Although the challenges can be overwhelming at times, there are myriad benefits to owning a business in the US. Everyone likes the idea of making their own schedule (although it could be grueling) and controlling their destiny, but there is also the intense excitement and triumph of watching a dream become a reality. And even with hundreds of thousands of business owners around the US, innovations continue to emerge and flow into the consumer economy.
It can be exhilarating for everyone involved to know that your company is in possession of goods or services that you expect to be in high demand. Creating a new product or a concept that belongs to you is an incredible achievement, and that intellectual property must be protected. With the legal expertise of an intellectual property attorney, you can register or apply for whatever types of licenses required, whether you need a copyright, trademark (or service mark), or patent. Applications are acquired through the US Copyright Office or United States Patent and Trademark Office, and your attorney is a critical resource for helping you establish what types of protection you need.
There is other serious paperwork to consider though in terms of protecting your intellectual property, and that pertains to employees and independent contractors. While you may have great trust in everyone you work with—even individuals who are on board just temporarily for one project or another—information can be inadvertently or even deliberately disclosed to others who may then talk with others or perhaps even be in a position themselves to infringe on your intellectual property rights. And while the damage is already done even if they have signed employee contracts prohibiting them from giving out any data regarding work projects, if members of your team have signed a non-disclosure or confidentiality agreement you have greater legal recourse. The hope is that this is a preventative measure upon employment with all involved understanding how critical confidentiality is.
And although not required, it is a very good idea to have your intellectual property protected through the appropriate licenses and registration—and also in updating it properly; for instance, a trademark or service mark may only be good for ten years, but it can then be extended for another ten.
If you have concerns about intellectual property or possible infringement, 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.