Did you know that one of the co-founders of Facebook, could have had a better stake in the company if at all he wasn’t late in signing some paperwork? He only received the small percentage stake of the company only after a lawsuit, which was eventually settled with a non-disclosure agreement. He even received recognition only after the lawsuit. One may prevent entering such situations while being very careful in protecting oneself and the idea/business among themselves. It has thus become important to not only protect one’s business ideas but also obtaining the statutory intellectual property that is surrounding it.
Whether it is a unique idea, or the code that has been written, which may be patented or copyright protected, whether it is the name of the Mobile app, or the logo that has been designed or the features of the logo that may be protected by obtaining Trademark protection, all of it needs to be protected and it is pertinent in today’s world to obtain the best possible protection using all the available statutory tools to do so.
This doesn’t just have to be a mandatory investment, creating an IP portfolio, strengthens one’s position while seeking funding, turns into a negotiating chip during mergers and acquisitions and also becomes an exit strategy that you may or may not have envisioned. IP is an asset which may even bring revenue through licensing. Thus, it is also important to obtain the terms and policies additionally vetted by an Attorney and along with an EULA’s or privacy policies that are relevant.
Contact our multidisciplinary lawyers who have a good understanding of the technologies to provide the best assistance in determining what is the best IP strategy keeping your business needs in your mind, that you need to pursue, along with providing General Counseling and advice.