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Tips to protect your intellectual property

As an innovative entrepreneur, you most likely would want to promote your new product or service and share it with the world. While protecting your product is a necessary part of doing business, it can also pay to protect what you have worked to create and develop. At Wang IP Law Group, P.C. we often help clients secure their IP rights in the U.S., Asia and Israel.

Forbes reports that there are several effective ways to protect your intellectual property. One of the less common methods is to not file a patent. By their very nature, patents provide a virtual recipe of how you created the product or service. Once published, an individual could create a workaround so as not to violate your intellectual property rights. If you do not file a patent, the recipe cannot be re-created, only approximated.

In what may seem a counterintuitive technique, you can open-source your technology. Not only is it a way to build a competitive advantage, but it allows you to tap into a community of developers. By doing this, your business can focus on the added value of technology, which is the secret to your recipe.

Use well-written non-disclosure agreements, licenses, sales contracts and employment agreements. Make sure all documents address your intellectual property. Modern IP protection methods also include Digital Rights Management systems.

If limiting exposure and keeping trades secrets under wraps is not realistic, publish them. Make sure it receives extensive publicity and it attributes you and your company. The more exposure to your IP and company reference online, the more support any patents you have filed will have.

Please visit our webpage for more information on this topic.

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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.

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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.

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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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