Tips for Protecting Your Intellectual Property

Discovering a new business idea is exciting, but great ideas are only valuable if you have got a fighting chance at protecting them as your own. The state and federal intellectual property laws can help you, but it is up to you to protect your intellectual property. Here are a few steps you should take to make sure your ideas or inventions are protected.

File for Protection

The first step is to file for protection under the U.S patent, trademark, and/or copyright laws. Selecting the most appropriate type of intellectual property protection is important. A patent for an invention does not grant the right to make, use, offer for sale, sell, or import, but the right to exclude others from doing so. A trademark is a word, symbol, name, or device that is used to indicate the source of the goods and distinguishes them from the goods of others. Copyright is a form of protection that provides the creators of “original work of authorship”, including literary, musical, dramatic, artistic, and other intellectual works both published and unpublished.

Invest in Legal Counsel

It is a good idea to invest money in order to get the services of an experienced small business or intellectual property lawyer. When you choose an IP lawyer, remember to seek a qualified, trained professional, not someone you are friends with. Don’t just rely on ads on the television or online, instead look for recommendations from people in your professional and social circles.

Arm Yourself with Knowledge

Even though it is better to leave the big decision to an attorney, it is always a smart idea to get an idea of intellectual property rights yourself. You can start be reading some books or researching online regarding the subject. You may also meet with a lawyer and discuss regarding the matter to expand your knowledge on the subject.

Be Realistic

Being realistic is important in all aspects. Do not convince yourself that just because you have had an idea trademarked it will become an automatic success. Trademarks, patents, and copyrights, only protect your idea and nothing more than that. You will have to still market your idea or sell it in front of the people who can share your vision and help you get it out in the world. Depending on your field and your product, you might have to find some sort of representation to help you in networking and building a reputation in your field rather than sitting alone and waiting for the world to come to you.

Respect the Work of Others

Once you have protect your own intellectual property, make sure you do not step on the rights of others. You should make it a point to avoid borrowing someone else’s idea or imitate a specific product or service without their approval. Intellectual Property Sydney


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