What is real
is not external form.”
The field of intellectual property protection is important for all industries and all sectors. In this article we address the implications of intellectual property protection for technology startups.
The challenges for technology startups
Your startup may face a number of challenges. The most significant of these are:
The ability of your startup to withstand these challenges depends largely on two factors. The first is your ability to anticipate and avoid these problems, the second is your ability to manage challenging situations and prevent them from deteriorating.
The value of intellectual property rights to technology startups
When you first begin your technology startup, intellectual property management may seem like an unnecessary expense that reduces the efficiency of your business. However, that viewpoint is counterintuitive – intellectual property management is amongst the most important aspects of developing any business.
It’s essential that you don’t ignore intellectual property rights. Whether they be for software, trade secrets, trademark protection, or something else, intellectual property rights can exponentially increase the value of your business should the issue of intellectual property theft arise. What’s more, intellectual property is highly instrumental in the acquisition of venture capital, which protects your business by preventing unfair competition.
What action should you take to protect your startup?
Entrepreneurs make several common mistakes when it comes to intellectual property management. These include:
Should a member of your business succeed in creating a piece of intellectual property, it is highly advisable to transfer this intellectual property to the company via a written agreement between the natural person (the author/creator of the IP) and the company itself. Even if the natural person is a consultant or business partner, several confidentiality agreements should be signed to ensure that all parties agree on the obligation to assign intellectual property rights to the company. If your confidentiality agreements are not watertight, they could be subject to a successful legal challenge, causing your business significant financial and growth losses.
With the help of a cease and desist letter, we managed to negotiate with the owner of a new trademark regarding the waiver of this, in order to protect our client’s trademark portfolio. This kind of letter is made in order to stop certain actions setted up in deadlines. The whole procedure took place between ( learn more )
Thanks to our client, the neurology product research and development industry continues to grow. In this sense, we have managed to obtain the registration of an innovative method in the neurological medical technology industry. The entire process has been examined and accepted by the European Patent Office. We are more than happy to see the ( learn more )
For businesses that operate online, maintaining a website that’s informative, easy to use, and free of any intellectual property right infringement is extremely important. After all, the value of many online businesses is affected by two main factors: turnover/profit, and the value of the intellectual property rights it owns or controls. There are a number ( learn more )