial services industry. Cravath is representing Fitch Learning in connection with the transaction.

Deals & Cases

August 11, 2025

Intermex’s Acquisition by Western Union

On August 10, 2025, International Money Express, Inc. (“Intermex”) and The Western Union Company (“Western Union”) announced they have entered into a definitive agreement under which Western Union will acquire Intermex in an all‑cash transaction at $16.00 per share, representing a total equity and enterprise value of approximately $500 million. Cravath is representing Intermex’s Strategic Alternatives Committee in connection with the transaction.

Deals & Cases

August 07, 2025

Paramount Global Completes Merger with Skydance

On August 7, 2025, Paramount Global and Skydance Media (“Skydance”) announced the completion of their merger, creating a standalone global media and entertainment company, Paramount, a Skydance Corporation (“Paramount”). Paramount Class B shares will begin trading today on the Nasdaq Stock Market LLC under “PSKY.” Cravath represented the Paramount Special Committee in connection with the transaction.

Deals & Cases

August 06, 2025

ESPN’s Acquisition of NFL Network and Other Media Assets from the NFL

On August 5, 2025, ESPN, a subsidiary of The Walt Disney Company (“Disney”), and the National Football League (“NFL”) announced a non‑binding agreement under which ESPN will acquire NFL Network and certain other media assets owned and controlled by the NFL, including NFL’s linear RedZone Channel and NFL Fantasy, in exchange for a 10% equity stake in ESPN. The NFL and ESPN are also entering into a second non‑binding agreement, under which the NFL will license to ESPN certain NFL content and other intellectual property to be used by NFL Network and other assets. Cravath is representing Disney and ESPN in connection with the transaction.

Activities

August 28, 2025

Dave Kappos Speaks at IPOS’s 2025 Global Forum on Intellectual Property

Cravath partner David J. Kappos participated in the 2025 Global Forum on Intellectual Property, IP Week @ SG 2025, which was hosted by the Intellectual Property Office of Singapore from August 26–27, 2025 in Singapore. Dave spoke on two panels during the forum. The first, entitled “Greening with IP: From Trade Marks to Brands,” explored how trademarks and branding can support sustainability outcomes and addressed legal intricacies related to “going green,” including the risks of greenwashing, building responsible brands and navigating the associated legal landscape. The second panel, entitled “Beyond Battlegrounds: From Territorial Considerations to Strategic Forum Selection,” examined the strategic factors that influence forum selection in IP disputes and provided insights into the comparative advantages of mediation, arbitration and litigation, as well as the use of litigation insurance and third-party funding as tools for financial and risk management.

Publications

August 05, 2025

IAM and WTR Publish Article by Dave Kappos on Navigating IP “Landmines” in the Age of AI

On July 31, 2025, Intellectual Asset Management (IAM) and World Trademark Review (WTR) published an article authored by Cravath partner David J. Kappos and associate Callum A.F. Sproule. The article, entitled “Navigating IP Landmines in the Age of AI: What Companies Need to Know” in IAM and “AI and IP: What Companies Need to Know to Avoid Legal Landmines” in WTR, discusses the growing uncertainty surrounding the protectability of AI‑generated content under existing copyright, patent, trademark and trade secret frameworks. It outlines the key legal risks businesses face when using generative AI, including questions of human authorship, enforceability, infringement and data security and offers guidance on how companies can adapt their IP strategies to mitigate exposure.

Publications

July 30, 2025

Oxford Business Law Blog Publishes Article by Dave Kappos Examining Potential Benefits of the UK Joining Europe’s Unified Patent Court

On July 11, 2025, the Oxford Business Law Blog published an article by Cravath partner David J. Kappos entitled “Ten Reasons Why the UK Should Join Europe's Unified Patent Court.” The article examines the potential benefits of the United Kingdom joining the Unified Patent Court, outlining legal, economic and strategic outcomes including increased influence over European patent policy, reduced costs and complexity for UK patentees and enhanced support for innovation infrastructure. 

Activities

July 14, 2025

Dave Kappos Delivers Guest Lecture on IP at Rutgers University

On July 10, 2025, Cravath partner David J. Kappos delivered a guest lecture to students in the Master of Business and Science (“MBS”) program at Rutgers University, as part of the Fundamentals of Intellectual Property class. The course, designed to teach MBS students the practical and strategic foundations of intellectual property, including how to protect, evaluate, negotiate and commercialize IP assets across industries, features guest lectures from scientists, executives and patent attorneys who are experts in the IP field.

Publications

June 03, 2025

Bloomberg Law Publishes Article by Dave Kappos and Kathryn‑Ann Stamm on NDAs in Strategic Transactions

Cravath partner David J. Kappos, of counsel Kathryn‑Ann Stamm and associate Vincent Joralemon co‑authored an article entitled “Non‑Disclosure Agreements Shield Buyers and Sellers in M&A Deals,” which was published in Bloomberg Law on May 29, 2025. The article, which reviews recent court decisions regarding the enforcement of non‑disclosure agreements (“NDAs”), provides an overview of how NDAs protect both buyers and sellers in all types of strategic transactions, including mergers and acquisitions, the clear parameters that must be established to ensure NDA enforceability and the rights, responsibilities and available remedies for the parties involved.

Deals & Cases

August 29, 2025

PepsiCo’s Strategic Partnership with Celsius Holdings

On August 29, 2025, PepsiCo, Inc. (“PepsiCo”) and Celsius Holdings, Inc. (“Celsius Holdings”) announced an agreement to strengthen their long-term strategic partnership. As part of the agreement, (i) Celsius Holdings’ Alani Nu brand will move to the PepsiCo distribution system in the U.S. and Canada, (ii) PepsiCo has acquired $585 million in newly issued convertible 5% preferred stock while extending its existing preferred stock to the same conversion period and (iii) Celsius Holdings has acquired the Rockstar Energy brand in the U.S. and Canada from PepsiCo. PepsiCo will continue to own the Rockstar brand internationally. Celsius Holdings will become the strategic energy lead in the U.S. managing the Celsius, Alani Nu and Rockstar Energy brands, while PepsiCo will lead distribution for the Celsius Holdings portfolio in the U.S. and Canada. Cravath is representing PepsiCo in connection with the transaction.

Deals & Cases

August 15, 2025

Fitch Learning’s Acquisition of Moody’s Analytics Learning Solutions and the Canadian Securities Institute

On August 14, 2025, Fitch Learning, a global leader in financial learning and professional certifications, announced it signed an agreement with Moody’s to acquire two of their businesses, Moody’s Analytics Learning Solutions, a global provider of credit training, and the Canadian Securities Institute, a leading provider of professional certifications for the Canadian financial services industry. Cravath is representing Fitch Learning in connection with the transaction.

Deals & Cases

August 11, 2025

Intermex’s Acquisition by Western Union

On August 10, 2025, International Money Express, Inc. (“Intermex”) and The Western Union Company (“Western Union”) announced they have entered into a definitive agreement under which Western Union will acquire Intermex in an all‑cash transaction at $16.00 per share, representing a total equity and enterprise value of approximately $500 million. Cravath is representing Intermex’s Strategic Alternatives Committee in connection with the transaction.

Deals & Cases

August 07, 2025

Paramount Global Completes Merger with Skydance

On August 7, 2025, Paramount Global and Skydance Media (“Skydance”) announced the completion of their merger, creating a standalone global media and entertainment company, Paramount, a Skydance Corporation (“Paramount”). Paramount Class B shares will begin trading today on the Nasdaq Stock Market LLC under “PSKY.” Cravath represented the Paramount Special Committee in connection with the transaction.

Deals & Cases

August 06, 2025

ESPN’s Acquisition of NFL Network and Other Media Assets from the NFL

On August 5, 2025, ESPN, a subsidiary of The Walt Disney Company (“Disney”), and the National Football League (“NFL”) announced a non‑binding agreement under which ESPN will acquire NFL Network and certain other media assets owned and controlled by the NFL, including NFL’s linear RedZone Channel and NFL Fantasy, in exchange for a 10% equity stake in ESPN. The NFL and ESPN are also entering into a second non‑binding agreement, under which the NFL will license to ESPN certain NFL content and other intellectual property to be used by NFL Network and other assets. Cravath is representing Disney and ESPN in connection with the transaction.

Activities

August 28, 2025

Dave Kappos Speaks at IPOS’s 2025 Global Forum on Intellectual Property

Cravath partner David J. Kappos participated in the 2025 Global Forum on Intellectual Property, IP Week @ SG 2025, which was hosted by the Intellectual Property Office of Singapore from August 26–27, 2025 in Singapore. Dave spoke on two panels during the forum. The first, entitled “Greening with IP: From Trade Marks to Brands,” explored how trademarks and branding can support sustainability outcomes and addressed legal intricacies related to “going green,” including the risks of greenwashing, building responsible brands and navigating the associated legal landscape. The second panel, entitled “Beyond Battlegrounds: From Territorial Considerations to Strategic Forum Selection,” examined the strategic factors that influence forum selection in IP disputes and provided insights into the comparative advantages of mediation, arbitration and litigation, as well as the use of litigation insurance and third-party funding as tools for financial and risk management.

Publications

August 05, 2025

IAM and WTR Publish Article by Dave Kappos on Navigating IP “Landmines” in the Age of AI

On July 31, 2025, Intellectual Asset Management (IAM) and World Trademark Review (WTR) published an article authored by Cravath partner David J. Kappos and associate Callum A.F. Sproule. The article, entitled “Navigating IP Landmines in the Age of AI: What Companies Need to Know” in IAM and “AI and IP: What Companies Need to Know to Avoid Legal Landmines” in WTR, discusses the growing uncertainty surrounding the protectability of AI‑generated content under existing copyright, patent, trademark and trade secret frameworks. It outlines the key legal risks businesses face when using generative AI, including questions of human authorship, enforceability, infringement and data security and offers guidance on how companies can adapt their IP strategies to mitigate exposure.

Publications

July 30, 2025

Oxford Business Law Blog Publishes Article by Dave Kappos Examining Potential Benefits of the UK Joining Europe’s Unified Patent Court

On July 11, 2025, the Oxford Business Law Blog published an article by Cravath partner David J. Kappos entitled “Ten Reasons Why the UK Should Join Europe's Unified Patent Court.” The article examines the potential benefits of the United Kingdom joining the Unified Patent Court, outlining legal, economic and strategic outcomes including increased influence over European patent policy, reduced costs and complexity for UK patentees and enhanced support for innovation infrastructure. 

Activities

July 14, 2025

Dave Kappos Delivers Guest Lecture on IP at Rutgers University

On July 10, 2025, Cravath partner David J. Kappos delivered a guest lecture to students in the Master of Business and Science (“MBS”) program at Rutgers University, as part of the Fundamentals of Intellectual Property class. The course, designed to teach MBS students the practical and strategic foundations of intellectual property, including how to protect, evaluate, negotiate and commercialize IP assets across industries, features guest lectures from scientists, executives and patent attorneys who are experts in the IP field.

Publications

June 03, 2025

Bloomberg Law Publishes Article by Dave Kappos and Kathryn‑Ann Stamm on NDAs in Strategic Transactions

Cravath partner David J. Kappos, of counsel Kathryn‑Ann Stamm and associate Vincent Joralemon co‑authored an article entitled “Non‑Disclosure Agreements Shield Buyers and Sellers in M&A Deals,” which was published in Bloomberg Law on May 29, 2025. The article, which reviews recent court decisions regarding the enforcement of non‑disclosure agreements (“NDAs”), provides an overview of how NDAs protect both buyers and sellers in all types of strategic transactions, including mergers and acquisitions, the clear parameters that must be established to ensure NDA enforceability and the rights, responsibilities and available remedies for the parties involved.

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