Single inventors and small start-ups often do not investigate the full cost of patent ownership and exploitation. They begin filing a patent and then decide that they cannot afford the costs of continuing the process and seek to sell the invention during the patent application stage. Typically
Category: Intellectual Property (page 102 of 156)
Whilst some startups may seek to apply for IP protection, it is not often from a full perspective of all the technical, legal and commercial angles necessary.
Very often scientists and developers will know where the respective R&D and product competition lies – however they overlook the IP competition
Technology startups are often so driven by the excitement of progressing an inventive idea, and so keen to take it to market that they don’t stop to do the necessary due diligence. There are still companies – both large and small – that are disclosing their inventions and ideas – perhaps
As have a properly drafted contract protects your interest in business dealings, intellectual property protection is far greater than what you would have realise. Key skills, know-how and other processes, such as the way business owner do business, also have a value, as do assets such as relationships
As eager business owners are keen to venture into a particular business, the lack of IP knowledge tends to ruin it for them when such ignorance came and bite them in the back. Many have thought a properly registered company name would secure the rights to use the name to promote their product and
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