Today's Washington Post headline shouts what many in silicon Valley fear: ' China Failing to Fight Piracy.

The story is all too familiar reflecting China's failure to crack down on pirating of American movies, music and software at a cost of billions of dollars coupled with American jobs at risk makes for an excellent venue at tomorrow's scheduled O'Melveny & Meyers and Hua Yuan Science and Technology Association planned program on 'Technology Deals with China.

HYSTA is widely regarded as one of Silicon Valley's leading Chinese professionals association. Founded in 1999 by a group of successful Chinese entrepreneurs, HYSTA aims to advance entrepreneurship and career development among Chinese in the Silicon Valley. With 2000 plus strong membership they appear to have significant impact on Sand Hill Road VCs.

The first question asked by all Silicon Valley companies and VCs preparing to enter the China market is: "How do we protect our intellectual property assets?"

Tomorrow's symposia includes the head of O'Melveny & Myers' Asia Practice, Howard Chao, former U.S. Deputy Secretary of Commerce Theodore Kassinger,and O'Melveny Beijing partner Larry Sussman,
to provide an overview of China's IP regulations and discuss tactics for protecting, exploiting, and defending your most valuable assets in this strategically important China market.

CVN knows that the issue will be with us for a while longer so bear this in mind as you enter into any Dragon-like tech agreements.