6 Tips How to Protect Your Intellectual Property

Intellectual property or IP isn’t just an idea or concept, it may be viewed as an original business asset that brings a revenue. All in all, IP consists of various areas and may include logos, corporate identity, products, services and etc.

Intellectual property must be well-protected because somebody is always tempted to ‘steal’ your idea by using it without your permission in the way that your business can suffer. Though the worldwide net has become an excellent area for earning money, it has also become the greatest risk to IP. When you create your website or eCommerce internet platform, you should always take the right steps to protect your logo, design, trademark, and copyright.

Today, we are going to give 6 essential tips on how to guard your IP not only on the net but in a real life as well.properties

  1. Be Careful With a Third Party

When you have an idea but lack knowledge or skills on how to embody it in a real life, you often try to find people who can help you. Sometimes, you need to outsource your project to other partners to make it cheaper. However, before doing anything, make sure that your IP won’t be stolen by anybody. Especially, be careful with the teams who work remotely.

  1. Encrypt Your IP

If you have sensitive IP, try to encrypt it internally. In such way, you’ll eliminate unauthorized access to it and protect it from stealing. Make sure that your partners also employ the proper level of encryption. IP encrypting does need time and money, but it’s far cheaper than dealing with a breach of trust later.

  1. Put Down Every Single Detail

When you do business on trading your ideas or inventions, it’s vital to keep a running log or journal where you should write down everything that happens to you. It’s vital not to miss every single detail because this journal may help you to protect your IP once someone has stolen it. Start the journal with the inception of the idea, make notes about every meeting you have (include information about who was invited and who attended it). You may easily prove that you are the owner of the product or invention by using a reliable time and date stamp and revealing a paper copy of the important moments.

  1. Talk to an Expert

Sooner or later, you would need to find someone who has a good expertise on IP legislative framework. For instance, it can be a patent lawyer. He is the one who will tell you whether your idea needs a patent or not. He’ll also complete a patent application for you and then will help you to defend your patent from infringement in the court. If you want to license your idea or product to a third party, a patent lawyer knows how to do it properly.

Businessmen or inventors need IP support and get assistance on various IP issues.

  1. Think Faster and Move Faster

Fresh ideas can be compared to diamonds: it’s difficult to find them, but loads of people want to do this. If you are a brilliant scholar who wants to earn on selling his invention, don’t linger any second to commercialize it. Remember, that you aren’t the one who thinks and invents. Yes, you’ve got a patent for your idea, but your IP may still be stolen because someone can offer another variant of the thing you’ve invented.

  1. Educate Yourself

If you want to protect your IP from a theft effectively, you should also have some basic knowledge of IP legislative framework. For instance, you may visit local libraries or search for the information on the net to find necessary data. Visit free of charge online libraries like Learning Resources and see what they have there.