Law360, New York (June 11, 2015, 10:00 AM EDT) -- Intellectual property risks in business transactions can undercut the value of the deal and lead to unexpected and harmful business results. This article addresses the IP risks that arise (1) when one company buys another company; (2) when the key asset in a corporate transaction is an IP or technology asset; (3) when the joint development of new technology and IP can create a competitor for one or both of the companies engaged, unless the IP is handled properly; and (4) when the use of open source software can destroy a proprietary information technology system a company wants for competitive advantage. This article also outlines solutions to these risks....