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Protecting intellectual property protects your business

Intellectual property is an important asset for any business. Every startup needs to consider how it can protect its ideas and plans for the future. It has to protect its products and its way of doing things. Intellectual property comes in many forms, but knowing how to protect it is important.

To start with, you need to know what you should protect. Patent anything that is important to your business and anything that might be important to others. For example, if you design a new product that you don't think others will want, you might shelve it. Don't forget about it; patent it even if you don't plan on following through on its implementation. Others may come up with the same product or want yours, so you need to protect your idea and asset.

You can save some time by checking other patents before you attempt to patent your idea or design. Google has a patent search that helps you see if others have already designed a product you want to create. If not, it's up to you to patent the idea or product before someone else.

It's a good idea to work with your attorney when you're looking to protect your intellectual property, since there are a few ways you could protect it depending on what kind of design or invention it is. Your attorney has information related to cases like yours and can give you more information on the costs associated with protecting your assets. With the right help, you can make sure no one steals your ideas.

Source: INC., "10 Ways to Protect Your Intellectual Property," Kelly Fitzsimmons, accessed Dec. 21, 2017

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