5 Useful Intellectual Property Protection Tips For Startups

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5 Useful Intellectual Property Protection Tips
For Startups
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Why Do Businesses Need Intellectual Property
protection?
The intangible assets of an enterprise are as
valuable as tangible properties if not more.
Businesses like Information Technology firms are
based on intellectual property like software or
technological innovation. Even traditional
businesses possess valuable IP assets like brand
names and slogans. Protecting these valuable
properties ensures a secure future for the
business and safeguards their financial
investments. Here are some useful tips for
startups to secure their intellectual property
assets.
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Know About IP Instruments

• Copyrights are used to protect original creations
  like paintings, books, musical works, etc.
• Patents help in securing the ownership rights
  over inventions and unique creations.
• Trademarks secure branding elements like brand
  names, logos, etc.

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Identify All Your IP Assets

• Identify all assets like unique products and
  trademarks.
• Even product manuals and guides must be protected
  through copyrights.
• Protect your assets in different jurisdictions
  and know about their validity periods.

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Use IP Rights To Improve Startup Valuation

• Secure IP rights over your assets as quickly as
  possible.
• Use your legal ownership to enhance the valuation
  of your startup.
• An extensive IP portfolio can have a great impact
  on your business valuation.

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Exercise Your Rights

• Keep track of infringements of your IP assets.
• Invoke IP protection laws to sue the erring party
  for damages.
• Hire IP lawyers to know how to exercise your
  rights in the best possible way.

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Define A Budget For IP Protection

• Earmark a budget for protecting your assets.
• Calculate the costs of hiring Intellectual
  Property lawyers or firms.
• Make sure you function within the budget to keep
  your startup profitable.

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Contact Us
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Delhi 110024, India.
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