Intellectual Property Protection Basics for Startups

If you’re rolling out a big new venture or idea, you may hit just about every single category when it comes to intellectual property protection for startups. There’s a chance you’ll need a wide range of safeguards, from copyrights to trademarks and patents. Unfortunately, not many of these processes are user-friendly. With the right legal help, though, they’re a lot easier to navigate.

As a startup, the last thing you want to do is waste your runway time on fees for denied or incomplete applications. That’s why it’s so important for you to understand what you need and when you need it. We’ve pulled together a table to guide you through the standard intellectual property protection basics for startups, but keep in mind that nothing is written in stone. Your unique circumstances will affect your needs.

Types of Intellectual Property Protection For Startups

There are four basic categories of intellectual property protection, and in some cases, you’ll need all of them. Here are some of the common recommendations we make for helping out startups.

There are a lot of gray areas to consider as you evaluate your startup’s IP needs. For example, you may patent a piece of software, or you may only be able to copyright the code. This isn’t always clear at first glance. That’s why it’s usually in your best interest to consult with an attorney.

When to Seek out an Attorney

Many small business owners try to manage their intellectual property needs on their own but only wind up with a lot of rejections and wasted time and money. If any of the following apply, you’re best off working with an attorney:

• You’re unclear on your needs: If you’re a novice to IP law or find that multiple types of protection may meet your needs, it’s best to work with an attorney to ensure you choose the right option.
• You need a patent: Patents are the hardest segment of intellectual property law. They are lengthy, expensive, and very easy to mess up. If you believe you need a patent of any kind, whether it’s design or utility, then you’re best off working with an attorney.
• You are, or want to go, global: US IP protection is the jumping-off point for most global applications. Ensuring your US application is flawless and still meets the needs of all your target countries will streamline your entry into new markets.
• You’re concerned about conflicts: If your patent or trademark search has revealed potential conflicts, it’s best to get a legal opinion before you move forward. In some cases, you’ll find that the issue isn’t as serious as you initially thought. In others, you’ll need to reconsider your concept. It’s best to get that opinion from a legal expert before you move forward.

An attorney will usually be the best person to guide you through intellectual property protection for startups. They’ll help you understand what to prioritize and where to focus your efforts. That way, you can turn all those ideas into branded assets that will help propel you to success.

Bold Patents offers a detailed consultation on intellectual property protections for startups so you can make the right decisions. Visit our contact page or call 800-849-1913 to learn more.