80% of a business' potential value - Part 1

How can your business safeguard its intellectual property?

It is crucial to protect intellectual property (IP), which can be a valuable asset for your business.  Your business can safeguard its intellectual property in the following ways:

1. Patents: For a predetermined amount of time, an innovation can only be made, used, and sold by the person who has a valid patent. To stop others from stealing their original innovations, businesses can apply for patents on them.

2. Trademarks: A trademark is a sign, logo, or phrase that distinguishes the goods or services of a particular company. By registering a trademark, you can stop others from using it and perhaps misleading customers.

3. Copyrights: Original works of authorship, including books, music, and software, are safeguarded by copyrights. To prevent unauthorized use of their work, businesses might register their copyrights.

4. Trade secrets: Confidential knowledge that offers a business a competitive edge is known as a trade secret. Employers can safeguard trade secrets by demanding non-disclosure agreements from employees and controlling who has access to the data.

To stop others from making money off of their ideas and labor, it is crucial for your business to take actions to preserve their intellectual property.

To learn more about how your business can actually capture this value? In the following remaining 3-Part mini-blog series, Rueppell Law provides suggestions of what to consider — STAY TUNED!

Contact the professionals at Rueppell Law (Connect@Rueppell-Law.com) today and let us show you how easy it can be to get the customized IP solution that will maximize the value of your business.