As the owner of a company, your responsibilities are vast. You may harken back to the days when your business model was in the initial stages of being borne—and the concept of working for yourself was still just a daydream you indulged in while in school or working another day job. Once you have actually reached your goal, however, you may be surprised to find out how many details take up your time when you would rather be talking to new clients, working on marketing campaigns, and essentially—making money! Sometimes it may seem like your time is delegated to everything but actually working on turning a profit whether you are scheduling employees and dealing with the many challenges that arise in managing a team, speaking with vendors and making orders, or overseeing a wide range of financial issues that must constantly be wrangled.
Unique Business Innovation Must Be Protected
Protecting your business is critical though, and intellectual property must be seriously considered if you or your team are involved in creating original work or inventions. With the copyright, your original work becomes so protected that others must ask permission to use it (for example, software, architectural works, a book, movie, or other expressions of authorship and art) until the license expires. Applying for a patent will protect the invention you or your company intend to produce, prohibiting others from producing it themselves or selling it. Along with that, trademarks and service marks can protect your logo and brand as well as items that represent the services your company offers.
Technology Licensing Can Be a Win for Everybody
Technology licensing issues may come into play too, whether you are licensing and allowing others to use your technology—or purchasing a license from another company to accentuate your business with outside innovation. If you are allowing other companies or individuals to purchase and use your technological innovation, it may help offset steep business and research and development expenses. Those using the technology licenses may also offer valuable feedback about your recent innovations. If you are purchasing a license from someone else, new technology may allow you to advance your own business goals more quickly and you may be involved in a beta program or asked to give your opinions on their work.
Contact Us for Help
If you have concerns about intellectual property protection, consult with Attorney Shane Coons. Our law office represents clients involved in a wide range of businesses and legal issues, and we would be glad to review your case and help you explore your options. Call now at 949-333-0900 or email us at Shane.Coons@seclawoffices.com.