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Nuts & Bolts of Intellectual Property for New Startups

Gust

So you’ve chosen a name for your startup, product, or both. It’s possible to have a company with literally millions of customers (users) that employs only a handful of people, working in a small rented office, with hardware and software costing in the tens of thousands rather than millions of dollars.

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14 Points To Consider When Structuring A Deal

YoungUpstarts

More often that not I see deals that are filled with legalese and are impossible to really understand by non-legal personnel. If you don’t understand the flow of the document, don’t add it in. Understand what the other party is aiming for. Understand your deal limitations. What is a huge success for me in the terms?

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Someone Stole My Startup Idea – Part 3: The Best Defense is a Good IP Strategy

Steve Blank

Or it can be your brand , logo or domain name. A contract is a binding legal agreement that is enforceable in a court of law. a Non Disclosure Agreement gives you certain rights to protection of your confidential information.) Each patent filing will cost your company $10-30k and take 1-4 years.

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Tips For Protecting Intellectual Property

YoungUpstarts

Have Employees Sign Non-Disclosures. If you work with a team or have employees, it is important to have them sign non-disclosure agreements to cover the security of your intellectual property. Obtain assistance to have the non-disclosures well-written to keep your ideas safe from being taken.

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The Ultimate Inventor’s Guide to Inventing Things

Up and Running

If you do have competition, pay special attention to your product name, price range, materials used, what the product claims to do, packaging, and who the manufacturer is. Of course, you could also calculate your price based on the cost of materials and manufacture. Your sell sheet should include: Your product name.

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Defending Groundbreaking Ideas From Killer Competition

YoungUpstarts

Fortunately, a provisional patent costs much less and can be put into place quickly to keep your idea secure. Remember, though, it is only good for a year, after which you will need to convert it into a non-provisional application. Document everything. If possible, consider using a non-disclosure agreement.

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Create your IP strategy early to avoid common pitfalls

NZ Entrepreneur

Having a business strategy that includes an IP strategy will help you make informed decisions, identify opportunities, reduce unforeseen costs and improve your negotiation positions while avoiding long-term negative consequences. There is nothing wrong with using unregistered trade marks to save costs during the early stages of a venture.

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