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Sophia Addison

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I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in fashion, Jewelry, travel, digital marketing and following the latest trends in these areas.

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Published on: 08 Dec 2016 by sophia-addison

How To Protect Your Business Idea As An Entrepreneur

At times it can be impossible to protect your ideas and at the same time, you want to run your business. You have to outsource such services to professionals who understand those areas. Your business idea is your future and hiring reputable Fort Worth patent lawyers could save it. The following measures will also help you protect that idea:

Avoid disclosing the blueprint of your idea

The blueprint of your idea reveals the actual tools and procedures you used to come up with it. If anyone was to get his or her hands on it, they can come up with the exact idea and profit off it. When you have the best Fort Worth patent lawyers representing you, they can provide expert advice on how to disclose information about the idea you have come up with.

Make use of a non-disclosure agreement

A non-disclosure agreement is legal and can be enforced if violated. You have to share your ideas with your employees, colleagues, and investors. If it comes to this, they have to first sign a non-disclosure agreement before they share a table with you. This will guarantee you that they will stay mum about your idea and thus will not disclose it to other people or competitors.

Trust dispute-free investors and businesses

Investors will always be looking for a potential business opportunity to venture into. If your idea is solid and promises good returns in future, it might be up for grabs. That is why you have to work only with people you can trust. With the power of the internet, you can find just about anything that has happened in the past. Do a research on the investors who have taken an interest in your idea. See if they have had any major disputes in the past relating to patents or any other intellectual property assets.  Use this information to pick businesses and investors with zero disputes as they can be trusted.

Go for a provisional patent

A provisional patent is one which lasts only a year. It is not the actual patent but plays the role of an original one before you get to apply for it. Startups can use this patent to protect what they already have, as an idea or an intellectual property. It is less costly when you compare with the original patent. Applying for such a patent will help prevent anyone else from stealing your idea or asset. It equips you with the power to develop and share your idea openly for 12 months. After that duration, the patent expires.

Keep safe all the documentations of your idea

You can record all your documentations for the idea and put a timeline on them. You can do this n the form of a video, audio, put it on paper or do all of the above. The idea is to provide a paper trail for your work and ideas such that when someone comes to claim it is theirs, you can present that trail in court. This way, you will have a strong case and win if the timeline on the paperwork shows that it was your idea fast. Most Fort Worth patent lawyers who are experts in this field will insist on this as it makes their work easier, and help protect your intellectual property assets.

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