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Why all startups must have intellectual property protection

Your fledgling business is just taking off, but things already look promising. You have the drive, innovation and commitment to be an entrepreneur, and you are confident about your business’s prospects.

These traits are crucial to every entrepreneur, but there is one other crucial aspect that your startup must have to succeed: intellectual property protection.

Why is intellectual property protection crucial?

Startups tend to use creative solutions and business models to target a gap in the marketplace. Often, this involves creating a brand-new idea, product, or service. These are all forms of intellectual property (IP). Any startup that relies on intellectual property to stand out from competitors and remain successful should take the legal steps to protect it.

Unfortunately, some companies focus so intensely on developing their product or service that they neglect to take the legal steps to secure their intellectual property. In the competitive world of startups, many competitors would pounce on any intellectual property that does not have adequate protection.

Intellectual property infringement can also be inadvertent. Another startup may have a similar idea to yours. However, if you have filed for protection for your intellectual property, the other business cannot proceed with their idea. You may also be able to collect damages for infringing on your intellectual property.

All entrepreneurs should know their rights

When it comes to protecting intellectual property, entrepreneurs and startups have several options. The first is to use trademarks to protect names, words, and symbols. Additionally, they can copyright original works. Furthermore, they can seek a patent to protect their discoveries and inventions.

Because many entrepreneurs’ primary focus is their startup, they may not have the time to research intellectual property law. Many companies such as Wang IP Law Group, P.C., to safeguard their intellectual property. That way, startups can move forward without worrying about other companies infringing upon or stealing their ideas.

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What Our Clients Say

Starting a new business can be a bit scary. Aside from worries of failure, there’s also the hassle of making sure all legal paperwork are properly filed. I reached out to Mr. Wang (Tommy) because of his excellent reviews and reputation and I am so glad I did. He was thorough and meticulous in answering all of my concerns and took time to find out special laws and policies regarding the kind of business I am starting. I could focus on the daily practical side of starting my new office without worry because I felt Tommy was reliable and took my case seriously. My business is opened and it’s all been a smooth start because of Tommy’s help. I have plans to start another business venture in the next few years and I already know I’ll be coming back to Wang IP Law.

The Shindig W.

I came to Tommy for help reviewing a licensing agreement I had secured with a well-known manufacturer. Tommy made sure I understood all the details in the contract and he negotiated with the company to improve my side of the deal. I mentioned to Tommy at my first consultation that we were looking to expand throughout the US and were investing a lot of money to make a big entrance into the market. I did not think I would have my store open so soon but Tommy also has connections with the local area and realtors to help me secure the location for my first store in the Los Angeles area. Tommy works a lot with the local businesses and he understands how to transition from the Asian market to US market. Within 8 months my store was open for business and fully operating. I must recommend Tommy to any business owners looking for help with contracts and improving their side of the deal. Tommy has the knowledge and experience to make sure there is a smooth process to open for business here, and make sure that your company is set up for success.

LI H.

I think Tommy and his team by far considered the best people to work with in my 16 business years. Beside quick responses to all my inquiries, they also done things right and providing very professional solutions. I’m highly recommending Tommy and his firm to all business owners.

Calvin C.

I have been working on my Utility Patent for almost 4 years. I have hired and fired two very reputable IP firms because with all their expertise and reputation for being some of the top firms in IP Law, I felt a lack of connection and care in my product, time and financial investment. Then I found Tommy and his team. Tommy does not waste time. He and his team are professional and extremely thorough. After 4 years, I finally found a legal team that I felt spent the time to really understand the components of my utility patent. Tommy also very mindful of cost and how and where my money would be better spent. I really feel I am in great hands with Tommy and his team. They have been patient with my revisions. And most importantly, they made me feel that they fully understood the importance this patent is to me. It has been a great and comforting pleasure working with Tommy.

G.L.

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