Many business owners don’t put a lot of thoughts into their Intellectual Property (“IP”). However, it’s never too early to start managing your IP when you decide to hire new employees or independent contractors. You would get their help to create patents, design products, market your brand and build up your clients. At the same time, it’s critical for the business owner to retain proper ownership of these IPs to avoid unnecessary losses and disputes down the road. This article will help you plan your IP wisely as a business owner.
Have you noticed that Intellectual Property takes up a much larger portion of a company’s asset than 50 years ago? That’s definitely true! Your inventions, your source code, your brands and your know-hows have become your most valuable asset.
To start your business, it’s crucial for you to understand how to protect your IPs. This article will help you understand the basic knowledge to file a patent, what creations are copyrightable, and how to obtain and maintain your trademark.